Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Separate AMP adjustment not required as Lenovo’s trading margins at ALP; Accepts CUP for manufacturing segment

  • In Favour of Assessee
  • Citation Number : TS-148-ITAT-2022(Bang)-TP
  • Tax Payer : Lenovo (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds LIBOR+Markup as benchmark for interest on loans to AE; Clarifies implications of Tata Autocomp ruling

  • In Favour of Both, Partially
  • Citation Number : TS-150-ITAT-2022(Mum)-TP
  • Tax Payer : Oriental Aromatics Ltd
Income tax Appellate Tribunal

ITAT: Upholds relevance of broad similarity under TNMM; Allows working capital adjustment following Huawei Technologies

  • In Favour of Both, Partially
  • Citation Number : TS-147-ITAT-2022(Bang)-TP
  • Tax Payer : Walvoil Fluid Power India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment on alleged brand enhancement of Hyundai Motor Corp, takes consistent view

  • In Favour of Assessee
  • Citation Number : TS-146-ITAT-2022(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd
Income tax Appellate Tribunal

ITAT: Denies delayed appeal against revisionary order as 'afterthought'; Rules on comparables in ITeS Segment

  • In Favour of Both, Partially
  • Citation Number : TS-145-ITAT-2022(Bang)-TP
  • Tax Payer : Vee Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: TP-adjustment cannot exceed amount of margin retained by AE; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-143-ITAT-2022(Mum)-TP
  • Tax Payer : Trigyn Technologies Ltd.
Income tax Appellate Tribunal

ITAT: Remits benchmarking based on similar manufacturing comparables & advances written-off, claimed as extraordinary

  • In Favour of Both, Partially
  • Citation Number : TS-144-ITAT-2022(Bang)-TP
  • Tax Payer : Indo Spanish Tasty Foods Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds ALP of interest on outstanding payables at 'Nil', absent similar payment to non-AEs

  • In Favour of Revenue
  • Citation Number : TS-142-ITAT-2022(Mum)-TP
  • Tax Payer : Peri (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables in SWD segment; Remits issue of interest on receivables

  • In Favour of Both, Partially
  • Citation Number : TS-141-ITAT-2022(Bang)-TP
  • Tax Payer : Cypress Semiconductor Technology India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Total revenue of Assessee & AE cannot exceed actual amount billed to customer; Upholds 5% markup

  • In Favour of Assessee
  • Citation Number : TS-139-ITAT-2022(Mum)-TP
  • Tax Payer : Softdel Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows additional legal ground, remits appeal to DRP for verification of AO’s jurisdiction

  • In Favour of Assessee
  • Citation Number : TS-140-ITAT-2022(Bang)-TP
  • Tax Payer : SAP LABS India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Upholds RPM for standalone international transaction of purchase of traded goods, absent any change in FAR

  • In Favour of Assessee
  • Citation Number : TS-137-ITAT-2022(DEL)-TP
  • Tax Payer : Grohe India Private Ltd
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables for contract service provider; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-138-ITAT-2022(Bang)-TP
  • Tax Payer : Micro Semi Storage Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds no TP-adjustment warranted if expenditure incurred and reimbursed by AE was part of working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-136-ITAT-2022(Bang)-TP
  • Tax Payer : Amicorp Management India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts classification as trader, not manufacturer, for first year of operations; Directs fresh benchmarking exercise

  • In Favour of Both, Partially
  • Citation Number : TS-132-ITAT-2022(Mum)-TP
  • Tax Payer : Toto India Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds guarantee commission fee of 0.6 % recovered on standby letter for AE; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-135-ITAT-2022(Bang)-TP
  • Tax Payer : Hasham Traders
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables in ITeS segment for captive servie-provider; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-133-ITAT-2022(Bang)-TP
  • Tax Payer : Goldman Sachs Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remands the ‘Payment of corporate guarantee’ for benchmarking as international transaction; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-134-ITAT-2022(Mum)-TP
  • Tax Payer : Peri (India) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds upper turnover filter of 100 crores; Holds AO’s prima facie view sufficient for TP reference

  • In Favour of Both, Partially
  • Citation Number : TS-131-ITAT-2022(Bang)-TP
  • Tax Payer : Transworld ICT Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables for SWD segment; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-130-ITAT-2022(Bang)-TP
  • Tax Payer : IDS Software Solutions Pvt Ltd