Rulings ( 11937 results )

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Income tax Appellate Tribunal

ITAT: Remits ALP determination after application of upper turnover filter for selecting comparables, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-713-ITAT-2021(Bang)-TP
  • Tax Payer : Razorpay Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment on medical equipment and outstanding receivables; Follows Precedent

  • In Favour of Assessee
  • Citation Number : TS-30-ITAT-2022(DEL)-TP
  • Tax Payer : DHR Holding India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rectifies previous order, Excludes 2 more comparables for the MSS segment; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-29-ITAT-2022(Bang)-TP
  • Tax Payer : Microchip Technology (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects revisionary jurisdiction over TPO’s order & consequent assessment order; Upholds TPO’s consistent approach

  • In Favour of Assessee
  • Citation Number : TS-26-ITAT-2022(DEL)-TP
  • Tax Payer : JCB India Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for SWD; Excludes eight, includes one

  • In Favour of Both, Partially
  • Citation Number : TS-27-ITAT-2022(Bang)-TP
  • Tax Payer : M/s Infor(Bangalore) Pvt Ltd (Previously Softbrands India Private Ltd., now merged with Infor India Private Ltd.)
Income tax Appellate Tribunal

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

  • In Favour of Assessee
  • Citation Number : TS-28-ITAT-2022(Bang)-TP
  • Tax Payer : Cisco Systems Services B.V. (India Branch)
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment on medical equipment; Remits adjustment on outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-25-ITAT-2022(DEL)-TP
  • Tax Payer : DHR Holding India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for SWD and ITeS segments; Holds forex gain/loss as operating in nature

  • In Favour of Both, Partially
  • Citation Number : TS-24-ITAT-2022(Bang)-TP
  • Tax Payer : Arctern Consulting Pvt Ltd
High Court

HC: Dismisses writ challenging assessment-order passed during pendency of NCLT-proceedings; Directs adjudication on merits by CIT(A)

  • In Favour of Revenue
  • Citation Number : TS-712-HC-2021(MAD)-TP
  • Tax Payer : Coastal Engergy Private Limited
Income tax Appellate Tribunal

ITAT: Quashes Sec 263 order, holds SDT non reference not prejudicial; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-23-ITAT-2022(NAG)-TP
  • Tax Payer : Automark Industries (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on Support Services' comparables, remits working capital adjustment; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-20-ITAT-2022(DEL)-TP
  • Tax Payer : Honda R & D (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO-reference for SDT-applicability; Upholds SEB rates for steam/ electricity transfer

  • In Favour of Both, Partially
  • Citation Number : TS-21-ITAT-2022(DEL)-TP
  • Tax Payer : Shahi Exports Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s cryptic and non-specific grounds; Keeps option to file specific grounds open

  • In Favour of Assessee
  • Citation Number : TS-22-ITAT-2022(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd
Income tax Appellate Tribunal

ITAT: Applies upper turnover filter, Directs selection of comparables having turnover of 1-200 crores; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-19-ITAT-2022(Bang)-TP
  • Tax Payer : Cenduit (India) Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds ALP of inter-unit electricity transfer basis third-party market rate, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-18-ITAT-2022(Ahd)-TP
  • Tax Payer : Vishal Fabrics Ltd
High Court

HC: Quashes reassessment, original-assessment based on TPO's-observations to assessee’s full disclosure; Subsequent AY proceedings irrelevant

  • In Favour of Assessee
  • Citation Number : TS-17-HC-2022(BOM)-TP
  • Tax Payer : Oracle Financial Services Software Ltd
High Court

HC: Quashes reassessment proceedings based on change of opinion; Material facts furnished and issue analysed already

  • In Favour of Assessee
  • Citation Number : TS-708-HC-2021(BOM)-TP
  • Tax Payer : Skoda Auto Volkswagen India Private Limited
High Court

HC: Dismisses Revenue’s appeal considering low tax effect; Keeps comparability and 14A issue live

  • In Favour of Assessee
  • Citation Number : TS-688-HC-2021(MAD)-TP
  • Tax Payer : Igarashi Motors India Ltd
Income tax Appellate Tribunal

ITAT: Disapproves CIT(A)’s selective reliance on 133(6) data for choosing high margin SWD comparables

  • In Favour of Assessee
  • Citation Number : TS-15-ITAT-2022(Bang)-TP
  • Tax Payer : Infor (Bangalore) P Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order as not in conformity with DRP’s directions; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-14-ITAT-2022(DEL)-TP
  • Tax Payer : Olympus Medical Systems Pvt Ltd