Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Dismisses assessee’s MA seeking rectification of Tribunal order w.r.t delayed-receivables issue

  • In Favour of Assessee
  • Citation Number : TS-471-ITAT-2022(Bang)-TP
  • Tax Payer : Barracuda Networks India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects 10 comparables for SWD, cites qualitative grounds such as amalgamation, acquisition, high-margins

  • In Favour of Both, Partially
  • Citation Number : TS-472-ITAT-2022(PUN)-TP
  • Tax Payer : Optiva India Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD and ITeS segments; Excludes 6, Includes 1, Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-473-ITAT-2022(PUN)-TP
  • Tax Payer : Schlumberger India Technology Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: TPO/DRP not justified in determining ALP of expense-reimbursement at NIL, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-474-ITAT-2022(Mum)-TP
  • Tax Payer : Thyssenkrupp Industrial Solutions (India) Pvt Ltd, (Formerly known as Uhde India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Remits adjustment qua back-office support services as lower authorities passed strange/non-speaking orders

  • In Favour of Both, Partially
  • Citation Number : TS-470-ITAT-2022(DEL)-TP
  • Tax Payer : RBS Services India Pvt Ltd, (Earlier known as ABN Amro Central Enterprises Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SanDisk India's SWD segment, remits recharacterization as agent qua MSS segment

  • In Favour of Both, Partially
  • Citation Number : TS-464-ITAT-2022(Bang)-TP
  • Tax Payer : Sandisk India Device Design Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP of royalty payment considering Unilateral APA for subsequent AYs

  • In Favour of Both, Partially
  • Citation Number : TS-465-ITAT-2022(CHNY)-TP
  • Tax Payer : Kone Elevator India Private Limited
High Court

HC: Confirms ITAT’s order upholding RPM as MAM; Dismisses Revenue’s appeal absent substantial-question of law

  • In Favour of Assessee
  • Citation Number : TS-466-HC-2022(DEL)-TP
  • Tax Payer : Dentsply India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts RPM as MAM to benchmark import transaction; Follows jurisdictional HC in L’oreal India

  • In Favour of Assessee
  • Citation Number : TS-467-ITAT-2022(Mum)-TP
  • Tax Payer : Torrecid India Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s Miscellaneous Application; Treats forex gain as operating in nature

  • In Favour of Assessee
  • Citation Number : TS-469-ITAT-2022(Bang)-TP
  • Tax Payer : Borqs Software Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s additional-ground in remand proceedings, holds assessment-order violative of Sec 144C

  • In Favour of Assessee
  • Citation Number : TS-468-ITAT-2022(CHNY)-TP
  • Tax Payer : YCH Logistics India Private Limited
Income tax Appellate Tribunal

ITAT: Remits issues qua treatment of forex gain and imputing interest on outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-463-ITAT-2022(Bang)-TP
  • Tax Payer : Subex Ltd
Income tax Appellate Tribunal

ITAT: A&M expenses not an international transaction; Remits benchmarking analysis on import of raw materials

  • In Favour of Both, Partially
  • Citation Number : TS-459-ITAT-2022(PUN)-TP
  • Tax Payer : Kimberly-Clark Lever Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables qua assessee's License and Contract Manufacturing Segments, allows working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-460-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec.271(1)(c) penalty since ALP-computation in accordance with Sec.92C

  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2022(Mum)-TP
  • Tax Payer : Sitel India Ltd
Income tax Appellate Tribunal

ITAT: Directs operating-margin to be decided following Indo-Japan MAP resolution; Remits TP-adjustments w.r.t forex fluctuation

  • In Favour of Both, Partially
  • Citation Number : TS-462-ITAT-2022(Bang)-TP
  • Tax Payer : Denso Kirloskar Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds assessee computed ALP in ‘good faith’ and with ‘due diligence’; Deletes Sec.271(1)(c) penalty

  • In Favour of Assessee
  • Citation Number : TS-454-ITAT-2022(Mum)-TP
  • Tax Payer : Sitel India Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment, grants working-capital adjustment following Huawei Technologies, rules on comparables

  • In Favour of Assessee
  • Citation Number : TS-455-ITAT-2022(Bang)-TP
  • Tax Payer : Epson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits interest computation on delayed AE receivables granting 90-day credit period, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-456-ITAT-2022(Bang)-TP
  • Tax Payer : Subex Ltd
Income tax Appellate Tribunal

ITAT: Holds raising non-adjudicable grounds no reason to dismiss entire appeal as not maintainable

  • In Favour of Both, Partially
  • Citation Number : TS-457-ITAT-2022(Bang)-TP
  • Tax Payer : Tenova Technologies Pvt Ltd