Rulings ( 11927 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables qua SanDisk India's SWD segment, remits recharacterization as agent qua MSS segment

  • In Favour of Both, Partially
  • Citation Number : TS-464-ITAT-2022(Bang)-TP
  • Tax Payer : Sandisk India Device Design Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP of royalty payment considering Unilateral APA for subsequent AYs

  • In Favour of Both, Partially
  • Citation Number : TS-465-ITAT-2022(CHNY)-TP
  • Tax Payer : Kone Elevator India Private Limited
High Court

HC: Confirms ITAT’s order upholding RPM as MAM; Dismisses Revenue’s appeal absent substantial-question of law

  • In Favour of Assessee
  • Citation Number : TS-466-HC-2022(DEL)-TP
  • Tax Payer : Dentsply India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts RPM as MAM to benchmark import transaction; Follows jurisdictional HC in L’oreal India

  • In Favour of Assessee
  • Citation Number : TS-467-ITAT-2022(Mum)-TP
  • Tax Payer : Torrecid India Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s Miscellaneous Application; Treats forex gain as operating in nature

  • In Favour of Assessee
  • Citation Number : TS-469-ITAT-2022(Bang)-TP
  • Tax Payer : Borqs Software Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s additional-ground in remand proceedings, holds assessment-order violative of Sec 144C

  • In Favour of Assessee
  • Citation Number : TS-468-ITAT-2022(CHNY)-TP
  • Tax Payer : YCH Logistics India Private Limited
Income tax Appellate Tribunal

ITAT: Remits issues qua treatment of forex gain and imputing interest on outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-463-ITAT-2022(Bang)-TP
  • Tax Payer : Subex Ltd
Income tax Appellate Tribunal

ITAT: A&M expenses not an international transaction; Remits benchmarking analysis on import of raw materials

  • In Favour of Both, Partially
  • Citation Number : TS-459-ITAT-2022(PUN)-TP
  • Tax Payer : Kimberly-Clark Lever Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables qua assessee's License and Contract Manufacturing Segments, allows working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-460-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec.271(1)(c) penalty since ALP-computation in accordance with Sec.92C

  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2022(Mum)-TP
  • Tax Payer : Sitel India Ltd
Income tax Appellate Tribunal

ITAT: Directs operating-margin to be decided following Indo-Japan MAP resolution; Remits TP-adjustments w.r.t forex fluctuation

  • In Favour of Both, Partially
  • Citation Number : TS-462-ITAT-2022(Bang)-TP
  • Tax Payer : Denso Kirloskar Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds assessee computed ALP in ‘good faith’ and with ‘due diligence’; Deletes Sec.271(1)(c) penalty

  • In Favour of Assessee
  • Citation Number : TS-454-ITAT-2022(Mum)-TP
  • Tax Payer : Sitel India Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment, grants working-capital adjustment following Huawei Technologies, rules on comparables

  • In Favour of Assessee
  • Citation Number : TS-455-ITAT-2022(Bang)-TP
  • Tax Payer : Epson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits interest computation on delayed AE receivables granting 90-day credit period, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-456-ITAT-2022(Bang)-TP
  • Tax Payer : Subex Ltd
Income tax Appellate Tribunal

ITAT: Holds raising non-adjudicable grounds no reason to dismiss entire appeal as not maintainable

  • In Favour of Both, Partially
  • Citation Number : TS-457-ITAT-2022(Bang)-TP
  • Tax Payer : Tenova Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for JP Morgan; Adjudicates on various adjustments, Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2022(Mum)-TP
  • Tax Payer : J P Morgan India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds assessment order within limitation, follows Zuari Cement ruling over contrary smaller bench decision

  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2022(Mum)-TP
  • Tax Payer : Lanxess India Private Ltd.
Income tax Appellate Tribunal

ITAT: Rules on comparables; Adjudicates on adjustments qua raw material consumption, working capital and interest on ECB

  • In Favour of Both, Partially
  • Citation Number : TS-451-ITAT-2022(Bang)-TP
  • Tax Payer : Walvoil Fluid Power India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts TNMM over TPO’s PSM as MAM for benchmarking royalty payment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-452-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Boshoku Automotive India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies upper-turnover filter limit of 200 crores for SWD segment; Remits functional-characterization of assessee

  • In Favour of Both, Partially
  • Citation Number : TS-453-ITAT-2022(Bang)-TP
  • Tax Payer : Sprinklr India Private Ltd