Rulings ( 11322 results )

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Income tax Appellate Tribunal

ITAT: Directs adoption of segmental details; Restricts corporate guarantee commission @ 0.50%

Aug 17, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-505-ITAT-2023(Bang)-TP
  • Tax Payer : Trianz Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes, remits comparables; Grants working capital adjustment

Aug 16, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-502-ITAT-2023(Bang)-TP
  • Tax Payer : Exxonmobil Services and Technology Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows deduction, notes 'open market value' u/s.80-IA(8) identical to 'ALP' u/s.92BA

Aug 16, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-503-ITAT-2023(JPR)-TP
  • Tax Payer : Shree Cement Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s miscellaneous petition wrt margin computation, remits comparable exclusion

Aug 14, 2023
  • In Favour of Assessee
  • Citation Number : TS-501-ITAT-2023(Bang)-TP
  • Tax Payer : AstraZeneca Pharma India Ltd
High Court

HC: Upholds ITAT’s deletion of BLT based AMP adjustment for Yakult Danone

Aug 14, 2023
  • In Favour of Assessee
  • Citation Number : TS-500-HC-2023(DEL)-TP
  • Tax Payer : Yakult Danone India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables basis functional dissimilarity; Rejects working capital adjustment for captive unit

Aug 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-498-ITAT-2023(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT: Admits assessee’s additional ground; Quashes time barred final assessment order

Aug 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-499-ITAT-2023(DEL)-TP
  • Tax Payer : Aero Club
Income tax Appellate Tribunal

ITAT: Excludes MPS Ltd owing to functional dissimilarity, acquisition; Follows earlier order

Aug 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-497-ITAT-2023(PUN)-TP
  • Tax Payer : BNY Mellon International Operations (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TPO's order passed beyond one day as time-barred; Follows Pfizer-ruling

Aug 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-494-ITAT-2023(Mum)-TP
  • Tax Payer : Siemens Limited
Income tax Appellate Tribunal

ITAT: Grants Xiaomi stay against Rs.1833 Cr. demand as Revenue fully secured by prior attachments

Aug 09, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-496-ITAT-2023(Bang)-TP
  • Tax Payer : Xiaomi Technology India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Invalidates TPO’s order, final assessment bad in law; Follows precedents

Aug 09, 2023
  • In Favour of Assessee
  • Citation Number : TS-493-ITAT-2023(Mum)-TP
  • Tax Payer : Accenture Solutions Private Limited
High Court

HC: Dismisses Revenue's appeal owing to low tax effect, leaves questions of law open

Aug 09, 2023
  • In Favour of Assessee
  • Citation Number : TS-495-HC-2023(CAL)-TP
  • Tax Payer : Deepak Industries Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua sale of finished goods; Deletes management fee disallowance u/s.37

Aug 08, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-492-ITAT-2023(Rjt)-TP
  • Tax Payer : Ahlstrom Fiber Composites India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Holds no adjustment warranted since margin within 5% range

Aug 08, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-490-ITAT-2023(Ahd)-TP
  • Tax Payer : Doshi Accounting Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits benchmarking, notes TPO included comparable directed to be excluded in first round

Aug 08, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-491-ITAT-2023(Ahd)-TP
  • Tax Payer : Weatherford Drilling & Production Services (India) Private Limited
High Court

HC: Upholds aggregation for royalty linked with manufacturing; Earlier decisions binding absent change in facts

Aug 08, 2023
  • In Favour of Assessee
  • Citation Number : TS-489-HC-2023(BOM)-TP
  • Tax Payer : Cummins India Limited
Income tax Appellate Tribunal

ITAT: Upholds exclusion of functionally dissimilar MPS Ltd qua ITeS-providing assessee

Aug 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-486-ITAT-2023(Mum)-TP
  • Tax Payer : E-Clinical Works India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Google India’s TP grounds as withdrawn due to APA resolution

Aug 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-487-ITAT-2023(Bang)-TP
  • Tax Payer : Google India Private Limited
Income tax Appellate Tribunal

ITAT: Remits CIT(A)’s ex-parte order; Considers assessee’s non-compliance of notice not deliberate

Aug 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-488-ITAT-2023(DEL)-TP
  • Tax Payer : Egis International S.A.
High Court

HC: Sec.153 limitation binding despite Sec.144C 'complete code'; Follows Madras HC’s Roca Bathroom

Aug 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-485-HC-2023(BOM)-TP
  • Tax Payer : Shelf Drilling Ron Tappmeyer Limited