Rulings ( 11322 results )

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Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua interest on outstanding receivables, considers Kusum Healthcare ruling

Oct 27, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-622-ITAT-2023(DEL)-TP
  • Tax Payer : Teradata India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for ITeS-provider; Cites functional-dissimilarity, absence of segmental results

Oct 27, 2023
  • In Favour of Assessee
  • Citation Number : TS-623-ITAT-2023(PUN)-TP
  • Tax Payer : FIS Solutions Software (India) Private Limited
High Court

HC: Dismisses Revenue’s appeal; Upholds AMP-adjustment deletion for Toshiba India

Oct 27, 2023
  • In Favour of Assessee
  • Citation Number : TS-940-HC-2022(DEL)-TP
  • Tax Payer : Toshiba India Pvt Ltd
High Court

HC: 'Base Erosion' being debatable issue, can't fasten penalty on Shell Global

Oct 26, 2023
  • In Favour of Assessee
  • Citation Number : TS-620-HC-2023(GUJ)-TP
  • Tax Payer : Shell Global Solutions International BV
Income tax Appellate Tribunal

ITAT: Applies interest @6% on outstanding receivables, notes assessee furnished insufficient evidence

Oct 26, 2023
  • In Favour of Revenue
  • Citation Number : TS-618-ITAT-2023(HYD)-TP
  • Tax Payer : Corteva Agriscience Services India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables failing turnover filter, etc; Deletes interest on share application money for RIL

Oct 26, 2023
  • In Favour of Assessee
  • Citation Number : TS-619-ITAT-2023(Mum)-TP
  • Tax Payer : Reliance Industries Ltd
Income tax Appellate Tribunal

ITAT: Holds Indian project-office constitutes PE, remits profit attribution computation; Follows earlier order

Oct 25, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-616-ITAT-2023(CHNY)-TP
  • Tax Payer : Durr Systems Gmbh
Income tax Appellate Tribunal

ITAT: Deletes notional interest on delayed AE receivables, upholds USD LIBOR as ALP

Oct 25, 2023
  • In Favour of Assessee
  • Citation Number : TS-617-ITAT-2023(Mum)-TP
  • Tax Payer : Tech Mahindra Limited
Income tax Appellate Tribunal

ITAT: Interprets “and” as “or” in S.144C(15); Holds procedural law has retrospective application

Oct 25, 2023
  • In Favour of Revenue
  • Citation Number : TS-615-ITAT-2023(PUN)-TP
  • Tax Payer : Mr. Abrar Fakirmohmmad Shaikh
Income tax Appellate Tribunal

ITAT: Accepts Sumitomo Corp's TNMM over TPO's CUP for benchmarking indenting commission, follows precedent

Oct 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-613-ITAT-2023(DEL)-TP
  • Tax Payer : Sumitomo Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts RPM as MAM for assessee-distributor; Remits comparables-selection issue

Oct 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-614-ITAT-2023(DEL)-TP
  • Tax Payer : Karcher Cleaning Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes time-barred final assessment order, examines 'issue vs receipt' of DRP directions

Oct 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-612-ITAT-2023(DEL)-TP
  • Tax Payer : Haier Appliances India (P) Ltd.
Income tax Appellate Tribunal

ITAT: Rules on comparables' selection under SWD, business support services segments

Oct 20, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-610-ITAT-2023(DEL)-TP
  • Tax Payer : Aptive Components India P Ltd
Income tax Appellate Tribunal

ITAT: Holds Sec.40A(2)(b) inapplicable given assessee-JV structuring; Deletes penalty u/s.271G

Oct 20, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-611-ITAT-2023(DEL)-TP
  • Tax Payer : Tapi JWil JV
Income tax Appellate Tribunal

ITAT: Director’s salary, commission closely related; Accepts benchmarking on aggregate basis

Oct 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-609-ITAT-2023(Mum)-TP
  • Tax Payer : The Supreme Industries Ltd
Income tax Appellate Tribunal

ITAT: Upholds comparables' exclusion for BPO service-provider citing amalgamation, functional dissimilarity, etc.

Oct 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-608-ITAT-2023(DEL)-TP
  • Tax Payer : Reservation Data Maintenance India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on interest on foreign currency loan advanced; Follows earlier order

Oct 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-607-ITAT-2023(DEL)-TP
  • Tax Payer : Uniparts India Ltd
Income tax Appellate Tribunal

ITAT: CIT(A) exceeded jurisdiction conferred, sets aside ALP-determination for export/import

Oct 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-605-ITAT-2023(DEL)-TP
  • Tax Payer : Agrozan India P Ltd
Income tax Appellate Tribunal

ITAT: Excludes TCS E-Serve, Accentia citing functional-dissimilarity / amalgamation for IT-service provider

Oct 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-604-ITAT-2023(DEL)-TP
  • Tax Payer : Bain Capability Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects NIL ALP of technical know-how fee, deletes adjustment qua expense reimbursement

Oct 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-606-ITAT-2023(Mum)-TP
  • Tax Payer : UPS Express Private Ltd (Formerly known as UPS Jetair Express Private Ltd)