Rulings ( 11519 results )

Filters
Income tax Appellate Tribunal

ITAT: Excludes forex loss from operating expenditure; remits issue on working capital adjustment

Jan 08, 2022
  • In Favour of Assessee
  • Citation Number : TS-679-ITAT-2021(CHNY)-TP
  • Tax Payer : Kwang Jin India Autosystems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s dismissal of assessee’s appeal against draft order instead of final assessment order

Jan 08, 2022
  • In Favour of Revenue
  • Citation Number : TS-683-ITAT-2021(HYD)-TP
  • Tax Payer : China State Construction Engineering (Hong Kong) Limited
Income tax Appellate Tribunal

ITAT: Upholds US-MAP margin for non US-AE for EDS seg; Rules on comparables for MSS

Jan 07, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-06-ITAT-2022(Bang)-TP
  • Tax Payer : Textron India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds RPM for resale, absent any manufacturing for the AY; Follows Precedent

Jan 07, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-05-ITAT-2022(Bang)-TP
  • Tax Payer : Randox Laboratories India Private Limited
High Court

HC: Challenging TP order in writ premature, Dismisses assessee’s writ considering availability of appellate remedy

Jan 07, 2022
  • In Favour of Revenue
  • Citation Number : TS-685-HC-2021(MAD)-TP
  • Tax Payer : Bonfiglioli Transmission Private Limited
Income tax Appellate Tribunal

ITAT: Upholds DRP’s directions to exclude comparables; dismisses Revenue’s appeal seeking their inclusion

Jan 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-686-ITAT-2021(HYD)-TP
  • Tax Payer : Parexel International (India) Private Limited
High Court

HC: Holds difference in guarantee rate to be charged not a substantial question of law

Jan 06, 2022
  • In Favour of Assessee
  • Citation Number : TS-690-HC-2021(RAJ)-TP
  • Tax Payer : Vaibhav Global Limited
Income tax Appellate Tribunal

ITAT: Rejects existence of Mitsui’s DAPE in India and consequent profit attribution, Follows precedent

Jan 06, 2022
  • In Favour of Assessee
  • Citation Number : TS-04-ITAT-2022(DEL)-TP
  • Tax Payer : Mitsui & Co
Income tax Appellate Tribunal

ITAT: Lam Research India Pvt Ltd

Jan 06, 2022
  • In Favour of Assessee
  • Citation Number : TS-667-ITAT-2021(Bang)-TP
  • Tax Payer : Lam Research India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes Sec 263 revisionary proceedings against final assessment order; 3-member DRP superior to single CIT

Jan 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-03-ITAT-2022(Mum)-TP
  • Tax Payer : Barclays Bank PLC
Income tax Appellate Tribunal

ITAT: Renders discussion on SDT provisions qua slump purchase as academic, post deletion of clause (i) of s.92BA

Jan 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-01-ITAT-2022(Ahd)-TP
  • Tax Payer : Ammann India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects NIL ‘ALP’ for reimbursement of expenses and shared services cost, considers documentary evidence

Jan 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-02-ITAT-2022(Mum)-TP
  • Tax Payer : PPG Coatings India Private Limited
Income tax Appellate Tribunal

ITAT: Quashes time barred TP order, deletes consequent TP adjustment

Jan 03, 2022
  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2021(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solution India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment towards alleged Hyundai Motor Corp’s brand enhancement; Follows precedent

Jan 03, 2022
  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd
Income tax Appellate Tribunal

ITAT: Admits additional evidence by assessee for supporting payment of corporate management fee, remits matter

Dec 31, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-674-ITAT-2021(Bang)-TP
  • Tax Payer : Euronet Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds application of turnover filter of Rs. 200 crores for SWD and ITES segment; Follows precedent

Dec 31, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-676-ITAT-2021(Bang)-TP
  • Tax Payer : Software Paradigms Infotech Pvt Ltd
High Court

HC: Karnataka HC quashes assessment order passed without DRP directions, being violative of 144C

Dec 31, 2021
  • In Favour of Assessee
  • Citation Number : TS-672-HC-2021(KAR)-TP
  • Tax Payer : ACI Worldwide Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects prices under global-sourcing agreement with "deemed-AEs" for CUP-benchmarking, Remits ALP-determination basis third-party data

Dec 31, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-673-ITAT-2021(PUN)-TP
  • Tax Payer : Kimberly-Clark Lever Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for SWD provider on multiple criteria

Dec 30, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-670-ITAT-2021(HYD)-TP
  • Tax Payer : Wave Crest Payment Technology Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable selection, remits working capital and risk adjustment for SWD provider; Follows Huawei Technologies

Dec 30, 2021
  • In Favour of Assessee
  • Citation Number : TS-669-ITAT-2021(Bang)-TP
  • Tax Payer : SAP Labs India Pvt Ltd