Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Adopts GP/Sales for assessee’s Auto component manufacturing segment, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-292-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Industries Engine India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows ‘Other Method’ as MAM for benchmarking call-centre service income; Permits change of MAM selection

  • In Favour of Assessee
  • Citation Number : TS-291-ITAT-2022(Mum)-TP
  • Tax Payer : First Credit ITES P Ltd
Income tax Appellate Tribunal

ITAT: Allows deduction u/s 10AA; OP/OC PLI concept relevant only for TP-analysis, Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-288-ITAT-2022(PUN)-TP
  • Tax Payer : Eaton Technologies Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec.37(1) disallowance; Dismisses royalty-payment adjustment, protective-adjustment in view of MAP settlement

  • In Favour of Assessee
  • Citation Number : TS-289-ITAT-2022(DEL)-TP
  • Tax Payer : JCB India Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t reimbursement of out of pocket expenses incurred by Capgemini India

  • In Favour of Assessee
  • Citation Number : TS-287-ITAT-2022(Mum)-TP
  • Tax Payer : Capgemini India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Management-fee and technology license fee interlinked with manufacturing-activity; Accepts TNMM over hypothetical CUP

  • In Favour of Both, Partially
  • Citation Number : TS-285-ITAT-2022(Bang)-TP
  • Tax Payer : Bostik India Private Limited
Income tax Appellate Tribunal

ITAT: Adjudicates on TP adjustment for guarantee and benchmarking export of finished goods; Remits for fresh consideration

  • In Favour of Both, Partially
  • Citation Number : TS-284-ITAT-2022(DEL)-TP
  • Tax Payer : Jubilant Pharmova Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment on imputed interest on outstanding AE receivables; Dismisses stay application

  • In Favour of Assessee
  • Citation Number : TS-286-ITAT-2022(DEL)-TP
  • Tax Payer : Orange Business Services India Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for SWD segment, remits TP-adjustment for interest on AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-283-ITAT-2022(Bang)-TP
  • Tax Payer : Xchanging Solutions Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates on comparables-selection, margin dispute in respect of software-development services segment

  • In Favour of Both, Partially
  • Citation Number : TS-282-ITAT-2022(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables; Includes one in SWD segment, excludes one in BSS segment

  • In Favour of Both, Partially
  • Citation Number : TS-281-ITAT-2022(PUN)-TP
  • Tax Payer : BMC Software India Pvt Ltd
High Court

HC: Sets aside assessment order passed on non-existent amalgamated companies of Cognizant Group; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-280-HC-2022(MAD)-TP
  • Tax Payer : Cognizant Technology Solutions India P. Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination for payment of management services; Directs consideration of AAR case

  • In Favour of Both, Partially
  • Citation Number : TS-276-ITAT-2022(Bang)-TP
  • Tax Payer : Mersen India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s deletion of TP-adjustment on sales and marketing services; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-278-ITAT-2022(Ahd)-TP
  • Tax Payer : Gulbrandsen Chemicals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts CUP as MAM to determine ALP for consultancy services; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-277-ITAT-2022(Mum)-TP
  • Tax Payer : Towers Watson India Private Limited
Income tax Appellate Tribunal

ITAT: Accepts CUP as MAM under manufacturing segment; Remits AMP-adjustment for establishing existence of international-transaction

  • In Favour of None/NA
  • Citation Number : TS-279-ITAT-2022(Bang)-TP
  • Tax Payer : Lenovo (India) Pvt. Ltd
Foreign Court

FC: Danish HC holds discretionary assessment as incorrect; Remits TP-issues for fresh consideration

  • In Favour of Both, Partially
  • Citation Number : TS-275-FC-2022(DEN)-TP
  • Tax Payer : Danish taxpayer
Income tax Appellate Tribunal

ITAT: Delay in appeal disposal not attributable to assessee; Extends stay, Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-270-ITAT-2022(Bang)-TP
  • Tax Payer : Volvo Group India Pvt. Ltd. [formerly Volvo India Pvt. Ltd.]
Income tax Appellate Tribunal

ITAT: Allows assessee’s miscellaneous-petition, rectifies Tribunal’s order w.r.t comparables selection, working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-273-ITAT-2022(Bang)-TP
  • Tax Payer : Marlabs Innovations Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rectifies Tribunal’s order; Excludes functionally dissimilar Acropetal Technologies Ltd

  • In Favour of Assessee
  • Citation Number : TS-272-ITAT-2022(Bang)-TP
  • Tax Payer : Quest Global Engineering Services Pvt Ltd