Rulings ( 11972 results )

Filters
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables, excludes 2 for MSS segment; Follows Electronics Imaging

  • In Favour of Assessee
  • Citation Number : TS-129-ITAT-2022(Bang)-TP
  • Tax Payer : Texas Instruments (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for BPO service provider, excludes 3, includes 2; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-128-ITAT-2022(Mum)-TP
  • Tax Payer : Morgan Stanley Advantage Services Pvt Ltd
High Court

HC: Holds resolution of ground of delayed issuance of notice of assessment as 'preliminary issue' before adjudication of other issues

  • In Favour of Both, Partially
  • Citation Number : TS-714-HC-2021(MAD)-TP
  • Tax Payer : Dormakaba India Private Ltd
Income tax Appellate Tribunal

ITAT: Upholds 5% as ALP rate of royalty and RPM as ‘MAM’ for Diesel Fashions’ routine distributor functions

  • In Favour of Assessee
  • Citation Number : TS-127-ITAT-2022(Mum)-TP
  • Tax Payer : Diesel Fashion India Reliance Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits verification of ‘documentary evidence’ for cost recoveries; Upholds 6% as ALP interest on AE loan

  • In Favour of Both, Partially
  • Citation Number : TS-126-ITAT-2022(DEL)-TP
  • Tax Payer : Jubilant Life Sciences Ltd
High Court

HC: Quashes assessment order passed during pendency of reference before DRP, directs for fresh order

  • In Favour of Assessee
  • Citation Number : TS-125-HC-2022(BOM)-TP
  • Tax Payer : Hactom Agro Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds ‘NIL’ ALP for IGS sans documentary evidence; No prejudice against similar claim for other AYs

  • In Favour of Revenue
  • Citation Number : TS-124-ITAT-2022(DEL)-TP
  • Tax Payer : Akzo Nobel India Ltd., (formerly known as Akzo Nobel Car Refinishes India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Accepts ALP of royalty, interest payments on INR denominated CCDs as determined by assessee, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-122-ITAT-2022(Bang)-TP
  • Tax Payer : Praxair India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on the selection of comparables for ITeS; Excludes 3, Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-120-ITAT-2022(Bang)-TP
  • Tax Payer : Acuity Knowledge Centre (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Pardons assessee's first unintentional and bonafide mistake of non-filing of Form 3CEB; Deletes 271BA penalty

  • In Favour of Assessee
  • Citation Number : TS-121-ITAT-2022(Ahd)-TP
  • Tax Payer : Faith Intertrade
Income tax Appellate Tribunal

ITAT: Upholds RPM as ‘MAM’ for routine distributor functions; Highlights TPO’s power to obtain comparable information

  • In Favour of Assessee
  • Citation Number : TS-119-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Industries Engine India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s deletion of disallowance u/s 10A made basis adjusted ALP of ITES to AE

  • In Favour of Assessee
  • Citation Number : TS-116-ITAT-2022(PUN)-TP
  • Tax Payer : Romax Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables in 4 segments; Allows working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-117-ITAT-2022(Mum)-TP
  • Tax Payer : Red Hat India Private Limited
Income tax Appellate Tribunal

ITAT: Directs application of 25% export sales to sales filter for selection of comparables, Rules on IGS

  • In Favour of Both, Partially
  • Citation Number : TS-118-ITAT-2022(PUN)-TP
  • Tax Payer : Nalco Water India Limited
Income tax Appellate Tribunal

ITAT: Deletes the TP-adjustment proposed for royalty as a separate international transaction; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-115-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Kirloskar Motor P. Ltd
Income tax Appellate Tribunal

ITAT: Rejects comparables basis functional dissimilarity; Upholds CIT(A) order, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-114-ITAT-2022(Bang)-TP
  • Tax Payer : Xchanging Solutions Ltd (formerly Cambridge Solutions Limited)
Income tax Appellate Tribunal

ITAT: Imputes LIBOR+2% as ALP interest on outstanding AE-receivables; Restricts ALP adjustment to AE-transactions

  • In Favour of Both, Partially
  • Citation Number : TS-113-ITAT-2022(Bang)-TP
  • Tax Payer : Bioplus Life Sciences Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Miscellaneous Petition w.r.t TP adjustment on outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-111-ITAT-2022(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solution India Pvt Ltd
High Court

HC: Exercises writ-jurisdiction; Sets aside TP-order passed without considering assessee's submissions; Orders denovo consideration with personal hearing

  • In Favour of Both, Partially
  • Citation Number : TS-112-HC-2022(BOM)-TP
  • Tax Payer : CapitalG International LLC
Income tax Appellate Tribunal

ITAT: Excludes 1, includes 1 comparable, Restricts TP adjustment to international transactions entered with AEs

  • In Favour of Both, Partially
  • Citation Number : TS-106-ITAT-2022(Bang)-TP
  • Tax Payer : FMC India Pvt Ltd