Rulings ( 11320 results )

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Income tax Appellate Tribunal

ITAT: Observes 0.5% cannot be standard rate for charging corporate guarantee commission

Dec 14, 2023
  • In Favour of Assessee
  • Citation Number : TS-701-ITAT-2023(Mum)-TP
  • Tax Payer : ACG Associated Capsules Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT-order on AMP adjustment in Timex Group's case

Dec 14, 2023
  • In Favour of Assessee
  • Citation Number : TS-699-HC-2023(DEL)-TP
  • Tax Payer : Timex Group India Limited
Income tax Appellate Tribunal

ITAT: Includes comparables accepted for preceding & succeeding AYs absent change in facts

Dec 13, 2023
  • In Favour of Assessee
  • Citation Number : TS-696-ITAT-2023(Mum)-TP
  • Tax Payer : Syngenta Services Private Limited
Income tax Appellate Tribunal

ITAT: Remits benchmarking of fixed assets transactions wrt customs duty; Rules on comparables

Dec 13, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-697-ITAT-2023(Kol)-TP
  • Tax Payer : Linde India Ltd (formerly BOC India Ltd.)
Income tax Appellate Tribunal

ITAT: Directs AO to follow earlier order w.r.t adopting RPM for import transaction

Dec 13, 2023
  • In Favour of Assessee
  • Citation Number : TS-698-ITAT-2023(DEL)-TP
  • Tax Payer : Luxottica India Eyewear Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua AE advance, performance guarantee; Follows earlier order

Dec 12, 2023
  • In Favour of Assessee
  • Citation Number : TS-695-ITAT-2023(Mum)-TP
  • Tax Payer : KEC International Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment order without DIN as invalid; Follows precedents

Dec 12, 2023
  • In Favour of Assessee
  • Citation Number : TS-693-ITAT-2023(Ind)-TP
  • Tax Payer : Commins Technologies India Private Limited
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s guarantee commission ALP @ 0.35%; Follows earlier order

Dec 12, 2023
  • In Favour of Assessee
  • Citation Number : TS-694-ITAT-2023(Mum)-TP
  • Tax Payer : Macrotech Developers Limited
Income tax Appellate Tribunal

ITAT: Quashes TPO’s order as time-barred, follows Johnson & Johnson ruling

Dec 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-690-ITAT-2023(Mum)-TP
  • Tax Payer : Diageo India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Characterizes assessee as low-end BPO service provider; Remits working-capital adjustment

Dec 11, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-691-ITAT-2023(DEL)-TP
  • Tax Payer : Everest Business Advisory India Private Limited
High Court

HC: Upholds ITAT’s adoption of RPM as MAM; Follows Matrix Cellular case

Dec 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-692-HC-2023(DEL)-TP
  • Tax Payer : Fujitsu India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes SDT-addition following HC ruling in Texport Overseas

Dec 08, 2023
  • In Favour of Assessee
  • Citation Number : TS-687-ITAT-2023(NAG)-TP
  • Tax Payer : Vivek Vinayak Vaidya
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s comparables' selection, grant of depreciation & working capital adjustments

Dec 08, 2023
  • In Favour of Assessee
  • Citation Number : TS-688-ITAT-2023(Mum)-TP
  • Tax Payer : Zensar Technologies Ltd
Income tax Appellate Tribunal

ITAT: Remits disallowance of trademark fees, directs AO to consider assessee's evidence

Dec 08, 2023
  • In Favour of Assessee
  • Citation Number : TS-689-ITAT-2023(CHNY)-TP
  • Tax Payer : Alstom T&D India Limited
Income tax Appellate Tribunal

ITAT: Upholds 263 order as TPO’s order erroneous/prejudicial; Explains revision powers wrt TP

Dec 08, 2023
  • In Favour of Revenue
  • Citation Number : TS-686-ITAT-2023(Mum)-TP
  • Tax Payer : Zenzi Pharmaceutical Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Determines corporate guarantee commission @ 0.5%; Follows earlier order

Dec 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-685-ITAT-2023(CHNY)-TP
  • Tax Payer : Aban Offshore Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua outstanding-receivables; TPO to grant assessee opportunity to be heard

Dec 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-684-ITAT-2023(HYD)-TP
  • Tax Payer : BA Continuum India Private Limited
Income tax Appellate Tribunal

ITAT: Quashes TPO's order; Signature date being order date, ascertains limitation accordingly

Dec 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-683-ITAT-2023(Mum)-TP
  • Tax Payer : Zydus Wellness Products Limited
Income tax Appellate Tribunal

ITAT: Treats redeemable, non-convertible preference shares as ‘quasi capital’, benchmarks basis LIBOR

Dec 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-682-ITAT-2023(Mum)-TP
  • Tax Payer : Thomas Cook (India) Limited
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s adoption of corporate-guarantee commission @ 0.53%; Follows precedents

Dec 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-678-ITAT-2023(HYD)-TP
  • Tax Payer : NCC Limited