Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Holds interest on AE receivables as separate international transaction; Directs TPO to consider 90 days credit

  • In Favour of Both, Partially
  • Citation Number : TS-391-ITAT-2022(Bang)-TP
  • Tax Payer : Outsourcepartners International Pvt Ltd
Income tax Appellate Tribunal

ITAT: No profit attributable to assessee after IP sold to AE, follows earlier orders; Confirms guarantee commission @ 1.6%

  • In Favour of Both, Partially
  • Citation Number : TS-392-ITAT-2022(HYD)-TP
  • Tax Payer : DQ Entertainment (International) Ltd
Income tax Appellate Tribunal

ITAT: Interprets DRP Rules, Holds no power with TPO to file rectification plea

  • In Favour of Both, Partially
  • Citation Number : TS-390-ITAT-2022(Mum)-TP
  • Tax Payer : Shapoorji Pallonji Bumi Armada Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for SWD services, follows Salesforce ruling; Remits interest on delayed AE receivables

  • In Favour of Both, Partially
  • Citation Number : TS-387-ITAT-2022(Bang)-TP
  • Tax Payer : Altisource Business Solutions Private Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to AE transaction only; Disposes Revenue’s appeal ex-parte given assessee's non-appearance

  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2022(Ahd)-TP
  • Tax Payer : Kemrock Industries & Exports Ltd
Income tax Appellate Tribunal

ITAT: Directs separate benchmarking of interest on AE-receivables, Re-computation beyond agreed credit period

  • In Favour of Both, Partially
  • Citation Number : TS-389-ITAT-2022(Mum)-TP
  • Tax Payer : Enem Nostrum Remedies Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee's appeal against FAO passed after rectifying OGE as appeal grounds did not emanate from FAO

  • In Favour of Revenue
  • Citation Number : TS-385-ITAT-2022(Bang)-TP
  • Tax Payer : IBM India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A) order deleting adjustment qua inter-unit SDTs; Takes into consideration various incentives available to eligible unit

  • In Favour of Assessee
  • Citation Number : TS-386-ITAT-2022(GAU)-TP
  • Tax Payer : Greenply Industries Limited
Income tax Appellate Tribunal

ITAT: Accepts internal TNMM as MAM to determine ALP; Alternatively applies external TNMM basis broad functionality

  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2022(Mum)-TP
  • Tax Payer : Huhtamaki India Limited (earlier known as to Huhtamaki PPL Limited)
Income tax Appellate Tribunal

ITAT: Affirms CPM as MAM for contract-manufacturing, deletes adjustment qua inter-unit SDTs

  • In Favour of Assessee
  • Citation Number : TS-382-ITAT-2022(Kol)-TP
  • Tax Payer : Deepak Industries Ltd
Income tax Appellate Tribunal

ITAT: Holds draft assessment-order passed alongwith demand & penalty notice as null & void; Quashes order

  • In Favour of Assessee
  • Citation Number : TS-384-ITAT-2022(Mum)-TP
  • Tax Payer : Aker Powergas Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms deletion of TP-adjustment qua outstanding AE receivables; Follows Kusum Healthcare

  • In Favour of Assessee
  • Citation Number : TS-380-ITAT-2022(DEL)-TP
  • Tax Payer : iQor India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for Citrix's SWD, ITeS segments, allows working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-381-ITAT-2022(Bang)-TP
  • Tax Payer : Citrix R&D India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD-service segment; Excludes Thirdware Solutions as no segmental results available

  • In Favour of Assessee
  • Citation Number : TS-378-ITAT-2022(PUN)-TP
  • Tax Payer : E-Gain Communications Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes ALP-adjustment on interest free optionally convertible debentures; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-379-ITAT-2022(Mum)-TP
  • Tax Payer : TV 18 Broadcast Limited
Income tax Appellate Tribunal

ITAT: Directs exclusion of damages, being abnormal cost, from operating cost; Excludes Megasoft Ltd being functionally dissimilar

  • In Favour of Assessee
  • Citation Number : TS-377-ITAT-2022(PUN)-TP
  • Tax Payer : Cognizant Technology Solutions India Pvt Ltd(as a successor of Cognizant India Pvt Ltd) formerly T-Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Calls-out assessee's flip-flop between CUP and TNMM, Directs making of crystal-clear choice; Rejects blind aggregation of transactions

  • In Favour of Both, Partially
  • Citation Number : TS-376-ITAT-2022(Ahd)-TP
  • Tax Payer : Gujarat Microwax Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds inclusion of sub-contracting charge in operating cost for SWD services, imputes LIBOR+2% on AE receivables

  • In Favour of Both, Partially
  • Citation Number : TS-373-ITAT-2022(Bang)-TP
  • Tax Payer : Applied Materials India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits benchmarking of SWD services using internal TNMM noting TPO's contradictory observations, follows earlier decisions

  • In Favour of Assessee
  • Citation Number : TS-375-ITAT-2022(Bang)-TP
  • Tax Payer : Brillio Technologies Pvt Ltd (Formerly known as M/s. Collabera Solutions Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Excludes comparables under SWD services and ITeS segments due to functional dissimilarity, follows earlier decisions

  • In Favour of Assessee
  • Citation Number : TS-374-ITAT-2022(PUN)-TP
  • Tax Payer : Schlumberger India Technology Centre Pvt Ltd