Rulings ( 11966 results )

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Income tax Appellate Tribunal

ITAT: Remits working capital adjustment and interest on outstanding AE-receivables; Excludes comparables

  • In Favour of Both, Partially
  • Citation Number : TS-64-ITAT-2023(Bang)-TP
  • Tax Payer : Sabre Travel Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP adjustment under distribution segment to international-transaction only; Applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-65-ITAT-2023(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee's internal TNMM qua manufacturing activity citing volume and geographical differences

  • In Favour of Both, Partially
  • Citation Number : TS-66-ITAT-2023(PUN)-TP
  • Tax Payer : Bilcare Limited
High Court

HC: Dismisses assessee’s writ against DRP-order; Notes sufficient opportunity extended to assessee

  • In Favour of Revenue
  • Citation Number : TS-1274-HC-2020(MAD)-TP
  • Tax Payer : KOSTAL India Private Limited
High Court

HC: Dismisses Revenue’s appeal; Confirms ITAT-order setting aside final assessment-order passed in violation of Sec.144C

  • In Favour of Assessee
  • Citation Number : TS-63-HC-2023(KAR)-TP
  • Tax Payer : Flextronics Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TNMM as MAM over TPO’s CUP for computing ALP of cost contribution charges

  • In Favour of Assessee
  • Citation Number : TS-61-ITAT-2023(Bang)-TP
  • Tax Payer : Ingersoll-Rand (India) Limited
High Court

HC: Upholds dismissal of writ against DRP order noting assessee's failure to produce documents and alternate remedy

  • In Favour of Revenue
  • Citation Number : TS-930-HC-2022(MAD)-TP
  • Tax Payer : KOSTAL India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds LIBOR for benchmarking interest on outbound INR loans to AE; Follows Cotton Naturals

  • In Favour of Assessee
  • Citation Number : TS-62-ITAT-2023(VIZ)-TP
  • Tax Payer : 3F Industries Limited
Income tax Appellate Tribunal

ITAT: Deletes addition w.r.t guarantee commission; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-59-ITAT-2023(Mum)-TP
  • Tax Payer : Capgemini S E, (Formerly known as Capgemini SA)
Income tax Appellate Tribunal

ITAT: Remits benchmarking exercise for interest on borrowings, placements and guarantee commission; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-58-ITAT-2023(Mum)-TP
  • Tax Payer : Mizuho Bank Ltd
Income tax Appellate Tribunal

ITAT: Holds no international transaction for incurring AMP expenditure; Refrains from remitting the matter further

  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2023(DEL)-TP
  • Tax Payer : Perfetti Van Melle India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants working-capital adjustment on actuals; Rules on comparables under Business-Support Services segment

  • In Favour of Both, Partially
  • Citation Number : TS-60-ITAT-2023(Bang)-TP
  • Tax Payer : EIT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside draft assessment order passed in name of merged, non-existent entity; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-54-ITAT-2023(Mum)-TP
  • Tax Payer : India Medtronic Private Limited (Successor to Covidien Healthcare India - Private Limited)
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua management fee payment, TPO did not adopt any prescribed method

  • In Favour of Assessee
  • Citation Number : TS-53-ITAT-2023(PUN)-TP
  • Tax Payer : Franke Faber India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua payment of technical consultancy fee; Follows rulings in group concern's case

  • In Favour of Assessee
  • Citation Number : TS-55-ITAT-2023(Mum)-TP
  • Tax Payer : Merck Specialities Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts Lenovo India's CUP as MAM for manufacturing segment, deletes AMP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-56-ITAT-2023(Bang)-TP
  • Tax Payer : Lenovo (India) Private Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal on TP grounds as withdrawn in light of MAP resolution

  • In Favour of Assessee
  • Citation Number : TS-51-ITAT-2023(Bang)-TP
  • Tax Payer : Northern Operating Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua payment of interest w.r.t purchase of ships, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-929-ITAT-2022(Mum)-TP
  • Tax Payer : Ambuja Cement Limited (formerly Known as Gujarat Ambuja Cements Ltd)
Income tax Appellate Tribunal

ITAT: Adopts corporate guarantee commission rate of 0.5%; Directs compliance of DRP’s directions on outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-52-ITAT-2023(HYD)-TP
  • Tax Payer : Vivimed Labs Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables in ITeS segment for Standard Chartered Finance Limited; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-50-ITAT-2023(Mum)-TP
  • Tax Payer : Standard Chartered Finance Ltd