Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Nike's AMP spend not international transaction, confirms adjustments qua expense reimbursement / royalty; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-531-ITAT-2022(Bang)-TP
  • Tax Payer : Nike India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on adjustments qua interest on loans, corporate guarantee fee, profit share; Follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-532-ITAT-2022(HYD)-TP
  • Tax Payer : Dr. Reddy’s Laboratories Limited
Income tax Appellate Tribunal

ITAT: Permits Microsoft to withdraw appeal grounds qua TP adjustment considering MAP resolution

  • In Favour of None/NA
  • Citation Number : TS-533-ITAT-2022(DEL)-TP
  • Tax Payer : Microsoft India (R&D) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM as MAM for processing fees for local guarantees for ANZ; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-527-ITAT-2022(Mum)-TP
  • Tax Payer : Australia and New Zealand Banking Group Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing acquisition, high brand value etc; Treats forex gain as operating

  • In Favour of Assessee
  • Citation Number : TS-528-ITAT-2022(HYD)-TP
  • Tax Payer : S&P Capital IQ (India) Private Limited, (Successor in interest of SNL Financial (India) Private Limited)
Income tax Appellate Tribunal

ITAT: Remits TP adjustment, TPO/DRP incorrectly understood assessee's business model of rendering MVAS/SWD

  • In Favour of Assessee
  • Citation Number : TS-529-ITAT-2022(Bang)-TP
  • Tax Payer : OnMobile Global Ltd
Income tax Appellate Tribunal

ITAT: Refuses to consider credit-period agreed between assessee & AE while benchmarking delayed receivables/interest

  • In Favour of Both, Partially
  • Citation Number : TS-526-ITAT-2022(Bang)-TP
  • Tax Payer : Nuance Transcription Services India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Excludes 3, Includes 1 as comparable for R&D services provider; Rules on +/-5 tolerance range

  • In Favour of Both, Partially
  • Citation Number : TS-523-ITAT-2022(Mum)-TP
  • Tax Payer : Mylan Pharmaceuticals Private Limited
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s deletion of TP-adjustment on corporate guarantee; Applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-524-ITAT-2022(Mum)-TP
  • Tax Payer : Zee Entertainment Enterprises Ltd
Income tax Appellate Tribunal

ITAT: Considers profit before depreciation (PBDIT) as PLI for transfer pricing analysis; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-525-ITAT-2022(Mum)-TP
  • Tax Payer : Reuters India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Excludes KPO based comparables for investment advisory & support services provider

  • In Favour of Assessee
  • Citation Number : TS-520-ITAT-2022(Mum)-TP
  • Tax Payer : Macquarie Capital (India) Pvt Ltd (Formerly Known as Macquarie Capital Advisors (India) Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Remits treatment of foreign exchange fluctuation, adjustment towards custom duty payment

  • In Favour of Both, Partially
  • Citation Number : TS-521-ITAT-2022(CHNY)-TP
  • Tax Payer : HSI Automotive Private Limited
Income tax Appellate Tribunal

ITAT: CIT(A) rightly accepted additional evidence, upholds TNMM over CUP/PSM as MAM

  • In Favour of Assessee
  • Citation Number : TS-522-ITAT-2022(CHANDI)-TP
  • Tax Payer : Nectar Life Sciences Ltd
Income tax Appellate Tribunal

ITAT: Remits adjustments qua working-capital, forex loss and custom duty; Directs selection of comparables using proper filter

  • In Favour of Both, Partially
  • Citation Number : TS-518-ITAT-2022(CHNY)-TP
  • Tax Payer : Iljin Automotive P. Ltd
Income tax Appellate Tribunal

ITAT: Rejects treatment of CCDs as equity, remits ALP determination for interest; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-517-ITAT-2022(Bang)-TP
  • Tax Payer : CAE Flight Training (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination, Directs considering payment for intra-group services as operating; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2022(Bang)-TP
  • Tax Payer : Yokogawa India Limited
Income tax Appellate Tribunal

ITAT: Allows Sec 80IA deduction for profit of power division; Follows assessee’s earlier order

  • In Favour of Assessee
  • Citation Number : TS-513-ITAT-2022(RAI)-TP
  • Tax Payer : Mahendra Sponge & Power Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows deduction on account of management fee paid; Considers assessee’s evidences proving receipt of services

  • In Favour of Assessee
  • Citation Number : TS-515-ITAT-2022(CHNY)-TP
  • Tax Payer : AMEC Foster Wheeler India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-computation; TPO's wrong characterization of services prejudices ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-516-ITAT-2022(Bang)-TP
  • Tax Payer : Lancesoft India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Remits issue of working capital adjustment and outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-514-ITAT-2022(Bang)-TP
  • Tax Payer : Meritor CVS India (P) Ltd