Rulings ( 11322 results )

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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
Income tax Appellate Tribunal

ITAT: Partly allows assessee’s MP against Tribunal-order w.r.t calculation of RPT ratio

Nov 21, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-659-ITAT-2023(Bang)-TP
  • Tax Payer : Toyota Kirloskar Motor P. Ltd
Income tax Appellate Tribunal

ITAT: Partly allows assessee’s misc. petition on comparables and interest on receivables

Nov 21, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-658-ITAT-2023(Bang)-TP
  • Tax Payer : Atos IT Services Private Limited
Income tax Appellate Tribunal

ITAT: Accepts Honda R&D's plea qua inclusion/exclusion of comparables, remits working capital adjustment

Nov 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-656-ITAT-2023(DEL)-TP
  • Tax Payer : Honda R & D (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua admin-service fees, royalty payment in Herbalife's case

Nov 20, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-657-ITAT-2023(Bang)-TP
  • Tax Payer : Herbalife International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows 2% of operating revenue as management fees; Follows earlier order

Nov 16, 2023
  • In Favour of Assessee
  • Citation Number : TS-654-ITAT-2023(Ahd)-TP
  • Tax Payer : BUNDY INDIA LIMITED
Income tax Appellate Tribunal

ITAT: Rejects NIL ALP of technology support charges & salary reimbursement qua Vodafone India

Nov 16, 2023
  • In Favour of Assessee
  • Citation Number : TS-655-ITAT-2023(Mum)-TP
  • Tax Payer : Vodafone India Limited
Income tax Appellate Tribunal

ITAT: Upholds guarantee commission @0.35% qua Macrotech Developers Ltd, follows precedent

Nov 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-651-ITAT-2023(Mum)-TP
  • Tax Payer : Macrotech Developers Limited
Income tax Appellate Tribunal

ITAT: Deletes adjustment qua inter-unit power sale in Tata Steel's case; Follows Tata Chemicals

Nov 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-652-ITAT-2023(Mum)-TP
  • Tax Payer : Tata Steel Ltd
Income tax Appellate Tribunal

ITAT: Rules in BBC's favour, confirms CIT(A)'s findings on pass through cost, forex loss

Nov 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-653-ITAT-2023(DEL)-TP
  • Tax Payer : BBC World (India) Pvt.Ltd
Income tax Appellate Tribunal

ITAT: Upholds internal CUP for guarantee; Rejects information u/s 133(6) for external CUP

Nov 09, 2023
  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2023(Mum)-TP
  • Tax Payer : L & T Technology Services Limited
Income tax Appellate Tribunal

ITAT: TNMM resistant to transactional differences; Rejects assessee’s plea on forex loss, documentation etc.

Nov 09, 2023
  • In Favour of Revenue
  • Citation Number : TS-650-ITAT-2023(CHNY)-TP
  • Tax Payer : NVH India Auto Parts Private Limited
High Court

HC: Vodafone Idea’s assessment order passed 2 years after DRP directions ‘unsustainable’; Directs refund

Nov 08, 2023
  • In Favour of Assessee
  • Citation Number : TS-660-HC-2023(BOM)-TP
  • Tax Payer : Vodafone Idea Ltd
Income tax Appellate Tribunal

ITAT: No SDT adjustment permissible owing to Sec.92BA(i) omission, follows precedents

Nov 08, 2023
  • In Favour of Assessee
  • Citation Number : TS-647-ITAT-2023(Mum)-TP
  • Tax Payer : Hind Aluminium Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes time-barred TPO, assessment orders for Jaguar Land Rover; Follows precedents

Nov 08, 2023
  • In Favour of Assessee
  • Citation Number : TS-648-ITAT-2023(Mum)-TP
  • Tax Payer : Jaguar Land Rover India Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s allowance of Sec.80IA deduction qua sale of power, follows precedents

Nov 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-645-ITAT-2023(Ahd)-TP
  • Tax Payer : Nandan Denim Ltd
High Court

HC: Upholds ITAT’s comparables-selection for captive investment advisory services

Nov 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-646-HC-2023(DEL)-TP
  • Tax Payer : Chrys Capital Invesment Advisors Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds PLI for SWD basis direct costs; Rejects sales, manhours for cost allocation

Nov 07, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-644-ITAT-2023(PUN)-TP
  • Tax Payer : Persistent Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee’s TNMM over CUP for benchmarking goods' export; Rules on comparables

Nov 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-640-ITAT-2023(Mum)-TP
  • Tax Payer : Lanxess India Private Ltd.