Rulings ( 11327 results )

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Income tax Appellate Tribunal

ITAT: Remits TP-adjustments qua customs-duty, forex rate following HC-ruling for earlier AY

Jun 21, 2023
  • In Favour of Revenue
  • Citation Number : TS-372-ITAT-2023(CHNY)-TP
  • Tax Payer : Motonic India Automative Pvt Ltd
Income tax Appellate Tribunal

ITAT: TPO’s order barred by limitation; Quashes consequent assessment order

Jun 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-373-ITAT-2023(Mum)-TP
  • Tax Payer : Firefly Market Research India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits benchmarking of interest on loan, upholds TPO's rejection of internal CUP

Jun 21, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-374-ITAT-2023(Mum)-TP
  • Tax Payer : LTIMindtree Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment sans approval from competent authority to expand scope of 'limited scrutiny'

Jun 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-371-ITAT-2023(Ahd)-TP
  • Tax Payer : Yizumi Precision Machinery (India) Private Limited
Income tax Appellate Tribunal

ITAT: Allows Sec.80IA deduction qua inter unit transfer of power, follows earlier order

Jun 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-369-ITAT-2023(CHNY)-TP
  • Tax Payer : The India Cements Limited
Income tax Appellate Tribunal

ITAT: Directs AO/TPO to consider APA for Wipro Ltd qua interest on loan, guarantee commission

Jun 20, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-370-ITAT-2023(Bang)-TP
  • Tax Payer : Wipro Limited
Income tax Appellate Tribunal

ITAT: Quashes TPO's order being time barred; Holds assessee 'ineligible'

Jun 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-368-ITAT-2023(Mum)-TP
  • Tax Payer : Johnson & Johnson Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables basis high turnover and functional dissimilarity; Follows earlier orders

Jun 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-365-ITAT-2023(DEL)-TP
  • Tax Payer : Globe Ground India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits assessee's additional ground; Remits working capital adjustment issue

Jun 19, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-366-ITAT-2023(Mum)-TP
  • Tax Payer : Oxford University Press
Income tax Appellate Tribunal

ITAT: Directs assessee to substantiate nature and benefit derived qua reimbursement expenses

Jun 19, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-367-ITAT-2023(Mum)-TP
  • Tax Payer : Jungheinrich Lift Truck India Private Limited
High Court

HC: Dismisses Revenue's appeal, upholds invalidity of TPO-reference sans pendency of assessment proceedings

Jun 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-364-HC-2023(BOM)-TP
  • Tax Payer : Kimberly Clark Lever Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua property management advisory, brokerage-service charges; Cites TPO/DRP's non-speaking order

Jun 16, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-361-ITAT-2023(DEL)-TP
  • Tax Payer : Jones Lang LaSalle Property Consultants (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds orders passed in name of non-existent company as void ab initio; Follows precedent

Jun 16, 2023
  • In Favour of Assessee
  • Citation Number : TS-362-ITAT-2023(Bang)-TP
  • Tax Payer : SKF Engineering and Lubrication India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 7 functionally dissimilar comparables under MSS segment, remits interest on receivables

Jun 16, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-363-ITAT-2023(Bang)-TP
  • Tax Payer : ARM Embedded Technologies P. Ltd
Supreme Court

SC: Admits assessee’s SLP and issues notice granting permission to file additional documents/facts

Jun 15, 2023
  • In Favour of Assessee
  • Citation Number : TS-1267-SC-2019-TP
  • Tax Payer : Steria India Ltd
Supreme Court

SC: Dismisses assessee’s SLP as withdrawn

Jun 15, 2023
  • In Favour of Assessee
  • Citation Number : TS-721-SC-2021-TP
  • Tax Payer : Steria India Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as international transaction; Fixes commission @ 0.5%

Jun 15, 2023
  • In Favour of Assessee
  • Citation Number : TS-358-ITAT-2023(CHNY)-TP
  • Tax Payer : Acqueon Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Rejects assessee's plea to apply 'weighted average method' for computing mean margin

Jun 15, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-359-ITAT-2023(Mum)-TP
  • Tax Payer : Paramount Shipping and Management Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s miscellaneous petition w.r.t comparable-selection and IGS payment

Jun 15, 2023
  • In Favour of Assessee
  • Citation Number : TS-360-ITAT-2023(Bang)-TP
  • Tax Payer : Robert Bosch Engineering and Business Solutions Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment on corporate guarantee fee @ 1%, follows rule of consistency

Jun 14, 2023
  • In Favour of Revenue
  • Citation Number : TS-354-ITAT-2023(CHNY)-TP
  • Tax Payer : TAKE Solutions Limited