Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Dismisses assessee's appeal, holds comparables' selection attained finality in earlier round

  • In Favour of Revenue
  • Citation Number : TS-410-ITAT-2022(HYD)-TP
  • Tax Payer : Astrix Laboratories Ltd
Income tax Appellate Tribunal

ITAT: Deletes primary and secondary adjustments qua AMP spend for L'Oreal India; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-409-ITAT-2022(Mum)-TP
  • Tax Payer : L’Oreal India Private Limited
Income tax Appellate Tribunal

ITAT: Quashes assessment order barred by limitation; income-variation, not tax-rate, precondition to invoke 144C

  • In Favour of Assessee
  • Citation Number : TS-412-ITAT-2022(CHNY)-TP
  • Tax Payer : Worldpart Limited
Income tax Appellate Tribunal

ITAT: Remits adjustments qua forex fluctuation, depreciation, capacity utilization, working capital etc; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-411-ITAT-2022(Bang)-TP
  • Tax Payer : Tokai Rika Minda India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables; Calls the difference between functions of a manufacturer and assembler

  • In Favour of Assessee
  • Citation Number : TS-405-ITAT-2022(Mum)-TP
  • Tax Payer : Hydac (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TPO reference for SDT invalid given ommission of Sec 92BA(i); Directs examination u/s. 40A(2)(b)

  • In Favour of Assessee
  • Citation Number : TS-406-ITAT-2022(Mum)-TP
  • Tax Payer : Edelweiss Rural & Corporate Services Limited (Earlier known as M/s. Edelweiss Commodities Services Limited)
Income tax Appellate Tribunal

ITAT: Determines corporate guarantee commission @ 0.40%; Applies internal CUP to benchmark interest

  • In Favour of Assessee
  • Citation Number : TS-407-ITAT-2022(Mum)-TP
  • Tax Payer : Greatship (India) Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on brokerage commission; Holds TNMM as MAM

  • In Favour of Assessee
  • Citation Number : TS-408-ITAT-2022(Mum)-TP
  • Tax Payer : CLSA India Ltd.
Income tax Appellate Tribunal

ITAT: Directs AO to pass consequential orders, TP addition reduced to NIL post rectification

  • In Favour of Revenue
  • Citation Number : TS-401-ITAT-2022(Bang)-TP
  • Tax Payer : EMC Software and Services India P Ltd
Income tax Appellate Tribunal

ITAT: Confirms determination of corporate guarantee commission @ 0.50%; Follows Everest Kanto

  • In Favour of Assessee
  • Citation Number : TS-402-ITAT-2022(Mum)-TP
  • Tax Payer : Allcargo Logistics Ltd
Income tax Appellate Tribunal

ITAT: Directs use of internal comparable as against external under TNMM; Follows e4e Business Solutions

  • In Favour of Assessee
  • Citation Number : TS-403-ITAT-2022(Bang)-TP
  • Tax Payer : Technicolor India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD/ITeS segments, applies 200 cr turnover filter; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-404-ITAT-2022(Bang)-TP
  • Tax Payer : Mindteck India Limited
Income tax Appellate Tribunal

ITAT: Accepts assessee’s TNMM over TPO’s CUP as MAM; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2022(HYD)-TP
  • Tax Payer : Zuari Cement Limited
Income tax Appellate Tribunal

ITAT: Holds Sec 92CA TP-order barred by limitation u/s 92CA(3A) r.w.s. 153; Follows Pfizer Healthcare ruling

  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2022(Bang)-TP
  • Tax Payer : Unisys India Private Limited
Income tax Appellate Tribunal

ITAT: Royalty paid to AE within RBI-approved rate, deletes addition; Fixes guarantee commission @ 0.5%

  • In Favour of Assessee
  • Citation Number : TS-400-ITAT-2022(SUR)-TP
  • Tax Payer : Huber Group India Pvt Ltd (Formerly Known As Micro Inks Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds RPM as MAM for routine-distributor functions; Rules on comparables for SWD-services

  • In Favour of Both, Partially
  • Citation Number : TS-397-ITAT-2022(Bang)-TP
  • Tax Payer : Harman International (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rejects aggregation of transactions sans common agreement, order; Directs adoption of prior years' approach

  • In Favour of Revenue
  • Citation Number : TS-396-ITAT-2022(Mum)-TP
  • Tax Payer : Liebherr India Private Limited
Income tax Appellate Tribunal

ITAT: Agrees that management-fee payment be benchmarked on composite transaction basis, Rejects NIL ALP

  • In Favour of Assessee
  • Citation Number : TS-394-ITAT-2022(Bang)-TP
  • Tax Payer : Capgemini Technology Services India Ltd [formerly AXA Group Solutions Pvt Ltd]
Income tax Appellate Tribunal

ITAT: Invalidates reference to TPO being contrary to Instruction No.3/2016; Deletes addition

  • In Favour of Assessee
  • Citation Number : TS-395-ITAT-2022(Bang)-TP
  • Tax Payer : Rittal India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds DRP empowered to rectify mistakes suo-moto by issuing SCN, not on TPO's request; Follows Shapoorji

  • In Favour of Assessee
  • Citation Number : TS-393-ITAT-2022(Mum)-TP
  • Tax Payer : SP Armada Oil Exploration Limited