Rulings ( 11966 results )

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Income tax Appellate Tribunal

ITAT: Upholds corporate-guarantee as an international transaction; Restricts guarantee fee at 0.5% basis Greenply Industries

  • In Favour of Both, Partially
  • Citation Number : TS-86-ITAT-2023(Kol)-TP
  • Tax Payer : Tata Global Beverages Ltd
Income tax Appellate Tribunal

ITAT: Upholds SDT adjustment u/s 80IB qua inter-unit sale of chocolate

  • In Favour of Both, Partially
  • Citation Number : TS-85-ITAT-2023(Mum)-TP
  • Tax Payer : Jindal Drugs Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TP-adjustment cannot be added to MAT book profits; Rejects use of multiple-year data

  • In Favour of Both, Partially
  • Citation Number : TS-84-ITAT-2023(Kol)-TP
  • Tax Payer : Normura Research Institute Financial Technologies India Private Limited (formerly known as Anshin Software Private Limited)
Income tax Appellate Tribunal

ITAT: Holds internal TNMM as MAM qua export sales; Upholds inclusion of comparables

  • In Favour of Both, Partially
  • Citation Number : TS-83-ITAT-2023(Mum)-TP
  • Tax Payer : Lanxess India Private Ltd.
Income tax Appellate Tribunal

ITAT: Refuses to revisit the view taken on remand of Star India's case; Dismisses Sec 254 MA

  • In Favour of Revenue
  • Citation Number : TS-81-ITAT-2023(Mum)-TP
  • Tax Payer : Star India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Affirms advances to AEs as loans, rejects Adani Power’s characterization as quasi equity

  • In Favour of Revenue
  • Citation Number : TS-82-ITAT-2023(Ahd)-TP
  • Tax Payer : Adani Power Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables failing upper turnover filter, allows working capital adjustment; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-80-ITAT-2023(Bang)-TP
  • Tax Payer : VeriFone India Technology Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment w.r.t outstanding AE-receivables; Holds export incentive as operating in nature

  • In Favour of Assessee
  • Citation Number : TS-78-ITAT-2023(Bang)-TP
  • Tax Payer : AB INBEV GCC Services India Pvt Ltd (earlier known as GCC Services India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Holds TPO reference mandatory, non-compliance of CBDT Instructions results in nullity of order

  • In Favour of Assessee
  • Citation Number : TS-79-ITAT-2023(DEL)-TP
  • Tax Payer : Meneta Automotive Components Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed sans draft order; Subsequent withdrawal of void order not acceptable

  • In Favour of Assessee
  • Citation Number : TS-77-ITAT-2023(Kol)-TP
  • Tax Payer : Philips India Limited
Income tax Appellate Tribunal

ITAT: Holds final assessment-order passed sans draft-order in remand proceedings violates Sec.144C; Quashes it

  • In Favour of Assessee
  • Citation Number : TS-73-ITAT-2023(Bang)-TP
  • Tax Payer : Alpha Elsec Defence & Aerospace Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment for payment of royalty by Maruti Suzuki India; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-75-ITAT-2023(DEL)-TP
  • Tax Payer : Maruti Suzuki India Limited
Income tax Appellate Tribunal

ITAT: Directs admission of additional evidences to benchmark import and export transactions

  • In Favour of Both, Partially
  • Citation Number : TS-74-ITAT-2023(CHNY)-TP
  • Tax Payer : Southern Petrochemical Industries Corporation Ltd
Income tax Appellate Tribunal

ITAT: Remits comparables' selection under manufacturing and SWD service segments, allows working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-76-ITAT-2023(Bang)-TP
  • Tax Payer : Continental Automotive Components India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms TP-adjustments w.r.t interest on AE-loans and share application money, directs adoption of LIBOR

  • In Favour of Both, Partially
  • Citation Number : TS-72-ITAT-2023(Mum)-TP
  • Tax Payer : Bombay Rayon Holdings Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2, includes 1 as comparable under assessee's Market Support Services

  • In Favour of Both, Partially
  • Citation Number : TS-69-ITAT-2023(DEL)-TP
  • Tax Payer : Belden India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s deletion of TP adjustment qua sale of power u/s 80IA, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2023(Kol)-TP
  • Tax Payer : Birla Corporation Limited
Income tax Appellate Tribunal

ITAT: Quashes TP adjustment, final assessment order passed without incorporating DRP’s directions

  • In Favour of Assessee
  • Citation Number : TS-70-ITAT-2023(Bang)-TP
  • Tax Payer : Tata Power Solar Systems Limited
Income tax Appellate Tribunal

ITAT: Justifies 5% mark-up on availing IT Support Services as acceptable under international guidelines

  • In Favour of Assessee
  • Citation Number : TS-68-ITAT-2023(DEL)-TP
  • Tax Payer : BMW India Financial Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment on corporate guarantee, AE- interest, Deletes interest qua share application money

  • In Favour of Assessee
  • Citation Number : TS-67-ITAT-2023(Mum)-TP
  • Tax Payer : Voltas Limited