Rulings ( 11516 results )
Income tax Appellate Tribunal
ITAT: Allows 2% of operating revenue as management fees; Follows earlier order
Nov 16, 2023
- In Favour of Assessee
- Citation Number : TS-654-ITAT-2023(Ahd)-TP
- Tax Payer : BUNDY INDIA LIMITED
Income tax Appellate Tribunal
ITAT: Rejects NIL ALP of technology support charges & salary reimbursement qua Vodafone India
Nov 16, 2023
- In Favour of Assessee
- Citation Number : TS-655-ITAT-2023(Mum)-TP
- Tax Payer : Vodafone India Limited
Income tax Appellate Tribunal
ITAT: Upholds guarantee commission @0.35% qua Macrotech Developers Ltd, follows precedent
Nov 10, 2023
- In Favour of Assessee
- Citation Number : TS-651-ITAT-2023(Mum)-TP
- Tax Payer : Macrotech Developers Limited
Income tax Appellate Tribunal
ITAT: Deletes adjustment qua inter-unit power sale in Tata Steel's case; Follows Tata Chemicals
Nov 10, 2023
- In Favour of Assessee
- Citation Number : TS-652-ITAT-2023(Mum)-TP
- Tax Payer : Tata Steel Ltd
Income tax Appellate Tribunal
ITAT: Rules in BBC's favour, confirms CIT(A)'s findings on pass through cost, forex loss
Nov 10, 2023
- In Favour of Assessee
- Citation Number : TS-653-ITAT-2023(DEL)-TP
- Tax Payer : BBC World (India) Pvt.Ltd
Income tax Appellate Tribunal
ITAT: Upholds internal CUP for guarantee; Rejects information u/s 133(6) for external CUP
Nov 09, 2023
- In Favour of Assessee
- Citation Number : TS-649-ITAT-2023(Mum)-TP
- Tax Payer : L & T Technology Services Limited
Income tax Appellate Tribunal
ITAT: TNMM resistant to transactional differences; Rejects assessee’s plea on forex loss, documentation etc.
Nov 09, 2023
- In Favour of Revenue
- Citation Number : TS-650-ITAT-2023(CHNY)-TP
- Tax Payer : NVH India Auto Parts Private Limited
High Court
HC: Vodafone Idea’s assessment order passed 2 years after DRP directions ‘unsustainable’; Directs refund
Nov 08, 2023
- In Favour of Assessee
- Citation Number : TS-660-HC-2023(BOM)-TP
- Tax Payer : Vodafone Idea Ltd
Income tax Appellate Tribunal
ITAT: No SDT adjustment permissible owing to Sec.92BA(i) omission, follows precedents
Nov 08, 2023
- In Favour of Assessee
- Citation Number : TS-647-ITAT-2023(Mum)-TP
- Tax Payer : Hind Aluminium Industries Pvt Ltd
Income tax Appellate Tribunal
ITAT: Quashes time-barred TPO, assessment orders for Jaguar Land Rover; Follows precedents
Nov 08, 2023
- In Favour of Assessee
- Citation Number : TS-648-ITAT-2023(Mum)-TP
- Tax Payer : Jaguar Land Rover India Limited
Income tax Appellate Tribunal
ITAT: Upholds CIT(A)'s allowance of Sec.80IA deduction qua sale of power, follows precedents
Nov 07, 2023
- In Favour of Assessee
- Citation Number : TS-645-ITAT-2023(Ahd)-TP
- Tax Payer : Nandan Denim Ltd
High Court
HC: Upholds ITAT’s comparables-selection for captive investment advisory services
Nov 07, 2023
- In Favour of Assessee
- Citation Number : TS-646-HC-2023(DEL)-TP
- Tax Payer : Chrys Capital Invesment Advisors Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds PLI for SWD basis direct costs; Rejects sales, manhours for cost allocation
Nov 07, 2023
- In Favour of Both, Partially
- Citation Number : TS-644-ITAT-2023(PUN)-TP
- Tax Payer : Persistent Systems Pvt Ltd
Income tax Appellate Tribunal
ITAT: Accepts assessee’s TNMM over CUP for benchmarking goods' export; Rules on comparables
Nov 06, 2023
- In Favour of Assessee
- Citation Number : TS-640-ITAT-2023(Mum)-TP
- Tax Payer : Lanxess India Private Ltd.
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