Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD segment, Excludes 4, remits 3 and includes 1; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-214-ITAT-2022(Bang)-TP
  • Tax Payer : Cypress Semiconductor Technology India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s direction to delete Sec 271(1)(c) penalty on TP-adjustment given relied in quantum proceedings

  • In Favour of Assessee
  • Citation Number : TS-208-ITAT-2022(PUN)-TP
  • Tax Payer : Rieter India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables in ITeS segment, Excludes 3; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-209-ITAT-2022(DEL)-TP
  • Tax Payer : WNS Business Consulting Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for Manufacturing and SWD segment; Remits issues on adjustments qua capacity, customs duty, forex fluctuations

  • In Favour of Both, Partially
  • Citation Number : TS-210-ITAT-2022(Bang)-TP
  • Tax Payer : Continental Automotive Components India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment made on account of outstanding AE receivables; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-206-ITAT-2022(DEL)-TP
  • Tax Payer : Trend Micro India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD and ITeS segment; Deletes negative working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-205-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua payment of Management Services' and Global Client Management Fee; Considers AE as tested party

  • In Favour of Both, Partially
  • Citation Number : TS-204-ITAT-2022(Mum)-TP
  • Tax Payer : ISS Facility Services India Private Limited
Income tax Appellate Tribunal

ITAT: Directs re-examination of PLI computation reducing pre-operative expenses following IKA India ruling; Restricts TP-adjustment to AE transactions

  • In Favour of Assessee
  • Citation Number : TS-207-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Tsusho India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables in ITeS segment, follows precedent; Directs no negative working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-200-ITAT-2022(Bang)-TP
  • Tax Payer : Conduent Business Services India LLP
Income tax Appellate Tribunal

ITAT: Upholds TP adjustment on interest-free advances, corporate guarantee; Restores ALP determination of purchases

  • In Favour of Both, Partially
  • Citation Number : TS-201-ITAT-2022(Bang)-TP
  • Tax Payer : United Spirits Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for SWD and ITES; Deletes addition for alleged agency for money transfer activities

  • In Favour of Both, Partially
  • Citation Number : TS-202-ITAT-2022(Bang)-TP
  • Tax Payer : Transworld ICT Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers assessee’s submissions; Dismisses appeal as withdrawn for AY 2015-16

  • In Favour of Assessee
  • Citation Number : TS-203-ITAT-2022(PUN)-TP
  • Tax Payer : Dream Plast India Pvt Ltd
High Court

HC: Madras HC dismisses Revenue's writ appeal on limitation period for TPO's order

  • In Favour of Assessee
  • Citation Number : TS-199-HC-2022(MAD)-TP
  • Tax Payer : PFIZER HEALTHCARE INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Restores the TP issue on corporate guarantee and interest on AE loans to CIT(A); Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-198-ITAT-2022(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables, treats forex fluctuation as operating; Holds no negative WC adjustment

  • In Favour of Assessee
  • Citation Number : TS-196-ITAT-2022(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes upward TP adjustment on AE receivables for delayed payment; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-195-ITAT-2022(CHNY)-TP
  • Tax Payer : Vestas Technology R&D Chennai Private Limited
Income tax Appellate Tribunal

ITAT: Remands various issues such as ALP determination, forex fluctuations, depreciation and working capital adjustment for fresh analysis

  • In Favour of Both, Partially
  • Citation Number : TS-194-ITAT-2022(Bang)-TP
  • Tax Payer : Tokai Rika Minda India Private Limited
Income tax Appellate Tribunal

ITAT: Condones delayed filing of objections during Covid lockdown; Directs DRP to reconsider the matter

  • In Favour of Assessee
  • Citation Number : TS-197-ITAT-2022(HYD)-TP
  • Tax Payer : Sresta Natural Bioproducts Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD and P&T segments; Allows working-capital adjustment on actuals

  • In Favour of Both, Partially
  • Citation Number : TS-193-ITAT-2022(Bang)-TP
  • Tax Payer : Tyco Fire & Security India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes interest adjustment on share application money; Considers LIBOR plus 300 basis point on advances recoverable

  • In Favour of Assessee
  • Citation Number : TS-192-ITAT-2022(Mum)-TP
  • Tax Payer : Strides Pharma Science Ltd