Rulings ( 11516 results )

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High Court

HC: Remits TP-adjustment qua interest on receivables citing working capital adjustment allowed

Nov 03, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-636-HC-2023(DEL)-TP
  • Tax Payer : Qualcomm India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment-order barred by limitation considering date of receiving DRP's directions

Nov 02, 2023
  • In Favour of Assessee
  • Citation Number : TS-633-ITAT-2023(Mum)-TP
  • Tax Payer : APM Terminals Private Limited
Income tax Appellate Tribunal

ITAT: Quashes TPO’s time-barred order following Pfizer Healthcare ruling

Nov 02, 2023
  • In Favour of Assessee
  • Citation Number : TS-635-ITAT-2023(Mum)-TP
  • Tax Payer : Siemens Technology & Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of secondary interest adjustment for AY 2007-08, considering Sec.92CE(1) proviso

Nov 02, 2023
  • In Favour of Assessee
  • Citation Number : TS-634-ITAT-2023(Mum)-TP
  • Tax Payer : Tech Mahindra Limited
Income tax Appellate Tribunal

ITAT: Applies turnover filter range at 10 times; Remits adjustment qua management fee

Nov 01, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-630-ITAT-2023(HYD)-TP
  • Tax Payer : Infor (India) Private Limited
Income tax Appellate Tribunal

ITAT: Accepts CIT(A)'s levy of guarantee fee @0.5% & interest @LIBOR+1% on loan

Nov 01, 2023
  • In Favour of Assessee
  • Citation Number : TS-632-ITAT-2023(Mum)-TP
  • Tax Payer : Concentrix Services (I) Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal challenging AMP adjustment, applies rule of consistency

Nov 01, 2023
  • In Favour of Assessee
  • Citation Number : TS-631-HC-2023(DEL)-TP
  • Tax Payer : Wrigley India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD, ITeS, MSS segments; Includes depreciation in operating cost

Oct 31, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-628-ITAT-2023(Bang)-TP
  • Tax Payer : Sandisk India Device Design Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds final assessment order time-barred, AO did not adhere to Sec.144C(13) mandate

Oct 31, 2023
  • In Favour of Assessee
  • Citation Number : TS-629-ITAT-2023(Mum)-TP
  • Tax Payer : Lubrizol Advanced Materials India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate-guarantee as international transaction; Determines commission at 0.5%

Oct 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-626-ITAT-2023(CHNY)-TP
  • Tax Payer : TVS Motor Company Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in research support for financial intermediary

Oct 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-627-ITAT-2023(Mum)-TP
  • Tax Payer : Citigroup Global Markets (India) Private Limited
Income tax Appellate Tribunal

ITAT: Interprets S. 263 r.w. S. 144C(13); Upholds revision proceedings absent any inquiry into royalty/fees paid

Oct 30, 2023
  • In Favour of Revenue
  • Citation Number : TS-625-ITAT-2023(PAN)-TP
  • Tax Payer : Guala Closures India Private Limited
Income tax Appellate Tribunal

ITAT: ESOP expenses, forex & impairment losses non-operating for Amazon India; Follows precedents

Oct 27, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-624-ITAT-2023(Bang)-TP
  • Tax Payer : Amazon Development Centre (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment on notional interest, assessee being a debt-free company; Follows precedent

Oct 27, 2023
  • In Favour of Assessee
  • Citation Number : TS-621-ITAT-2023(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
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