Rulings ( 11322 results )

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Income tax Appellate Tribunal

ITAT: Deletes SDT adjustment made pursuant to omission of 92BA(i); Follows precedent

Sep 13, 2023
  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2023(Kol)-TP
  • Tax Payer : Softel Overseas Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts RPM over TNMM for benchmarking import transaction; Follows earlier order

Sep 12, 2023
  • In Favour of Assessee
  • Citation Number : TS-542-ITAT-2023(Mum)-TP
  • Tax Payer : Celio Future Fashion Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of management fee, royalty and sale promotion expenses; Follows precedents

Sep 12, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-543-ITAT-2023(Bang)-TP
  • Tax Payer : United Breweries Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for availing IGS, observes assessee fulfilled need/benefit test

Sep 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-541-ITAT-2023(Mum)-TP
  • Tax Payer : Lord India Private Limited
High Court

HC: Quashes final assessment order passed without issuing draft assessment order; Follows precedents

Sep 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-540-HC-2023(BOM)-TP
  • Tax Payer : CWT India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP addition qua IGS; Remits adjustment qua Technical Know-how-Royalty

Sep 08, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-539-ITAT-2023(DEL)-TP
  • Tax Payer : Contitech India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for loss making 80IC unit

Sep 08, 2023
  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2023(CHANDI)-TP
  • Tax Payer : Milestone Gears Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua reimbursement by PO to HO; Project awarded by HO to PO “international transaction”

Sep 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-537-ITAT-2023(Ahd)-TP
  • Tax Payer : Sichuan Fortune Project Management Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment-order passed in non-existing company's name despite intimation

Sep 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-535-ITAT-2023(Mum)-TP
  • Tax Payer : India Medtronic Private Limited
Income tax Appellate Tribunal

ITAT: Remits royalty benchmarking; Directs to adopt ‘Other Method’ to benchmark royalty payment

Sep 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2023(Mum)-TP
  • Tax Payer : ASB International Private Limited
Income tax Appellate Tribunal

ITAT: Partly accepts pleas wrt comparable-selection; Directs 6% interest rate on outstanding receivables

Sep 06, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-532-ITAT-2023(HYD)-TP
  • Tax Payer : EPAM Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remands TP-adjustments qua goods' import, payment of royalty & IT-service charges

Sep 06, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-533-ITAT-2023(Mum)-TP
  • Tax Payer : Oetiker India Private Limited
High Court

HC: Holds “similarity of services” as principal point in comparability exercise under Rule 10B(2)(a)

Sep 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-534-HC-2023(DEL)-TP
  • Tax Payer : Omniglobe Information Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments qua AMP expenses, payments for royalty & services; Follows precedent

Sep 05, 2023
  • In Favour of Assessee
  • Citation Number : TS-531-ITAT-2023(Mum)-TP
  • Tax Payer : Mondelez India Foods P Ltd (formerly known as Cadbury India Ltd.)
Income tax Appellate Tribunal

ITAT: Rules on comparables qua purchase, sale of goods; Remits TP adjustment

Sep 05, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-530-ITAT-2023(HYD)-TP
  • Tax Payer : R.A.K. Ceramics India Pvt. Ltd
High Court

HC: Sets aside assessment order passed without draft order

Sep 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-528-HC-2023(KAR)-TP
  • Tax Payer : MetricStream Infotech (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds SBI short-term rate over LIBOR for benchmarking interest on trade-receivables

Sep 04, 2023
  • In Favour of Revenue
  • Citation Number : TS-529-ITAT-2023(HYD)-TP
  • Tax Payer : HM CLAUSE India Private Limited
High Court

HC: Dismisses Revenue’s review petition on grounds not challenged by assessee earlier

Sep 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-527-HC-2023(KAR)-TP
  • Tax Payer : Mphasis Ltd
Income tax Appellate Tribunal

ITAT: International-transaction quantum less than Rs.5cr as per CBDT’s Instruction No.3/2003; Deletes TP-adjustment

Sep 01, 2023
  • In Favour of Assessee
  • Citation Number : TS-525-ITAT-2023(Ind)-TP
  • Tax Payer : Computer Sciences Corporation India Private Limited
Income tax Appellate Tribunal

ITAT: Accepts foreign-AE as tested party; Follows earlier order

Sep 01, 2023
  • In Favour of Assessee
  • Citation Number : TS-526-ITAT-2023(Bang)-TP
  • Tax Payer : IMS Health Analytics Services Pvt Ltd