Rulings ( 11320 results )

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Income tax Appellate Tribunal

ITAT: Directs AO to pass assessment order in conformity with DRP's directions, follows precedents

Dec 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-680-ITAT-2023(DEL)-TP
  • Tax Payer : Hitachi Astemo Haryana Private Ltd
High Court

HC: Rejects TP adjustment for notional interest on outstanding receivables; Follows Kusum Healthcare

Dec 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-679-HC-2023(DEL)-TP
  • Tax Payer : Inductis India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee's additional-evidence application qua new comparables, delay inconsequential absent malafides

Dec 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-681-ITAT-2023(DEL)-TP
  • Tax Payer : American Express Services India Ltd
Income tax Appellate Tribunal

ITAT: Deletes SDT-adjustment citing Sec.92BA(i) omission; Follows SC-rulings on delay condonation

Dec 05, 2023
  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2023(Kol)-TP
  • Tax Payer : L & T Finance Ltd
Income tax Appellate Tribunal

ITAT: Rejects aggregation of SWD/ITeS segments; Remits matter for fresh consideration

Dec 05, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-676-ITAT-2023(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits management fee adjustment, rejects assessee’s alternative MAM for goods imported; Follows precedent

Dec 04, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-674-ITAT-2023(CHNY)-TP
  • Tax Payer : Gates Unitta India Company Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses US-AE related issues in light of MAP resolution, UK-AE issue due to smallness of amount

Dec 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2023(HYD)-TP
  • Tax Payer : TechAspect Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments qua guarantee commission, interest on loan for Adani Ports & SEZ

Dec 04, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-673-ITAT-2023(Ahd)-TP
  • Tax Payer : Adani Ports and Special Economic Zone Ltd
Income tax Appellate Tribunal

ITAT: Holds forex gains as operating income; Rules on comparables in IT/ITeS segments

Dec 01, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-671-ITAT-2023(CHNY)-TP
  • Tax Payer : Verizon Data Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on ALP for transfer of power qua 80IA eligible units; Follows precedent

Dec 01, 2023
  • In Favour of Assessee
  • Citation Number : TS-672-ITAT-2023(CHNY)-TP
  • Tax Payer : Tamilnadu Newsprint and Papers Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment qua performance guarantee where most benefit accrued to assessee

Nov 30, 2023
  • In Favour of Assessee
  • Citation Number : TS-670-ITAT-2023(Mum)-TP
  • Tax Payer : Afcons Infrastructure Limited
High Court

HC: Grants ad-interim relief till 31 January 2024, stays tax demand in case of PayPal

Nov 29, 2023
  • In Favour of Assessee
  • Citation Number : TS-669-HC-2023(BOM)-TP
  • Tax Payer : PayPal Payments Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables, deletes adjustment for pass-through costs for banking sector

Nov 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-667-ITAT-2023(Mum)-TP
  • Tax Payer : ICICI Bank Ltd
Income tax Appellate Tribunal

ITAT: Accepts interest @ 0.58% on loan, fixes guarantee fee @ 0.5%; Follows precedents

Nov 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-668-ITAT-2023(Mum)-TP
  • Tax Payer : Indian Oil Adani Ventures Ltd
Income tax Appellate Tribunal

ITAT: AO exceeded jurisdiction u/s 92CA(4); Quashes assessment order on share sale

Nov 24, 2023
  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2023(DEL)-TP
  • Tax Payer : SAC Finance Company limited
Income tax Appellate Tribunal

ITAT: Directs AO/TPO to use 'instrument type' search filter for benchmarking interest on debentures

Nov 24, 2023
  • In Favour of Assessee
  • Citation Number : TS-666-ITAT-2023(DEL)-TP
  • Tax Payer : Vessel Warehousing Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Infosys and Eclerx in ITeS segment, remits working capital adjustment

Nov 23, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-663-ITAT-2023(HYD)-TP
  • Tax Payer : Parexel International (India) Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments on corporate guarantee, salary of employees deputed to JV; Follows precedent

Nov 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-664-ITAT-2023(Mum)-TP
  • Tax Payer : Tata Chemicals Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua payment for IGS and purchase of fixed assets

Nov 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-661-ITAT-2023(DEL)-TP
  • Tax Payer : Denso Haryana P. Ltd
Income tax Appellate Tribunal

ITAT: Upholds exclusion of KPOs Accentia, Eclerx in case of BPO service provider

Nov 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-662-ITAT-2023(DEL)-TP
  • Tax Payer : Reservation Data Maintenance India Pvt Ltd