Rulings ( 11937 results )

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Income tax Appellate Tribunal

ITAT: Remits Sec.271(1)(c) penalty issue considering remand of Management-Service Fee in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-358-ITAT-2022(PUN)-TP
  • Tax Payer : Tieto India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects disallowance u/s 10B(7) r.w.s. 80IA(10); Highlights Revenue's failure to prove existence of arrangement between assessee and AE

  • In Favour of Assessee
  • Citation Number : TS-357-ITAT-2022(PUN)-TP
  • Tax Payer : Halliburton Technology Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside BLT based protective AMP-adjustment; Follows jurisdictional HC despite pending SC appeal

  • In Favour of Assessee
  • Citation Number : TS-355-ITAT-2022(DEL)-TP
  • Tax Payer : MSD Pharmaceuticals Private Limited
Income tax Appellate Tribunal

ITAT: Accepts assessee’s change of MAM from TNMM to CUP for medical transcription services

  • In Favour of Assessee
  • Citation Number : TS-354-ITAT-2022(Mum)-TP
  • Tax Payer : Aquity Solutions India Pvt Ltd (Earlier known as M Modal Global Services Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Cannot insist on 'clear evidence' while applying benefit test; TPO to examine if Formula One Team is UBL's AE

  • In Favour of Both, Partially
  • Citation Number : TS-353-ITAT-2022(Bang)-TP
  • Tax Payer : United Breweries Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s miscellaneous petition and excludes KALS Information; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-352-ITAT-2022(Bang)-TP
  • Tax Payer : Mformation Software Technologies (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs TNMM as MAM for benchmarking royalty, Follows Precedent; Holds issues under PSM academic

  • In Favour of Assessee
  • Citation Number : TS-351-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Kirloskar Auto Parts Pvt. Ltd
High Court

HC: Adjudicates assessee’s writ petition challenging assessment order passed sans jurisdiction

  • In Favour of Both, Partially
  • Citation Number : TS-349-HC-2022(DEL)-TP
  • Tax Payer : Evalueserve SEZ (Gurgaon) Private Ltd
Income tax Appellate Tribunal

ITAT: FTS paid to AE not toward shareholder activity, deletes addition, upholds aggregate benchmarking using TNMM

  • In Favour of Assessee
  • Citation Number : TS-350-ITAT-2022(Bang)-TP
  • Tax Payer : Bosch Limited
Income tax Appellate Tribunal

ITAT: Grants conditional stay on balance, subject to 25% payment of outstanding demand

  • In Favour of Both, Partially
  • Citation Number : TS-347-ITAT-2022(Bang)-TP
  • Tax Payer : Sprinklr India Private Ltd
Income tax Appellate Tribunal

ITAT: Rules on SWD comparables; Adjudicates on working capital adjustment and delayed realization of trade receivables

  • In Favour of Both, Partially
  • Citation Number : TS-348-ITAT-2022(Bang)-TP
  • Tax Payer : Symbol Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee's miscellaneous application, fresh consideration/ re-consideration of issues not permissible u/s 254(2)

  • In Favour of Revenue
  • Citation Number : TS-346-ITAT-2022(Bang)-TP
  • Tax Payer : Blue Coat Network (India) Private Limited
Income tax Appellate Tribunal

ITAT: Directs TNMM as MAM for benchmarking royalty linked to manufacturing; Rejects PSM, Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-345-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Kirloskar Auto Parts Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment, no evidence of incurring expenditure on behest of AE; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-343-ITAT-2022(Bang)-TP
  • Tax Payer : Essilor India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection; Refuses to term inclusion of forex gain/loss in operating revenue as 'pure question of law'

  • In Favour of Both, Partially
  • Citation Number : TS-341-ITAT-2022(PUN)-TP
  • Tax Payer : Velocity Tech-Sol India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds commercial bank-guarantee distinct from corporate guarantee, Directs recomputation of commission

  • In Favour of Both, Partially
  • Citation Number : TS-344-ITAT-2022(Bang)-TP
  • Tax Payer : GMR Infrastructure Limited
High Court

HC: Allows writ; Directs amendment of assessment in compliance with US MAP-settlement, Directs consequential refund in India

  • In Favour of Assessee
  • Citation Number : TS-342-HC-2022(KAR)-TP
  • Tax Payer : Harman Connected Services Corporation India Pvt Ltd (Formerly Symphony Teleca Corporation (India) Private Ltd)
Income tax Appellate Tribunal

ITAT: Holds disallowance u/s 40(a)(ia) and 92CA(3) cannot operate simultaneously; Leads to taxing same amount twice

  • In Favour of Assessee
  • Citation Number : TS-340-ITAT-2022(DEL)-TP
  • Tax Payer : McCain Foods India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms delayed AE-receivables as separate international transaction; Fixes interest at LIBOR+2%

  • In Favour of Both, Partially
  • Citation Number : TS-338-ITAT-2022(Bang)-TP
  • Tax Payer : Maxim Integrated Products India Sales Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in software services support and BPO segments; Grants working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-336-ITAT-2022(DEL)-TP
  • Tax Payer : Hewitt Associates (India)P Ltd