Rulings ( 11925 results )

Filters
Income tax Appellate Tribunal

ITAT: Remits inclusion/exclusion of comparables, margin-computation issue; Allows working-capital at actuals

  • In Favour of Both, Partially
  • Citation Number : TS-585-ITAT-2022(Bang)-TP
  • Tax Payer : Schneider Electric IT Business India Pvt Ltd
Income tax Appellate Tribunal

ITAT: TPO misunderstood assessee’s functional profile; Rejects comparables following assessee’s earlier cases

  • In Favour of Assessee
  • Citation Number : TS-586-ITAT-2022(DEL)-TP
  • Tax Payer : Globe Ground India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables' selection qua investment advisory services; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-584-ITAT-2022(Mum)-TP
  • Tax Payer : General Atlantic Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed without draft-order; Follows Zuari Cement over Vedanta ruling

  • In Favour of Assessee
  • Citation Number : TS-582-ITAT-2022(DEL)-TP
  • Tax Payer : Xander Advisors India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment w.r.t management-service; AO/TPO to consider evidence filed by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-578-ITAT-2022(CHNY)-TP
  • Tax Payer : YCH Logistics India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables citing extraordinary event, volatile turnover, failing RPT filter; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-579-ITAT-2022(Bang)-TP
  • Tax Payer : Honeywell Technology Solutions Lab (P) Ltd.
Income tax Appellate Tribunal

ITAT: Upholds deletion of SDT adjustment qua inter-unit power supply, fixes guarantee fee @0.5%

  • In Favour of Both, Partially
  • Citation Number : TS-580-ITAT-2022(Kol)-TP
  • Tax Payer : Dhunseri Ventures Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for assessee’s admin / back office support services segment

  • In Favour of Assessee
  • Citation Number : TS-581-ITAT-2022(Mum)-TP
  • Tax Payer : Marsh McLennan Global Services India Pvt Ltd (formerly known as Jardine Lloyd Thompson India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Rejects IPCA's ‘basket of product’ for benchmarking unrelated products; Confirms TP-adjustment qua sales-transaction

  • In Favour of Both, Partially
  • Citation Number : TS-577-ITAT-2022(Mum)-TP
  • Tax Payer : IPCA Laboratories Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal; Confirms exclusion of functionally-dissimilar Bodhtree Consulting, Kals Information Systems

  • In Favour of Assessee
  • Citation Number : TS-573-ITAT-2022(PUN)-TP
  • Tax Payer : NetHawk Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD segment; Remits issues qua interest on receivables and management fee

  • In Favour of Both, Partially
  • Citation Number : TS-574-ITAT-2022(HYD)-TP
  • Tax Payer : Infor (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables in Software engineering & Design services segment, remits capacity utilisation adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-575-ITAT-2022(Bang)-TP
  • Tax Payer : Airbus Group India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustment qua corporate-guarantee provided by Tata Sons to foreign-AE

  • In Favour of Assessee
  • Citation Number : TS-576-ITAT-2022(Mum)-TP
  • Tax Payer : Tata Sons Ltd
Income tax Appellate Tribunal

ITAT: Accepts delayed submission of requisitioned information due to CFO-unavailability; Deletes Sec.271G-penalty

  • In Favour of Assessee
  • Citation Number : TS-572-ITAT-2022(Mum)-TP
  • Tax Payer : JSW Energy Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates various adjustments including corporate guarantee, loan, etc qua Sun Pharma; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-570-ITAT-2022(Ahd)-TP
  • Tax Payer : Sun Pharmaceutical Industries Ltd
Income tax Appellate Tribunal

ITAT: Applies upper-turnover filter of 200 crores for SWD service provider; Remits working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-571-ITAT-2022(Bang)-TP
  • Tax Payer : Atos IT Services Private Limited
Income tax Appellate Tribunal

ITAT: Without final addition AO's "formation of belief" qua income escapement fails, Quashes re-assessment

  • In Favour of Assessee
  • Citation Number : TS-569-ITAT-2022(Mum)-TP
  • Tax Payer : Edelweiss Rural & Corporate Services Limited (Earlier known as M/s. Edelweiss Commodities Services Limited)
Income tax Appellate Tribunal

ITAT: FTS paid by assessee not duplication of royalty payment, directs revenue to revisit TP analysis

  • In Favour of Assessee
  • Citation Number : TS-568-ITAT-2022(Bang)-TP
  • Tax Payer : Praxair India Private Limited
Income tax Appellate Tribunal

ITAT: Benchmarks royalty under trading segment given lack of comparables; Remits comparison

  • In Favour of Assessee
  • Citation Number : TS-567-ITAT-2022(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3, remits 1 as comparables for logistics-services provider; Remits margin-computation dispute

  • In Favour of Both, Partially
  • Citation Number : TS-564-ITAT-2022(Mum)-TP
  • Tax Payer : OOCL Logistics (India) Pvt Ltd