Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables in ITeS segment; Follows Veritas Software Technology ruling

  • In Favour of Both, Partially
  • Citation Number : TS-433-ITAT-2022(PUN)-TP
  • Tax Payer : Ventura India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds AMP-spend not international transaction given Revenue's failure to establish presence of agreement; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-432-ITAT-2022(PUN)-TP
  • Tax Payer : Ferrero India Pvt Ltd
Foreign Court

FC: Dutch Court of Appeal: Rules on allocation of debt/equity to Libyan PE; Considers TP-Master File over advisory report

  • In Favour of Both, Partially
  • Citation Number : TS-431-FC-2022(NETH)-TP
  • Tax Payer : Dutch Taxpayer
Income tax Appellate Tribunal

ITAT: Deletes adjustments qua AE-sales, alleged commission; Allows assessee's claim of quantity discount

  • In Favour of Assessee
  • Citation Number : TS-430-ITAT-2022(Ahd)-TP
  • Tax Payer : Atul Limited
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment and Sec.37 disallowance qua Whirlpool India's AMP spend, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-429-ITAT-2022(DEL)-TP
  • Tax Payer : Whirlpool of India Ltd
Income tax Appellate Tribunal

ITAT: Cannot disallow assessee's royalty payment citing non-charging of royalty by AE, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-428-ITAT-2022(Ahd)-TP
  • Tax Payer : KHS Machinery Pvt . Ltd
Income tax Appellate Tribunal

ITAT: High PLI not indicative of 'extraordinary profit' to deny 80IA/10AA deduction; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-427-ITAT-2022(PUN)-TP
  • Tax Payer : Eaton Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TPO-order passed one day beyond time-limit u/s. 153 as bad in law; Follows Pfizer-ruling

  • In Favour of Assessee
  • Citation Number : TS-426-ITAT-2022(Bang)-TP
  • Tax Payer : Sigma Aldrich Chemicals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assessment-order time-barred u/s.153; Sec.144C inapplicable to AY 2007-08, follows Vedanta HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-423-ITAT-2022(CHNY)-TP
  • Tax Payer : Pearson India Education Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits benchmarking of interest on outstanding AE receivables; Follows Zeta Interactive ruling

  • In Favour of Both, Partially
  • Citation Number : TS-424-ITAT-2022(HYD)-TP
  • Tax Payer : Satyam Venture Engineering Services Private Limited
Income tax Appellate Tribunal

ITAT: Holds TPO’s order passed beyond time limit; Follows Pfizer Healthcare ruling

  • In Favour of Assessee
  • Citation Number : TS-425-ITAT-2022(Mum)-TP
  • Tax Payer : Accenture Services Pvt Ltd (Now merges with and known as M/s Accenture Solutions Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Holds short term advances as loans and allows interest adjustment; Deletes adjustment made to the liaison fee

  • In Favour of Both, Partially
  • Citation Number : TS-422-ITAT-2022(Ahd)-TP
  • Tax Payer : Kalpataru Power Transmission Ltd
Income tax Appellate Tribunal

ITAT: Holds power procured by non-eligible unit from SEB appropriate internal comparable to benchmark SDT

  • In Favour of Assessee
  • Citation Number : TS-419-ITAT-2022(Kol)-TP
  • Tax Payer : Philips Carbon Black Ltd
Income tax Appellate Tribunal

ITAT: Confirms deletion of adjustments qua shareholders’ deposit, hypothetical income, guarantee; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-420-ITAT-2022(Mum)-TP
  • Tax Payer : The Bombay Dyeing & Mfg Co Limited
Income tax Appellate Tribunal

ITAT: Quashes TPO's order u/s 92CA r.w.s 153 as barred by limitation; Follows Pfizer ruling

  • In Favour of Assessee
  • Citation Number : TS-421-ITAT-2022(Mum)-TP
  • Tax Payer : Emerson Electric Company (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds assessee's 'yield spread' method for benchmarking corporate guarantee @ 0.35%

  • In Favour of Assessee
  • Citation Number : TS-418-ITAT-2022(Mum)-TP
  • Tax Payer : Sikka Ports & Terminals Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for SWD and ITeS, Adjudicates on working capital adjustment; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-414-ITAT-2022(Bang)-TP
  • Tax Payer : Altisource Business Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for investment advisory services; Deletes TP-adjustment qua interest on FCDs

  • In Favour of Assessee
  • Citation Number : TS-416-ITAT-2022(Mum)-TP
  • Tax Payer : Altico Capital India Pvt Ltd (Formerly Clearwater Capital Partners (I) Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Upholds reduction of guarantee commission rate to 0.5% from 1.04%; Follows Everest Kanto

  • In Favour of Assessee
  • Citation Number : TS-417-ITAT-2022(Mum)-TP
  • Tax Payer : S Kumars Nationwide Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing outsourcing of work, involvement in fraudulent activity; Allows depreciation-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-413-ITAT-2022(Bang)-TP
  • Tax Payer : 24/7 Customer Pvt Ltd