Rulings ( 11960 results )

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Income tax Appellate Tribunal

ITAT: Remits ALP-determination, refuses to follow earlier order adopting corporate guarantee fee @ 0.5%

  • In Favour of Both, Partially
  • Citation Number : TS-461-ITAT-2023(Mum)-TP
  • Tax Payer : Graves Cotton Ltd
High Court

HC: Upholds exclusion of loss from Solar Test activity from PLI computation

  • In Favour of Assessee
  • Citation Number : TS-462-HC-2023(BOM)-TP
  • Tax Payer : Schott Glass India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables, upholds forex gain, advance received and expenses reimbursed as operating

  • In Favour of Assessee
  • Citation Number : TS-459-ITAT-2023(Mum)-TP
  • Tax Payer : Sabre Travel Network (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables under SWD services segment; Remits margin computation plea

  • In Favour of Both, Partially
  • Citation Number : TS-460-ITAT-2023(Bang)-TP
  • Tax Payer : NTT Data Information Processing Services Pvt Ltd
High Court

HC: Issues Mandamus, specifies timelines for Revenue before passing assessment order

  • In Favour of Assessee
  • Citation Number : TS-458-HC-2023(MAD)-TP
  • Tax Payer : Bloom Energy India Pvt. Ltd
High Court

HC: Disregards assessee’s lapse in intimating AO; Sets aside assessment-order passed before DRP’s direction

  • In Favour of Assessee
  • Citation Number : TS-457-HC-2023(KAR)-TP
  • Tax Payer : Open Silicon Research P Ltd
Income tax Appellate Tribunal

ITAT: Lower commission rate charged to group entity justified, basis commercial expediency

  • In Favour of Assessee
  • Citation Number : TS-456-ITAT-2023(Mum)-TP
  • Tax Payer : Jetair Private Limited
Income tax Appellate Tribunal

ITAT: Deletes SDT adjustment, cites omission of Sec 92BA(i) by Finance Act 2017

  • In Favour of Assessee
  • Citation Number : TS-454-ITAT-2023(DEL)-TP
  • Tax Payer : Relaxo Footwear Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables failing upper turnover filter; Remits notional interest on outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-455-ITAT-2023(Bang)-TP
  • Tax Payer : Etisalat Software Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds provision for doubtful debts, commission, forex gain/loss as non-operating

  • In Favour of Both, Partially
  • Citation Number : TS-453-ITAT-2023(Bang)-TP
  • Tax Payer : Radisys India Ltd (formerly known as Radisys India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables citing functional dissimilarity, high turnover, lack of segmental details

  • In Favour of Both, Partially
  • Citation Number : TS-449-ITAT-2023(Bang)-TP
  • Tax Payer : EIT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes TPO’s order, final assessment order barred by period of limitation; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2023(Mum)-TP
  • Tax Payer : Frost & Sullivan (I) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection in second round for SWD service provider

  • In Favour of Both, Partially
  • Citation Number : TS-451-ITAT-2023(Bang)-TP
  • Tax Payer : Integral India Software Development Centre (P) Ltd
Income tax Appellate Tribunal

ITAT: Restricts inclusion of Dynamatic Technologies to specific segment; Remits working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-452-ITAT-2023(CHNY)-TP
  • Tax Payer : Myunghwa Automotive India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment qua royalty on intangibles, imports; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-448-ITAT-2023(Kol)-TP
  • Tax Payer : Reckitt Benckiser (India) Limited
Income tax Appellate Tribunal

ITAT: Upholds assessee's TNMM over TPO's CUP method for determining ALP of technical service fee

  • In Favour of Assessee
  • Citation Number : TS-445-ITAT-2023(HYD)-TP
  • Tax Payer : Menzies Bobba Ground Handling Services Private Limited
Income tax Appellate Tribunal

ITAT: Directs TPO to correct error in margin computation; Allows working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-442-ITAT-2023(Bang)-TP
  • Tax Payer : IG Infotech (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes time-barred assessment order pursuant to 1 day delay in passing TPO order; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-447-ITAT-2023(Mum)-TP
  • Tax Payer : Mahindra and Mahindra Ltd
Income tax Appellate Tribunal

ITAT: Excludes 10 comparables not meeting turnover filter in SWD segment

  • In Favour of Assessee
  • Citation Number : TS-446-ITAT-2023(Bang)-TP
  • Tax Payer : Mitel Communications Private Limited
Income tax Appellate Tribunal

ITAT: Partly allows assessee’s misc.petition w.r.t comparables selection, correction of SWD turnover

  • In Favour of Both, Partially
  • Citation Number : TS-443-ITAT-2023(Bang)-TP
  • Tax Payer : Robert Bosch Engineering and Business Solutions Ltd