Rulings ( 11318 results )
Income tax Appellate Tribunal
ITAT: Directs AO/TPO to restrict TP-adjustment only to international transactions with AEs
Aug 23, 2024
- In Favour of Assessee
- Citation Number : TS-365-ITAT-2024(DEL)-TP
- Tax Payer : FIS Global Business Solutions India P. Ltd
Income tax Appellate Tribunal
ITAT: Holds final assessment order as time-barred; Follows precedent
Aug 23, 2024
- In Favour of Assessee
- Citation Number : TS-366-ITAT-2024(DEL)-TP
- Tax Payer : Syniverse Technologies Services (India) Pvt. Ltd.
Income tax Appellate Tribunal
ITAT: Rules on comparables-selection qua provision of ITeS, adopts interest on receivables @LIBOR+200
Aug 22, 2024
- In Favour of Both, Partially
- Citation Number : TS-363-ITAT-2024(HYD)-TP
- Tax Payer : S & P Capital IQ (India) Private Limited
Income tax Appellate Tribunal
ITAT: Assessment order not prejudicial to Revenue’s interest, sets aside revision u/s263
Aug 22, 2024
- In Favour of Assessee
- Citation Number : TS-364-ITAT-2024(Mum)-TP
- Tax Payer : MX Systems International Private Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables selection under project management & marketing support services segments
Aug 21, 2024
- In Favour of Both, Partially
- Citation Number : TS-362-ITAT-2024(DDN)-TP
- Tax Payer : Schlumberger Solutions Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rejects NIL ALP qua IGS, notes Indian entity engaged considerable advantage
Aug 21, 2024
- In Favour of Both, Partially
- Citation Number : TS-361-ITAT-2024(DEL)-TP
- Tax Payer : American Express Banking Corp, (India Branch)
Income tax Appellate Tribunal
ITAT: Excludes comparables in ITeS, allows support services cost in case of Genpact Services
Aug 20, 2024
- In Favour of Assessee
- Citation Number : TS-359-ITAT-2024(DEL)-TP
- Tax Payer : Genpact Services LLC
High Court
HC: Dismisses Revenue’s appeal on selection of most appropriate method
Aug 20, 2024
- In Favour of Assessee
- Citation Number : TS-360-HC-2024(P & H)-TP
- Tax Payer : Willis Towers Watson India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Accepts assessee’s plea for inclusion/exclusion of comparables in ITeS segment
Aug 19, 2024
- In Favour of Assessee
- Citation Number : TS-357-ITAT-2024(Bang)-TP
- Tax Payer : Swiss Re Global Business Solutions India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Accepts assessee’s plea w.r.t comparables selection qua provision of SWD services
Aug 19, 2024
- In Favour of Assessee
- Citation Number : TS-358-ITAT-2024(HYD)-TP
- Tax Payer : Pegasystems Worldwide India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs TPO to pass speaking-order while giving effect to DRP’s directions
Aug 19, 2024
- In Favour of Both, Partially
- Citation Number : TS-356-ITAT-2024(DEL)-TP
- Tax Payer : Assotech Moonshine Urban Developers Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits MAM selection for benchmarking purchase transaction; Follows earlier order
Aug 16, 2024
- In Favour of Assessee
- Citation Number : TS-354-ITAT-2024(CHNY)-TP
- Tax Payer : Kubota Agricultural Machinery India Private Limited
Income tax Appellate Tribunal
ITAT: Restores appeal, 2 written adjournment requests from assessee skipped CIT(A)'s notice
Aug 16, 2024
- In Favour of Assessee
- Citation Number : TS-353-ITAT-2024(DEL)-TP
- Tax Payer : Fiserv India Pvt Ltd
High Court
HC: Revenue did not justify using comparables for the first time, dismisses appeal
Aug 16, 2024
- In Favour of Assessee
- Citation Number : TS-355-HC-2024(P & H)-TP
- Tax Payer : Osram India P. Ltd
Supreme Court
SC: Dismisses application seeking condonation along with SLP in Cisco Systems
Aug 14, 2024
- In Favour of Assessee
- Citation Number : TS-352-SC-2024-TP
- Tax Payer : Cisco Systems Services B.E. (India Branch)
Income tax Appellate Tribunal
ITAT: Excludes comparable engaged to the tune of 99.74% in manufacturing activity
Aug 14, 2024
- In Favour of Assessee
- Citation Number : TS-351-ITAT-2024(Bang)-TP
- Tax Payer : Toyota Tsusho India Private Limited
High Court
HC: Dismisses Revenue’s appeal on AMP and comparables, follows Assessee’s earlier order
Aug 14, 2024
- In Favour of Assessee
- Citation Number : TS-349-HC-2024(DEL)-TP
- Tax Payer : Samsung India Electronics Pvt. Ltd
High Court
HC: Dismisses Nikon India’s appeal against order on AMP adjustment issue being purely academic
Aug 14, 2024
- In Favour of Revenue
- Citation Number : TS-348-HC-2024(P & H)-TP
- Tax Payer : Nikon India Private Limited
High Court
HC: Bombay HC tells Revenue - Let SC decide Shelf Drilling controversy
Aug 14, 2024
- In Favour of Assessee
- Citation Number : TS-350-HC-2024(BOM)-TP
- Tax Payer : PayPal Payments Private Limited
Income tax Appellate Tribunal
ITAT: Holds subsequent proceedings non-est, demand/penalty notices issued with draft assessment order
Aug 13, 2024
- In Favour of Assessee
- Citation Number : TS-347-ITAT-2024(Mum)-TP
- Tax Payer : Goldman Sachs (India) Securities Pvt Ltd