Rulings ( 11937 results )

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Income tax Appellate Tribunal

ITAT: Excludes 4 comparables, includes 1, remits 2; Remits adjustment on account of outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-54-ITAT-2022(Bang)-TP
  • Tax Payer : Global e-Business Operations Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits grant of working capital adjustment, rules on comparables for SWD segment; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-52-ITAT-2022(Bang)-TP
  • Tax Payer : Auriga Software Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables on the basis of FAR analysis; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-51-ITAT-2022(Bang)-TP
  • Tax Payer : Acusis Software India Pvt Ltd
Foreign Court

FC: Holds interest on Loan notes benchmarking should be contemporaneous and in line with third party scenario

  • In Favour of Revenue
  • Citation Number : TS-33-FC-2022(AUS)-TP
  • Tax Payer : Singapore Telecom Australia Investments Pty Ltd
Income tax Appellate Tribunal

ITAT: Upholds RPM for finished goods and TNMM for semi-finished, subject to substantiation, Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-46-ITAT-2022(Bang)-TP
  • Tax Payer : AMC Cookware (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP addition to only AE sales; Relies on Kirloskar Toyota Textile Machinery, Thyssen Krupp

  • In Favour of Assessee
  • Citation Number : TS-47-ITAT-2022(Bang)-TP
  • Tax Payer : Veero Metals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for SWD and ITeS; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-48-ITAT-2022(Bang)-TP
  • Tax Payer : First American (India) Private Limited
Income tax Appellate Tribunal

ITAT: Quashes sec. 263 order; AO’s reference to TPO for SDT not mandatory

  • In Favour of Assessee
  • Citation Number : TS-45-ITAT-2022(NAG)-TP
  • Tax Payer : DP Jain Nagda Gogapur BOT Annuity Project Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Accentia Technologies as comparable, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-44-ITAT-2022(Mum)-TP
  • Tax Payer : Deutsche CIB Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes 271G penalty absent satisfaction of default u/s 92D; Rejects invalid invocation under sec. 92C

  • In Favour of Assessee
  • Citation Number : TS-43-ITAT-2022(Mum)-TP
  • Tax Payer : Enhance Ambient Communication Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects comparables basis application of export sales filter of more than 10% of total sales

  • In Favour of Assessee
  • Citation Number : TS-41-ITAT-2022(DEL)-TP
  • Tax Payer : Munjal Showa Ltd.
Income tax Appellate Tribunal

ITAT: Remits issue to determine current year’s net margin in line with APA; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-42-ITAT-2022(Bang)-TP
  • Tax Payer : Timken Engineering & Research India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes draft order passed in violation of Sec 144C, Follows Vijay Television

  • In Favour of Assessee
  • Citation Number : TS-40-ITAT-2022(Bang)-TP
  • Tax Payer : Cisco Systems Services B.V. (India Branch)
Income tax Appellate Tribunal

ITAT: Follows coordinate bench order, remits Cosmic Global Ltd for fresh consideration as comparable

  • In Favour of Both, Partially
  • Citation Number : TS-35-ITAT-2022(CHNY)-TP
  • Tax Payer : MPS Ltd
Income tax Appellate Tribunal

ITAT: Quashes reopening, terms it invalid; Absent tangible material for reopening assessment

  • In Favour of Assessee
  • Citation Number : TS-37-ITAT-2022(Mum)-TP
  • Tax Payer : Vananchal Properties Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for technical consultancy services; Excludes 3 functionally dissimilar companies

  • In Favour of Assessee
  • Citation Number : TS-36-ITAT-2022(DEL)-TP
  • Tax Payer : CH2M Hill (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP computation for corporate services fees after reducing 50% of interest savings on loan

  • In Favour of Both, Partially
  • Citation Number : TS-38-ITAT-2022(CHANDI)-TP
  • Tax Payer : Centrient Pharmaceuticals India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on selection of SWD comparables basis huge turnover, abnormal profitability; Relies on Acusis Software India

  • In Favour of Assessee
  • Citation Number : TS-39-ITAT-2022(DEL)-TP
  • Tax Payer : Serco India Pvt Ltd
High Court

HC: Disapproves overlooking of Smif Securities & prior year's ITAT ruling in draft order for Mylan Labs

  • In Favour of Assessee
  • Citation Number : TS-32-HC-2022(TEL)-TP
  • Tax Payer : Mylan Laboratories Ltd
Income tax Appellate Tribunal

ITAT: Undertaking acquired under Slump Sale from sister concern not SDT; Deletes Sec 271AA penalty

  • In Favour of Assessee
  • Citation Number : TS-31-ITAT-2022(Ind)-TP
  • Tax Payer : Ruchi J. Oil Pvt Ltd