Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables for ITeS-provider; Assessee can seek comparable-exclusion included in TP-study

  • In Favour of Assessee
  • Citation Number : TS-310-ITAT-2022(Mum)-TP
  • Tax Payer : Morgan Stanley Advantage Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits issues in manufacturing segment to determine ALP; Holds forex loss/gain as operational income

  • In Favour of Both, Partially
  • Citation Number : TS-311-ITAT-2022(Bang)-TP
  • Tax Payer : Emerson Automation Solutions Intelligent Platforms Pvt Ltd (Formerly GE Intelligent Platforms Pvt. Ltd., and earlier to that
Income tax Appellate Tribunal

ITAT: Includes reimbursement of share based payments as operating cost under TNMM; Deletes TP adjustment

  • In Favour of Assessee
  • Citation Number : TS-309-ITAT-2022(Bang)-TP
  • Tax Payer : Tesco Bengaluru Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds AMP expenditure not a separate international transaction; Upholds CIT(A)’s findings

  • In Favour of Assessee
  • Citation Number : TS-305-ITAT-2022(DEL)-TP
  • Tax Payer : Bacardi India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in ITeS segment, Grants working-capital adjustment; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-307-ITAT-2022(Bang)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s miscellaneous-petition; Excludes functionally-dissimilar Infosys BPO and TCS E-serve Ltd

  • In Favour of Both, Partially
  • Citation Number : TS-306-ITAT-2022(Bang)-TP
  • Tax Payer : Unisys India Private Ltd
Income tax Appellate Tribunal

ITAT: Remits additional ground and evidence w.r.t TP-adjustment on interest on NCDs; Allows assessee’s MP

  • In Favour of Assessee
  • Citation Number : TS-308-ITAT-2022(Bang)-TP
  • Tax Payer : G Corp Spaces Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits for undertaking comparability under CUP using TIPS data; Directs exploration of other methods if CUP fails

  • In Favour of Assessee
  • Citation Number : TS-303-ITAT-2022(Mum)-TP
  • Tax Payer : Dow Chemical International Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables, Remits ALP-determination of management-services' payment; Condones delay for filing appeal

  • In Favour of Both, Partially
  • Citation Number : TS-301-ITAT-2022(DEL)-TP
  • Tax Payer : Mavenir India pvt ltd
Income tax Appellate Tribunal

ITAT: Allows custom-duty adjustment plea, remits calculation; Deletes TP-adjustment on technical services fees

  • In Favour of Both, Partially
  • Citation Number : TS-302-ITAT-2022(PUN)-TP
  • Tax Payer : India Kawasaki Motors Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 4, remits 3 comparables for ITeS provider; Remits working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-304-ITAT-2022(Bang)-TP
  • Tax Payer : Acuity Knowledge Center (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for Design Engineering Services, Disallows foreign R&D expenditure for weighted deduction u/s 35(2AB)

  • In Favour of Both, Partially
  • Citation Number : TS-300-ITAT-2022(PUN)-TP
  • Tax Payer : Mahle Behr India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies US AE MAP margins to Non-US AE transactions; Rules on comparables-selection for MSS

  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2022(Bang)-TP
  • Tax Payer : Texas Instruments (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection, Follows precedents; Directs separate benchmarking for Consulting Practice Division

  • In Favour of Assessee
  • Citation Number : TS-298-ITAT-2022(Mum)-TP
  • Tax Payer : Frost & Sullivan (India) Private Limited
Income tax Appellate Tribunal

ITAT: Segregates ‘Professional Charges paid’ from other international transactions; Observes all methods open for ALP determination

  • In Favour of Assessee
  • Citation Number : TS-299-ITAT-2022(PUN)-TP
  • Tax Payer : Faurecia Automotive Seating India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec. 271G-penalty; Cites practical difficulty in information maintenance for diamond-merchants

  • In Favour of Assessee
  • Citation Number : TS-294-ITAT-2022(Mum)-TP
  • Tax Payer : Dharmanandan Diamonds (P) Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination for deemed international transaction of television content production fees; Directs fresh consideration

  • In Favour of Both, Partially
  • Citation Number : TS-296-ITAT-2022(Mum)-TP
  • Tax Payer : Fremantle India Television Productions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Ericsson India's appeal as withdrawn citing resolution of TP-issue under Unilateral-APA

  • In Favour of Assessee
  • Citation Number : TS-295-ITAT-2022(DEL)-TP
  • Tax Payer : Ericsson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables in ITeS segment; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-293-ITAT-2022(DEL)-TP
  • Tax Payer : FIL Research (India) P Ltd
Income tax Appellate Tribunal

ITAT: Upholds corporate-guarantee fee ALP at 0.5%; Confirms deletion of TP-adjustment for SDTs

  • In Favour of Assessee
  • Citation Number : TS-290-ITAT-2022(Kol)-TP
  • Tax Payer : Electrosteel Castings Ltd