Rulings ( 11972 results )

Filters
Income tax Appellate Tribunal

ITAT: Remits characterization issue of technical and marketing services, TP-adjustment w.r.t warranty cost; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-549-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT: Holds admin/IT support-services not stewardship services, accepts foreign-AE as tested party; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-550-ITAT-2022(Kol)-TP
  • Tax Payer : Almatis Alumina Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment qua sea-farer expenses reimbursed by AE, notes incorrect factual appreciation

  • In Favour of Assessee
  • Citation Number : TS-551-ITAT-2022(Mum)-TP
  • Tax Payer : Zodiac Maritime Agencies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in ITeS segment; Adjudicates on working capital adjustment and outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-552-ITAT-2022(Bang)-TP
  • Tax Payer : Nuance Transcription Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua interest on AE-loan; Chapter X inapplicable as interest not claimed as expenditure

  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2022(Mum)-TP
  • Tax Payer : Siddhayu Ayurvedic Research Foundation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds no separate adjustment for AMP-expenses required when assessee’s net margins at ALP

  • In Favour of Assessee
  • Citation Number : TS-546-ITAT-2022(Bang)-TP
  • Tax Payer : HP India Sales Private Limited (Formerly known as Hewlett-Packard India Sales Private Limited)
Income tax Appellate Tribunal

ITAT: Notes transactions inextricably linked; Separate adjustment for management fee not justified

  • In Favour of Assessee
  • Citation Number : TS-547-ITAT-2022(Mum)-TP
  • Tax Payer : Trimble Solutions India Pvt Ltd (Formerly known as Tekla India Pvt Ltd)
High Court

HC: Disposes off tax appeals in view of benefit under the Direct Tax Vivad Se Vishwas Scheme

  • In Favour of Assessee
  • Citation Number : TS-548-HC-2022(MAD)-TP
  • Tax Payer : Terex India Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for write off of accrued interest and bad debts; No separate benchmarking required

  • In Favour of Assessee
  • Citation Number : TS-544-ITAT-2022(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for Shilpa Shetty providing free brand ambassadorship to Rajasthan Royals; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-543-ITAT-2022(Mum)-TP
  • Tax Payer : Shilpa Shetty
Income tax Appellate Tribunal

ITAT: Outstanding receivables to be considered with primary SWD services transaction, grants 90-day credit period

  • In Favour of Both, Partially
  • Citation Number : TS-542-ITAT-2022(Bang)-TP
  • Tax Payer : Xchanging Solutions Ltd
Income tax Appellate Tribunal

ITAT: TPO having determined NIL ALP, refuses alternate plea to allow advertisement expense as business expense

  • In Favour of Both, Partially
  • Citation Number : TS-540-ITAT-2022(CHNY)-TP
  • Tax Payer : Titan Company Ltd (earlier Titan Industries Ltd)
Income tax Appellate Tribunal

ITAT: Remits issue of NIL ALP determination qua HR services, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2022(Bang)-TP
  • Tax Payer : Mersen India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t purchase of coal; Fixes corporate-guarantee commission at 0.17%

  • In Favour of Both, Partially
  • Citation Number : TS-541-ITAT-2022(Ahd)-TP
  • Tax Payer : Adani Enterprises Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment qua cost contribution charges, remits issue of recharacterizing EDS segment as KPO

  • In Favour of Assessee
  • Citation Number : TS-534-ITAT-2022(Bang)-TP
  • Tax Payer : Ingersoll-Rand Technologies and Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as international transaction, fixes commission @ 0.5%; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-535-ITAT-2022(CHNY)-TP
  • Tax Payer : Siva Industries & Holdings Ltd (Formerly known as Sterling Infotech Ltd)
Income tax Appellate Tribunal

ITAT: Deletes adjustments qua inter-unit transfer of electricity / steam, accepts SEB-rate as market price

  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2022(CHANDI)-TP
  • Tax Payer : Vardhman Textiles Limited
Income tax Appellate Tribunal

ITAT: Holds AO violated Sec 92CC(3) by not considering APA while passing final assessment order

  • In Favour of Assessee
  • Citation Number : TS-537-ITAT-2022(Mum)-TP
  • Tax Payer : Ploycom Technology (R&D) Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Cannot cherrypick, adopt 2 methods for benchmarking same class of transactions; Upholds TNMM over CUP

  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2022(CHNY)-TP
  • Tax Payer : Madura Coats Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to rectify mistake and delete TP adjustment being covered by APA

  • In Favour of Assessee
  • Citation Number : TS-530-ITAT-2022(Bang)-TP
  • Tax Payer : Novo Nordisk India Pvt Ltd