Rulings ( 11322 results )

Filters
Income tax Appellate Tribunal

ITAT: Upholds assessee's internal CUP, authenticity of Nova-Scotia quotation not in doubt

Nov 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-641-ITAT-2023(Ahd)-TP
  • Tax Payer : Intas Pharmaceuticals Ltd.
High Court

HC: Closes assessee’s appeal on comparables’-selection and receivables

Nov 06, 2023
  • In Favour of None/NA
  • Citation Number : TS-642-HC-2023(DEL)-TP
  • Tax Payer : Corning SAS-India Branch Office
High Court

HC: Dismisses Revenue’s appeal on comparables post SAP Labs ruling; Follows precedents

Nov 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-643-HC-2023(BOM)-TP
  • Tax Payer : Warburg Pincus India pvt ltd
Income tax Appellate Tribunal

ITAT: Upholds ALP determination basis subsequent year APA absent any difference in facts, FAR

Nov 03, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-638-ITAT-2023(Bang)-TP
  • Tax Payer : Concentrix Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment order passed disregarding DRP's directions in Uber India's case

Nov 03, 2023
  • In Favour of Assessee
  • Citation Number : TS-639-ITAT-2023(HYD)-TP
  • Tax Payer : Uber India Research and Development Private Limited
High Court

HC: Disposes Revenue’s appeal on comparables-selection; Considers Revenue’s reliance on Rampgreen Solution ruling

Nov 03, 2023
  • In Favour of Assessee
  • Citation Number : TS-637-HC-2023(DEL)-TP
  • Tax Payer : GE India Business Services Pvt Ltd
High Court

HC: Remits TP-adjustment qua interest on receivables citing working capital adjustment allowed

Nov 03, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-636-HC-2023(DEL)-TP
  • Tax Payer : Qualcomm India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment-order barred by limitation considering date of receiving DRP's directions

Nov 02, 2023
  • In Favour of Assessee
  • Citation Number : TS-633-ITAT-2023(Mum)-TP
  • Tax Payer : APM Terminals Private Limited
Income tax Appellate Tribunal

ITAT: Quashes TPO’s time-barred order following Pfizer Healthcare ruling

Nov 02, 2023
  • In Favour of Assessee
  • Citation Number : TS-635-ITAT-2023(Mum)-TP
  • Tax Payer : Siemens Technology & Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of secondary interest adjustment for AY 2007-08, considering Sec.92CE(1) proviso

Nov 02, 2023
  • In Favour of Assessee
  • Citation Number : TS-634-ITAT-2023(Mum)-TP
  • Tax Payer : Tech Mahindra Limited
Income tax Appellate Tribunal

ITAT: Applies turnover filter range at 10 times; Remits adjustment qua management fee

Nov 01, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-630-ITAT-2023(HYD)-TP
  • Tax Payer : Infor (India) Private Limited
Income tax Appellate Tribunal

ITAT: Accepts CIT(A)'s levy of guarantee fee @0.5% & interest @LIBOR+1% on loan

Nov 01, 2023
  • In Favour of Assessee
  • Citation Number : TS-632-ITAT-2023(Mum)-TP
  • Tax Payer : Concentrix Services (I) Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal challenging AMP adjustment, applies rule of consistency

Nov 01, 2023
  • In Favour of Assessee
  • Citation Number : TS-631-HC-2023(DEL)-TP
  • Tax Payer : Wrigley India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD, ITeS, MSS segments; Includes depreciation in operating cost

Oct 31, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-628-ITAT-2023(Bang)-TP
  • Tax Payer : Sandisk India Device Design Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds final assessment order time-barred, AO did not adhere to Sec.144C(13) mandate

Oct 31, 2023
  • In Favour of Assessee
  • Citation Number : TS-629-ITAT-2023(Mum)-TP
  • Tax Payer : Lubrizol Advanced Materials India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate-guarantee as international transaction; Determines commission at 0.5%

Oct 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-626-ITAT-2023(CHNY)-TP
  • Tax Payer : TVS Motor Company Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in research support for financial intermediary

Oct 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-627-ITAT-2023(Mum)-TP
  • Tax Payer : Citigroup Global Markets (India) Private Limited
Income tax Appellate Tribunal

ITAT: Interprets S. 263 r.w. S. 144C(13); Upholds revision proceedings absent any inquiry into royalty/fees paid

Oct 30, 2023
  • In Favour of Revenue
  • Citation Number : TS-625-ITAT-2023(PAN)-TP
  • Tax Payer : Guala Closures India Private Limited
Income tax Appellate Tribunal

ITAT: ESOP expenses, forex & impairment losses non-operating for Amazon India; Follows precedents

Oct 27, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-624-ITAT-2023(Bang)-TP
  • Tax Payer : Amazon Development Centre (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment on notional interest, assessee being a debt-free company; Follows precedent

Oct 27, 2023
  • In Favour of Assessee
  • Citation Number : TS-621-ITAT-2023(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd