Rulings ( 11516 results )

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Income tax Appellate Tribunal

ITAT: Holds Indian project-office constitutes PE, remits profit attribution computation; Follows earlier order

Oct 25, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-616-ITAT-2023(CHNY)-TP
  • Tax Payer : Durr Systems Gmbh
Income tax Appellate Tribunal

ITAT: Deletes notional interest on delayed AE receivables, upholds USD LIBOR as ALP

Oct 25, 2023
  • In Favour of Assessee
  • Citation Number : TS-617-ITAT-2023(Mum)-TP
  • Tax Payer : Tech Mahindra Limited
Income tax Appellate Tribunal

ITAT: Interprets “and” as “or” in S.144C(15); Holds procedural law has retrospective application

Oct 25, 2023
  • In Favour of Revenue
  • Citation Number : TS-615-ITAT-2023(PUN)-TP
  • Tax Payer : Mr. Abrar Fakirmohmmad Shaikh
Income tax Appellate Tribunal

ITAT: Accepts Sumitomo Corp's TNMM over TPO's CUP for benchmarking indenting commission, follows precedent

Oct 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-613-ITAT-2023(DEL)-TP
  • Tax Payer : Sumitomo Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts RPM as MAM for assessee-distributor; Remits comparables-selection issue

Oct 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-614-ITAT-2023(DEL)-TP
  • Tax Payer : Karcher Cleaning Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes time-barred final assessment order, examines 'issue vs receipt' of DRP directions

Oct 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-612-ITAT-2023(DEL)-TP
  • Tax Payer : Haier Appliances India (P) Ltd.
Income tax Appellate Tribunal

ITAT: Rules on comparables' selection under SWD, business support services segments

Oct 20, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-610-ITAT-2023(DEL)-TP
  • Tax Payer : Aptive Components India P Ltd
Income tax Appellate Tribunal

ITAT: Holds Sec.40A(2)(b) inapplicable given assessee-JV structuring; Deletes penalty u/s.271G

Oct 20, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-611-ITAT-2023(DEL)-TP
  • Tax Payer : Tapi JWil JV
Income tax Appellate Tribunal

ITAT: Director’s salary, commission closely related; Accepts benchmarking on aggregate basis

Oct 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-609-ITAT-2023(Mum)-TP
  • Tax Payer : The Supreme Industries Ltd
Income tax Appellate Tribunal

ITAT: Upholds comparables' exclusion for BPO service-provider citing amalgamation, functional dissimilarity, etc.

Oct 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-608-ITAT-2023(DEL)-TP
  • Tax Payer : Reservation Data Maintenance India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on interest on foreign currency loan advanced; Follows earlier order

Oct 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-607-ITAT-2023(DEL)-TP
  • Tax Payer : Uniparts India Ltd
Income tax Appellate Tribunal

ITAT: CIT(A) exceeded jurisdiction conferred, sets aside ALP-determination for export/import

Oct 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-605-ITAT-2023(DEL)-TP
  • Tax Payer : Agrozan India P Ltd
Income tax Appellate Tribunal

ITAT: Excludes TCS E-Serve, Accentia citing functional-dissimilarity / amalgamation for IT-service provider

Oct 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-604-ITAT-2023(DEL)-TP
  • Tax Payer : Bain Capability Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects NIL ALP of technical know-how fee, deletes adjustment qua expense reimbursement

Oct 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-606-ITAT-2023(Mum)-TP
  • Tax Payer : UPS Express Private Ltd (Formerly known as UPS Jetair Express Private Ltd)
Income tax Appellate Tribunal

ITAT: Accepts TPO’s TNMM for import transactions; Grants benefit of +/-5% tolerance range

Oct 17, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-601-ITAT-2023(Mum)-TP
  • Tax Payer : Bunge India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Reject’s TPO/DRP’s benchmarking of franchise fees /royalty on adhoc basis; Follows precedent

Oct 17, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-602-ITAT-2023(DEL)-TP
  • Tax Payer : Jubilant Foodworks Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua sale of barite lumps considering benefit of +/-5% variation

Oct 17, 2023
  • In Favour of Assessee
  • Citation Number : TS-603-ITAT-2023(CHNY)-TP
  • Tax Payer : Trimex Industries (P) Ltd
Income tax Appellate Tribunal

ITAT: Upholds notional interest on AE advances; Rejects TP adjustment on liaison services

Oct 16, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-598-ITAT-2023(Ahd)-TP
  • Tax Payer : Kalpataru Power Transmission Ltd
Income tax Appellate Tribunal

ITAT: Characterizes assessee as limited-risk distributor, remits benchmarking of import of defence equipment

Oct 16, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-600-ITAT-2023(Mum)-TP
  • Tax Payer : Rosoboronservice India Limited
Income tax Appellate Tribunal

ITAT: Transaction with Irish assessee at ALP, no further profit attributable to Adobe India

Oct 16, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-599-ITAT-2023(DEL)-TP
  • Tax Payer : Adobe Systems Software Ireland Limited