Rulings ( 11966 results )

Filters
Income tax Appellate Tribunal

ITAT: Excludes comparables for failing turnover filter, functional dissimilarity; Remits adjustment qua outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-239-ITAT-2023(Bang)-TP
  • Tax Payer : NTS Technology Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts Lodha Developers' corporate guarantee benchmarking based on yield approach @ 0.35%

  • In Favour of Assessee
  • Citation Number : TS-237-ITAT-2023(Mum)-TP
  • Tax Payer : Macrotech Developers Limited
Income tax Appellate Tribunal

ITAT: Invalidates TPO-reference qua SDT under omitted Sec.92BA(i); Restricts TP-adjustment to AE-transactions only

  • In Favour of Both, Partially
  • Citation Number : TS-235-ITAT-2023(Bang)-TP
  • Tax Payer : TT Steel Service India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds revisionary order passed u/s 263, considering AO’s non-reference to TPO

  • In Favour of Revenue
  • Citation Number : TS-236-ITAT-2023(Ahd)-TP
  • Tax Payer : Shree Ganesh Intermediary P Ltd
Income tax Appellate Tribunal

ITAT: Permits assessee to withdraw appeal on TP grounds in light of APA resolution

  • In Favour of Both, Partially
  • Citation Number : TS-233-ITAT-2023(PUN)-TP
  • Tax Payer : Amdocs Development Centre India LLP
Income tax Appellate Tribunal

ITAT: Rules on comparables; Remits TP-adjustment qua depreciation, working capital and forex gain/loss

  • In Favour of Both, Partially
  • Citation Number : TS-234-ITAT-2023(Ind)-TP
  • Tax Payer : Computer Sciences Corporation India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds TP adjustment qua salary of employees seconded; Rejects third party placement agency rates

  • In Favour of Both, Partially
  • Citation Number : TS-231-ITAT-2023(Mum)-TP
  • Tax Payer : Zensar Technologies Ltd
Income tax Appellate Tribunal

ITAT: Upholds exclusion of 5 comparables citing high turnover qua drug manufacturer

  • In Favour of Assessee
  • Citation Number : TS-232-ITAT-2023(Kol)-TP
  • Tax Payer : Alkaloids Corporation
Income tax Appellate Tribunal

ITAT: Upholds external TNMM for benchmarking export of finished goods; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-228-ITAT-2023(Mum)-TP
  • Tax Payer : Unilever India Exports Ltd
Income tax Appellate Tribunal

ITAT: Rejects addition of DCF value of AMC income, customs duty to operating margin; Grants range benefit

  • In Favour of Both, Partially
  • Citation Number : TS-229-ITAT-2023(Mum)-TP
  • Tax Payer : Schindler India Private Limtied
Income tax Appellate Tribunal

ITAT: Considers RPM as MAM to determine ALP of distribution transaction; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-230-ITAT-2023(HYD)-TP
  • Tax Payer : Commvault Systems (India) Private Limited
Supreme Court

SC: ALP determination, judicious selection of filters are 'substantial questions of law'; Quashes Softbrands

  • In Favour of Revenue
  • Citation Number : TS-225-SC-2023-TP
  • Tax Payer : SAP Labs India Pvt. Ltd. & Others
Income tax Appellate Tribunal

ITAT: Treats insurance amount, FOREX fluctuation as operating in nature; Restricts TP-adjustment to transaction level

  • In Favour of Assessee
  • Citation Number : TS-226-ITAT-2023(Ahd)-TP
  • Tax Payer : KHS Machinery P Ltd
Income tax Appellate Tribunal

ITAT: Remits assessee's plea for inclusion of comparable; Notes difference in product manufactured, end-use

  • In Favour of Both, Partially
  • Citation Number : TS-227-ITAT-2023(PUN)-TP
  • Tax Payer : Valmont Structures Pvt Ltd
High Court

HC: Sets aside notice u/s 263 being barred by limitation

  • In Favour of Assessee
  • Citation Number : TS-224-HC-2023(KAR)-TP
  • Tax Payer : Quest Global Engineering Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment for interest on AE receivables as it was accounted under working capital adjustment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-223-ITAT-2023(Ahd)-TP
  • Tax Payer : Effective Teleservices Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s ‘other method’ absent conclusive evidence and upholds TNMM; Upholds assessment ignoring technical error

  • In Favour of Both, Partially
  • Citation Number : TS-222-ITAT-2023(CHNY)-TP
  • Tax Payer : Renault Nissan Automotive India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 4, retains 4 comparables based on functional similarity for Vodafone Global Services

  • In Favour of Both, Partially
  • Citation Number : TS-221-ITAT-2023(PUN)-TP
  • Tax Payer : Vodafone Global Services Private Limited
Supreme Court

SC: Dismisses Revenue’s SLP on inter-company loans and corporate guarantee; Condones delay

  • In Favour of Assessee
  • Citation Number : TS-936-SC-2022-TP
  • Tax Payer : Vaibhav Global Limited
Income tax Appellate Tribunal

ITAT: Follows Pfizer ruling, holds TPO's order / assessment order barred by limitation

  • In Favour of Assessee
  • Citation Number : TS-220-ITAT-2023(Mum)-TP
  • Tax Payer : Colgate-Palmolive (India) Limited