Rulings ( 11966 results )

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High Court

HC: Quashes draft order u/s.144C, holds grant of one day is virtually giving no time for hearing

  • In Favour of Assessee
  • Citation Number : TS-49-HC-2023(GUJ)-TP
  • Tax Payer : Cadila Pharmaceuticals Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s ALP determination qua license fee adopting CUP over Ambuja Cement’s TNMM

  • In Favour of Revenue
  • Citation Number : TS-928-ITAT-2022(Mum)-TP
  • Tax Payer : Ambuja Cement Limited (formerly Known as Gujarat Ambuja Cements Ltd)
Income tax Appellate Tribunal

ITAT: Dismisses Revenue's appeal; Upholds CIT(A)'s deletion of Sec.271G-penalty

  • In Favour of Assessee
  • Citation Number : TS-48-ITAT-2023(DEL)-TP
  • Tax Payer : Kindle Engineering & Construction Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables under marketing & support-service segment, upholds deletion of AMP adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-47-ITAT-2023(DEL)-TP
  • Tax Payer : Karl Storz Endoscopy India Pvt Ltd
High Court

HC: Admits appeal qua comparables-selection under ITES for Goldman Sachs; Frames 3 questions of law

  • In Favour of Both, Partially
  • Citation Number : TS-46-HC-2023(BOM)-TP
  • Tax Payer : Goldman Sachs (India) Securities Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds validity of final assessment-order; Remits issue of technical service fee paid given pendency of APA

  • In Favour of Both, Partially
  • Citation Number : TS-45-ITAT-2023(VIZ)-TP
  • Tax Payer : Teejay India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds deletion of adjustment towards sales/services rendered by assessee's head office

  • In Favour of Assessee
  • Citation Number : TS-44-ITAT-2023(DEL)-TP
  • Tax Payer : Lummus Technology Heat Transfer BV
Income tax Appellate Tribunal

ITAT: Rejects Dell India's plea for capacity utilization adjustment, cites lack of industry trend details

  • In Favour of Both, Partially
  • Citation Number : TS-43-ITAT-2023(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds aggregation of sales and purchase operations qua technical support-service fee payments; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-40-ITAT-2023(VIZ)-TP
  • Tax Payer : Teejay India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SWD, ITeS segments; Remits issues w.r.t margin computation, interest on receivables

  • In Favour of Both, Partially
  • Citation Number : TS-41-ITAT-2023(DEL)-TP
  • Tax Payer : Qualcomm India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment qua payment for bareboat rentals and ship management services

  • In Favour of Revenue
  • Citation Number : TS-42-ITAT-2023(VIZ)-TP
  • Tax Payer : Lewek Altair Shipping Private Ltd
High Court

HC: Invalidates reassessment proceedings beyond 4 years considering Pfizer Healthcare's full disclosure

  • In Favour of Assessee
  • Citation Number : TS-927-HC-2022(MAD)-TP
  • Tax Payer : Pfizer Healthcare India Private Limited (formerly known as Hospira Healthcare India Private Limited)
Income tax Appellate Tribunal

ITAT: Directs re-working of CG-VAK Software’s operating margin; Includes provision for doubtful debts as operating

  • In Favour of Both, Partially
  • Citation Number : TS-37-ITAT-2023(Mum)-TP
  • Tax Payer : Zedo (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows adjustment qua forex fluctuation and depreciation; Restores PLI computation for manufacturing segment

  • In Favour of Assessee
  • Citation Number : TS-39-ITAT-2023(DEL)-TP
  • Tax Payer : DE Diamond Electric India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs imputation of notional interest @ 6% on delayed AE-receivables

  • In Favour of Revenue
  • Citation Number : TS-38-ITAT-2023(HYD)-TP
  • Tax Payer : Apache Footwear India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A) order w.r.t admission of additional evidences; Dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-34-ITAT-2023(Mum)-TP
  • Tax Payer : Proctor & Gamble Hygiene & Healthcare Co Ltd
Income tax Appellate Tribunal

ITAT: Holds TPO's ALP determination for management services at NIL as unsustainable; Deletes adjustment

  • In Favour of Assessee
  • Citation Number : TS-35-ITAT-2023(DEL)-TP
  • Tax Payer : CEVA Logistics India P Ltd
Income tax Appellate Tribunal

ITAT: Holds interest on delayed receivables as international-transaction, allows 60 days' credit period

  • In Favour of Both, Partially
  • Citation Number : TS-36-ITAT-2023(DEL)-TP
  • Tax Payer : Veolia India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs denovo benchmarking of transaction pertaining to issuing of bank guarantee; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-31-ITAT-2023(Mum)-TP
  • Tax Payer : Mizuho Bank Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua notional interest on AE-receivables, follows Kusum Healthcare & Orange Business

  • In Favour of Assessee
  • Citation Number : TS-32-ITAT-2023(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd