Rulings ( 11972 results )

Filters
High Court

HC: Dismisses Revenue's appeal against exclusion of comparable failing export service/diminishing revenue filters

  • In Favour of Assessee
  • Citation Number : TS-495-HC-2022(DEL)-TP
  • Tax Payer : Convvergys India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts LIBOR+2% as ALP interest on delayed-receivables; Separate adjustment for admin support services unwarranted

  • In Favour of Both, Partially
  • Citation Number : TS-493-ITAT-2022(Bang)-TP
  • Tax Payer : Cisco Systems Capital (India) Private Limited
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as international transaction, fixes commission @ 0.35%

  • In Favour of Both, Partially
  • Citation Number : TS-491-ITAT-2022(Kol)-TP
  • Tax Payer : Berger Paints India Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates on TP-adjustment qua AMP expenses, management services and royalty; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-488-ITAT-2022(DEL)-TP
  • Tax Payer : Tupperware India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua management-support services; Necessary for smooth functioning of freight and forwarding business

  • In Favour of Assessee
  • Citation Number : TS-490-ITAT-2022(Kol)-TP
  • Tax Payer : Cargo Partner Logistics India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes adjustments qua interest on NCDs and RDBs; Follows earlier order and Praxair India ruling

  • In Favour of Assessee
  • Citation Number : TS-489-ITAT-2022(Bang)-TP
  • Tax Payer : Vena Energy KM Wind Power Pvt Ltd
High Court

HC: Admits assessee’s appeal challegning ITAT-order holding assessment-order not barred by Sec.153 limitation

  • In Favour of Assessee
  • Citation Number : TS-1272-HC-2020(KAR)-TP
  • Tax Payer : Acer India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside DRP’s order; Remits issue of non-adjudication for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-484-ITAT-2022(DEL)-TP
  • Tax Payer : Corteva Agriscience Services India Private Limited
Income tax Appellate Tribunal

ITAT: Applies upper turnover filter for SWD services, allows working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-485-ITAT-2022(Bang)-TP
  • Tax Payer : Altimetrix India Pvt Ltd
Income tax Appellate Tribunal

ITAT: RPM as MAM to benchmark assessee’s trading segment; Deletes adjustment towards cost contribution charges

  • In Favour of Assessee
  • Citation Number : TS-487-ITAT-2022(Bang)-TP
  • Tax Payer : Trane Technologies India Pvt Ltd [formerly Ingersoll Rand Climate Solutions Pvt Ltd]
Income tax Appellate Tribunal

ITAT: Factors assessee's risky BBB credit rating to determine interest ALP qua NCDs, Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-486-ITAT-2022(HYD)-TP
  • Tax Payer : Greenko Rayala Wind Power Private Limited
Income tax Appellate Tribunal

ITAT: Deletes notional interest imputed on outstanding AE receivables qua Sony Pictures

  • In Favour of Assessee
  • Citation Number : TS-483-ITAT-2022(Mum)-TP
  • Tax Payer : Sony Pictures Networks India Pvt Ltd, (Formerly known as Multi Screen Media Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Benchmarks dredger-leasing rent using CUP; Deletes adjustments qua management services payment and reimbursement of salary

  • In Favour of Assessee
  • Citation Number : TS-480-ITAT-2022(Mum)-TP
  • Tax Payer : Van Oord Dredging and Marine Contractors BV
Income tax Appellate Tribunal

ITAT: Admits assessee’s additional-ground pointing out inconsistent approach in margin-computation; Applies upper-turnover filter

  • In Favour of Both, Partially
  • Citation Number : TS-481-ITAT-2022(Bang)-TP
  • Tax Payer : ON Semiconductor Technology India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Cosmic Global, Infosys BPO for ITeS provider; Cites functional-dissimilarity, presence of huge brand value etc

  • In Favour of Assessee
  • Citation Number : TS-482-ITAT-2022(CHNY)-TP
  • Tax Payer : MPS Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables qua ITeS; Remits adjustments qua outstanding receivables and working capital

  • In Favour of Both, Partially
  • Citation Number : TS-475-ITAT-2022(Bang)-TP
  • Tax Payer : NTT Data Information Processing Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparable for denovo adjudication; TPO/DRP not justified in determining ALP of IT Support Service at NIL

  • In Favour of Both, Partially
  • Citation Number : TS-476-ITAT-2022(Mum)-TP
  • Tax Payer : Sulzer Tech India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits characterization of assessee’s functional profile, whether R&D or SWD; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-477-ITAT-2022(Mum)-TP
  • Tax Payer : Polycom Technology (R&D) Center Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies US MAP rates to non-US AE transactions of SWD and ITeS; Follows Bombay HC ruling

  • In Favour of Assessee
  • Citation Number : TS-478-ITAT-2022(Bang)-TP
  • Tax Payer : EIT Services India Pvt. Ltd. (formerly known as Hewlett Packard Global Soft Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Remits adjustments qua fees paid by UBL for management service, brand/sales promotion; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-479-ITAT-2022(Bang)-TP
  • Tax Payer : United Breweries Ltd