Rulings ( 11926 results )

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Income tax Appellate Tribunal

ITAT: Refuses to consider credit-period agreed between assessee & AE while benchmarking delayed receivables/interest

  • In Favour of Both, Partially
  • Citation Number : TS-526-ITAT-2022(Bang)-TP
  • Tax Payer : Nuance Transcription Services India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Excludes 3, Includes 1 as comparable for R&D services provider; Rules on +/-5 tolerance range

  • In Favour of Both, Partially
  • Citation Number : TS-523-ITAT-2022(Mum)-TP
  • Tax Payer : Mylan Pharmaceuticals Private Limited
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s deletion of TP-adjustment on corporate guarantee; Applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-524-ITAT-2022(Mum)-TP
  • Tax Payer : Zee Entertainment Enterprises Ltd
Income tax Appellate Tribunal

ITAT: Considers profit before depreciation (PBDIT) as PLI for transfer pricing analysis; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-525-ITAT-2022(Mum)-TP
  • Tax Payer : Reuters India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Excludes KPO based comparables for investment advisory & support services provider

  • In Favour of Assessee
  • Citation Number : TS-520-ITAT-2022(Mum)-TP
  • Tax Payer : Macquarie Capital (India) Pvt Ltd (Formerly Known as Macquarie Capital Advisors (India) Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Remits treatment of foreign exchange fluctuation, adjustment towards custom duty payment

  • In Favour of Both, Partially
  • Citation Number : TS-521-ITAT-2022(CHNY)-TP
  • Tax Payer : HSI Automotive Private Limited
Income tax Appellate Tribunal

ITAT: CIT(A) rightly accepted additional evidence, upholds TNMM over CUP/PSM as MAM

  • In Favour of Assessee
  • Citation Number : TS-522-ITAT-2022(CHANDI)-TP
  • Tax Payer : Nectar Life Sciences Ltd
Income tax Appellate Tribunal

ITAT: Remits adjustments qua working-capital, forex loss and custom duty; Directs selection of comparables using proper filter

  • In Favour of Both, Partially
  • Citation Number : TS-518-ITAT-2022(CHNY)-TP
  • Tax Payer : Iljin Automotive P. Ltd
Income tax Appellate Tribunal

ITAT: Rejects treatment of CCDs as equity, remits ALP determination for interest; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-517-ITAT-2022(Bang)-TP
  • Tax Payer : CAE Flight Training (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination, Directs considering payment for intra-group services as operating; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2022(Bang)-TP
  • Tax Payer : Yokogawa India Limited
Income tax Appellate Tribunal

ITAT: Allows Sec 80IA deduction for profit of power division; Follows assessee’s earlier order

  • In Favour of Assessee
  • Citation Number : TS-513-ITAT-2022(RAI)-TP
  • Tax Payer : Mahendra Sponge & Power Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows deduction on account of management fee paid; Considers assessee’s evidences proving receipt of services

  • In Favour of Assessee
  • Citation Number : TS-515-ITAT-2022(CHNY)-TP
  • Tax Payer : AMEC Foster Wheeler India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-computation; TPO's wrong characterization of services prejudices ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-516-ITAT-2022(Bang)-TP
  • Tax Payer : Lancesoft India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Remits issue of working capital adjustment and outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-514-ITAT-2022(Bang)-TP
  • Tax Payer : Meritor CVS India (P) Ltd
Supreme Court

SC: Dismisses Revenue’s SLP against HC-order holding Sub-sections (1) & (2) of Sec. 92A interlinked

  • In Favour of Assessee
  • Citation Number : TS-718-SC-2021-TP
  • Tax Payer : Page Industries Ltd
Income tax Appellate Tribunal

ITAT: Remits TP issue, to be decided in light of APA for subsequent AYs if transactions similar

  • In Favour of Both, Partially
  • Citation Number : TS-509-ITAT-2022(VIZ)-TP
  • Tax Payer : Seeds Intimate Apparel India Private Limited
Income tax Appellate Tribunal

ITAT: Holds TP-order passed beyond time limit barred by limitation; Quashes subsequent TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-508-ITAT-2022(Bang)-TP
  • Tax Payer : SAP Labs India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment w.r.t payment of interest on CCDs, follows HC-ruling in India Debt Management

  • In Favour of Assessee
  • Citation Number : TS-510-ITAT-2022(Mum)-TP
  • Tax Payer : Mahindra Homes Private Limited
Income tax Appellate Tribunal

ITAT: Upholds PCIT’s Sec. 263 order; Reference to TPO for ALP-determination of SDTs mandatory

  • In Favour of Both, Partially
  • Citation Number : TS-511-ITAT-2022(CHANDI)-TP
  • Tax Payer : Leeford Healthcare Limited
Income tax Appellate Tribunal

ITAT: Calls out TPO’s restrictive view qua AE-services received; Adjustment without appropriate benchmarking method unsustainable

  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2022(Ahd)-TP
  • Tax Payer : Ineos Styrolution India Ltd