Rulings ( 11322 results )

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Income tax Appellate Tribunal

ITAT: Cannot aggregate transactions with separate AEs in different jurisdictions, remits TP-adjustment

Sep 01, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-524-ITAT-2023(Ind)-TP
  • Tax Payer : Andritz Hydro Private Limited
Income tax Appellate Tribunal

ITAT: Remits CIT(A)’s non-speaking order confirming TP adjustment qua SDTs

Aug 31, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-519-ITAT-2023(PUN)-TP
  • Tax Payer : Roopam Steel Rolling Mills
Income tax Appellate Tribunal

ITAT: Quashes revisionary order citing TPO-reference not required as per CBDT Instruction 3/2016

Aug 31, 2023
  • In Favour of Assessee
  • Citation Number : TS-523-ITAT-2023(Kol)-TP
  • Tax Payer : IMC Limited
Income tax Appellate Tribunal

ITAT: Permits assessee to withdraw appeal in light of APA resolution

Aug 30, 2023
  • In Favour of Assessee
  • Citation Number : TS-521-ITAT-2023(Bang)-TP
  • Tax Payer : Nutanix Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects NIL ALP of intra-group services, remits adjustment qua export of ferrites

Aug 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-522-ITAT-2023(Kol)-TP
  • Tax Payer : TDK India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal as withdrawn in view of MAP resolution

Aug 29, 2023
  • In Favour of Assessee
  • Citation Number : TS-518-ITAT-2023(Bang)-TP
  • Tax Payer : Ribbon Communications Private Limited
High Court

HC: Appeal by amalgamated company maintainable in jurisdiction of assessment proceedings

Aug 29, 2023
  • In Favour of Revenue
  • Citation Number : TS-520-HC-2023(MAD)-TP
  • Tax Payer : Cognizant Technology Solutions India P. Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment towards abnormal power cost, forex fluctuations

Aug 28, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-516-ITAT-2023(CHNY)-TP
  • Tax Payer : HSI Automotive Private Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment in case of Amadeus India, follows earlier orders

Aug 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-517-ITAT-2023(DEL)-TP
  • Tax Payer : Amadeus India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Upholds working capital adjustment basis availed credit period instead of agreed credit period

Aug 25, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-514-ITAT-2023(CHNY)-TP
  • Tax Payer : Woosu Automotive India Private Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments qua inter-SEZ unit transaction, delayed receivables; Follows earlier orders

Aug 25, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-515-ITAT-2023(Bang)-TP
  • Tax Payer : Wipro Limited
Income tax Appellate Tribunal

ITAT: Invalidates assessment order passed in the name of amalgamated company; Follows precedents

Aug 24, 2023
  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2023(Mum)-TP
  • Tax Payer : Aptar Pharma India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal against deletion of AMP adjustment in Xerox India's case

Aug 24, 2023
  • In Favour of Assessee
  • Citation Number : TS-513-HC-2023(DEL)-TP
  • Tax Payer : Xerox India Ltd
Income tax Appellate Tribunal

ITAT: Upholds CUP, remits ALP determination qua royalty; Disregards internal CUP citing controlled transaction

Aug 23, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-510-ITAT-2023(Mum)-TP
  • Tax Payer : Cabot India Ltd
Income tax Appellate Tribunal

ITAT: Rejects NIL ALP qua payment of export commission and model fee, follows precedents

Aug 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-511-ITAT-2023(DEL)-TP
  • Tax Payer : Honda Motorcycle and Scooters India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables under SWD segment citing functional dissimilarity, high turnover; Follows precedents

Aug 22, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-508-ITAT-2023(Bang)-TP
  • Tax Payer : Continental Automotive Components India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment-order framed beyond time-limit; Follows precedent

Aug 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-509-ITAT-2023(Ahd)-TP
  • Tax Payer : Astra Specialty Compounds India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds assessment set aside in earlier order, AO to adopt Sec.144C procedure afresh

Aug 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-507-ITAT-2023(CHNY)-TP
  • Tax Payer : CET Power Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Aggregates 3 divisions basis functions performed, personnel cost; Rules on comparables

Aug 21, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-506-ITAT-2023(Mum)-TP
  • Tax Payer : Emerson Electric Company (India) P Ltd
Income tax Appellate Tribunal

ITAT: Partly allows assessee’s plea wrt comparables; Dismisses grounds covered under MAP

Aug 17, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-504-ITAT-2023(Mum)-TP
  • Tax Payer : Juniper Networks India Private Limited