Rulings ( 11966 results )

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Income tax Appellate Tribunal

ITAT: Holds TPO-order barred by limitation; Quashes final assessment-order holding assessee as ‘ineligible’

  • In Favour of Assessee
  • Citation Number : TS-181-ITAT-2023(Mum)-TP
  • Tax Payer : Teleperformance Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Excludes software product companies in SWD segment, remits TP-adjustment qua outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-183-ITAT-2023(Bang)-TP
  • Tax Payer : Mavenir Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables under ITeS segment, grants working-capital adjustment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-178-ITAT-2023(Bang)-TP
  • Tax Payer : Global e-Business Operations Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes TPO and final assessment orders being time-barred for ‘ineligible assessee’; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-179-ITAT-2023(Mum)-TP
  • Tax Payer : Strides Shasun Limited (formerly known as Strides Arcolab Limited)
Income tax Appellate Tribunal

ITAT: Holds Tubacex not an ‘eligible assessee’ basis TPO order barred by limitation; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-180-ITAT-2023(Mum)-TP
  • Tax Payer : Tubacex Prakash India Private Limited
Income tax Appellate Tribunal

ITAT: Accepts assessee’s inter-unit electricity transmission cost qua 80-IA eligible unit, citing assessee’s ALP fell within median range

  • In Favour of Assessee
  • Citation Number : TS-177-ITAT-2023(Mum)-TP
  • Tax Payer : Reliance Infrastructure Ltd
Income tax Appellate Tribunal

ITAT: Remits on matters of cost allocation and margin computation, Allows working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-175-ITAT-2023(Bang)-TP
  • Tax Payer : Quest Global Engineering Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments qua distribution & SWD segments, royalty payment; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-176-ITAT-2023(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment of Rs.125 crores for HP India Sales; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-932-ITAT-2022(Bang)-TP
  • Tax Payer : HP India Sales Private Ltd
Income tax Appellate Tribunal

ITAT: Remits issues on margin computation, comparables selection issue, working capital adjustment; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-172-ITAT-2023(Bang)-TP
  • Tax Payer : Schneider Electric IT Business India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside issue of comparability for fresh consideration under SDS segment; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-173-ITAT-2023(Bang)-TP
  • Tax Payer : Autodesk India Pvt Ltd
Supreme Court

SC: Dismisses Revenue’s SLP; Confirms HC order remanding matter for fresh search of comparables

  • In Favour of Assessee
  • Citation Number : TS-174-SC-2023-TP
  • Tax Payer : Gap International Sourcing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP adjustment w.r.t payment of IT and management support charges, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-169-ITAT-2023(Bang)-TP
  • Tax Payer : Brady Company India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects re-characterisation of CCDs as equity; Remits matter for determination of ALP interest at SBI PLR

  • In Favour of Assessee
  • Citation Number : TS-170-ITAT-2023(Bang)-TP
  • Tax Payer : CAE Flight Training (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment, variation between TPO's ALP and transaction price less than 3%

  • In Favour of Assessee
  • Citation Number : TS-171-ITAT-2023(Kol)-TP
  • Tax Payer : Zacks Research Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment, allows working capital adjustment for Lenovo India

  • In Favour of Both, Partially
  • Citation Number : TS-167-ITAT-2023(Bang)-TP
  • Tax Payer : Lenovo India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua cost contribution charges for centralized services

  • In Favour of Both, Partially
  • Citation Number : TS-168-ITAT-2023(Bang)-TP
  • Tax Payer : Ingersoll-Rand Technologies and Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs TP-adjustment qua interest on outstanding loan at LIBOR + 300 in an ex-parte order

  • In Favour of Both, Partially
  • Citation Number : TS-164-ITAT-2023(Mum)-TP
  • Tax Payer : Dinshaw Trapinex Builders Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua management fees, cost allocation charges; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-165-ITAT-2023(Mum)-TP
  • Tax Payer : HSBC Asset Management (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes notional interest on share application money; Adopts USD LIBOR as ALP interest on outstanding guarantee commission

  • In Favour of Both, Partially
  • Citation Number : TS-166-ITAT-2023(VIZ)-TP
  • Tax Payer : GVK Power & Infrastructure Ltd