Rulings ( 11925 results )

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Income tax Appellate Tribunal

ITAT: Remits ALP determination of AMP expenses for Diageo India, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-565-ITAT-2022(Mum)-TP
  • Tax Payer : Diageo India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes concealment penalty levied on Sun Pharma for Pantoprazole supply as quantum addition deleted

  • In Favour of Both, Partially
  • Citation Number : TS-566-ITAT-2022(Ahd)-TP
  • Tax Payer : Sun Pharmaceutical Industries Ltd
Income tax Appellate Tribunal

ITAT: Holds guideline value of land building as fair value for redemption of preference shares; No TP and deemed dividend adjustment

  • In Favour of Assessee
  • Citation Number : TS-563-ITAT-2022(Bang)-TP
  • Tax Payer : Information Technology Park Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates on various issues qua working-capital adjustment, treatment of FOREX fluctuation, comparables selection & more!

  • In Favour of Both, Partially
  • Citation Number : TS-559-ITAT-2022(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes Marketing Consultants Agencies Ltd as comparable; Considers AO/TPO's failure to comply with DRP’s direction

  • In Favour of Assessee
  • Citation Number : TS-560-ITAT-2022(Mum)-TP
  • Tax Payer : NBC Fashion India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua sourcing commission payment for Nike India; Accepts royalty-payment adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-561-ITAT-2022(Bang)-TP
  • Tax Payer : Nike India Private Limited
Income tax Appellate Tribunal

ITAT: Remits ALP determination w.r.t interest on delayed AE-receivables; Directs following rules with proper benchmarking study

  • In Favour of Assessee
  • Citation Number : TS-562-ITAT-2022(Bang)-TP
  • Tax Payer : Safran Engineering Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs denovo benchmarking for counter guarantees; Distinguishes Mumbai ITAT's ANZ Bank ruling

  • In Favour of Both, Partially
  • Citation Number : TS-558-ITAT-2022(Mum)-TP
  • Tax Payer : Mizuho Bank Ltd (Formerly Mizuho Cooperative Bank Ltd)
Income tax Appellate Tribunal

ITAT: Rules on comparable for logistics-services provider; Excludes company citing presence of ‘un-allocable revenue/expenditure’

  • In Favour of Both, Partially
  • Citation Number : TS-553-ITAT-2022(Mum)-TP
  • Tax Payer : OOCL Logistics (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes L&T, Infosys, Persistent citing extraordinary event, functional dissimilarity; Restricts interest @LIBOR+250 on receivables

  • In Favour of Both, Partially
  • Citation Number : TS-554-ITAT-2022(HYD)-TP
  • Tax Payer : Indeed India Operations Private Limited
Income tax Appellate Tribunal

ITAT: Determines LIBOR+2% as interest on delayed AE-receivables; Follows Aurionpro Solutions HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-555-ITAT-2022(Bang)-TP
  • Tax Payer : Rittal India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts foreign AE as tested party for WNS; No aggregation of different sets of transaction for ITeS

  • In Favour of Assessee
  • Citation Number : TS-556-ITAT-2022(Mum)-TP
  • Tax Payer : WNS Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable qua assessee's Corporate Support / Contract R&D Services segments

  • In Favour of Both, Partially
  • Citation Number : TS-557-ITAT-2022(HYD)-TP
  • Tax Payer : International Speciality Products (India) Private Limited
Income tax Appellate Tribunal

ITAT: Remits characterization issue of technical and marketing services, TP-adjustment w.r.t warranty cost; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-549-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT: Holds admin/IT support-services not stewardship services, accepts foreign-AE as tested party; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-550-ITAT-2022(Kol)-TP
  • Tax Payer : Almatis Alumina Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment qua sea-farer expenses reimbursed by AE, notes incorrect factual appreciation

  • In Favour of Assessee
  • Citation Number : TS-551-ITAT-2022(Mum)-TP
  • Tax Payer : Zodiac Maritime Agencies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in ITeS segment; Adjudicates on working capital adjustment and outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-552-ITAT-2022(Bang)-TP
  • Tax Payer : Nuance Transcription Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua interest on AE-loan; Chapter X inapplicable as interest not claimed as expenditure

  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2022(Mum)-TP
  • Tax Payer : Siddhayu Ayurvedic Research Foundation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds no separate adjustment for AMP-expenses required when assessee’s net margins at ALP

  • In Favour of Assessee
  • Citation Number : TS-546-ITAT-2022(Bang)-TP
  • Tax Payer : HP India Sales Private Limited (Formerly known as Hewlett-Packard India Sales Private Limited)
Income tax Appellate Tribunal

ITAT: Notes transactions inextricably linked; Separate adjustment for management fee not justified

  • In Favour of Assessee
  • Citation Number : TS-547-ITAT-2022(Mum)-TP
  • Tax Payer : Trimble Solutions India Pvt Ltd (Formerly known as Tekla India Pvt Ltd)