Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Excludes 2 comparables; Deletes TP Adjustment for marketing support services

  • In Favour of Assessee
  • Citation Number : TS-108-ITAT-2022(Mum)-TP
  • Tax Payer : Asus India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination for certification services rendered, payment of royalty, IT and management fees; Rules on ITES comparables

  • In Favour of Both, Partially
  • Citation Number : TS-110-ITAT-2022(Bang)-TP
  • Tax Payer : UL India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits determination of ALP for Licence manufacturing segment, Information Service payment

  • In Favour of Both, Partially
  • Citation Number : TS-107-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity India Pvt Ltd
High Court

HC: Accepts foreign AE's selection as tested-party, Espouses principle of least complex entity being tested-party

  • In Favour of Assessee
  • Citation Number : TS-109-HC-2022(CAL)-TP
  • Tax Payer : Almatis Alumina Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment orders passed beyond time limit u/s 153; Holds Sec.144C inapplicable prior to AY 2010-11

  • In Favour of Assessee
  • Citation Number : TS-105-ITAT-2022(SUR)-TP
  • Tax Payer : Bilag Industries P Ltd
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables failing upper turnover filter; Follows Autodesk India

  • In Favour of Both, Partially
  • Citation Number : TS-104-ITAT-2022(Bang)-TP
  • Tax Payer : Radisys India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on financial transactions of Torrent Pharma; Deletes notional interest on O/s share application money

  • In Favour of Both, Partially
  • Citation Number : TS-101-ITAT-2022(Ahd)-TP
  • Tax Payer : Torrent Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT: Accepts unaudited segmental results for ALP-determination of BPO-segment, remits ALP-determination of performance guarantee

  • In Favour of Both, Partially
  • Citation Number : TS-103-ITAT-2022(Mum)-TP
  • Tax Payer : Teleperformance Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses ground on TP adjustment in view of APA resolution

  • In Favour of Assessee
  • Citation Number : TS-102-ITAT-2022(Bang)-TP
  • Tax Payer : Infinera India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables for SWD, excludes 4, includes 1; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-100-ITAT-2022(Bang)-TP
  • Tax Payer : Sharp Software Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs use of internal comparables over external comparables, Remits the issue of benchmarking international transaction

  • In Favour of Both, Partially
  • Citation Number : TS-97-ITAT-2022(Bang)-TP
  • Tax Payer : Sami –Sabinsa Group Ltd
Income tax Appellate Tribunal

ITAT: Remands issue of characterization of assessee’s business; Directs de-novo verification considering assessee’s FAR analysis

  • In Favour of Assessee
  • Citation Number : TS-99-ITAT-2022(Bang)-TP
  • Tax Payer : Talisma Corporation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds existence of arrangement as a quintessential for AMP adjustment; Remits IBMs case

  • In Favour of Both, Partially
  • Citation Number : TS-98-ITAT-2022(Bang)-TP
  • Tax Payer : IBM India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs inclusion of companies wrongly excluded basis DRP’s erroneous presumption; Grants working capital adjustment at actuals

  • In Favour of Assessee
  • Citation Number : TS-95-ITAT-2022(Bang)-TP
  • Tax Payer : Tenova Technologies Pvt Ltd
High Court

HC: Admits assessee’s writ; Directs excess tax to be refunded as a logical consequence of remand of original appellate proceedings

  • In Favour of Assessee
  • Citation Number : TS-96-HC-2022(KAR)-TP
  • Tax Payer : TE Connectivity India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables' selection for Goldman-Sachs; Gives precedence to public-domain information over selective 133(6) data

  • In Favour of Both, Partially
  • Citation Number : TS-93-ITAT-2022(Mum)-TP
  • Tax Payer : Goldman Sachs (India) Securities Pvt Ltd
High Court

HC: Quashes Shell India’s assessment order as time-barred, not saved by TOLA & extension notifications

  • In Favour of Assessee
  • Citation Number : TS-94-HC-2022(BOM)-TP
  • Tax Payer : Shell India Markets Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Rules on comparables' for Citicorp; Highlights need for fine-tuning Revenue’s appeal-selection criteria qua already adjudicated issues

  • In Favour of Assessee
  • Citation Number : TS-90-ITAT-2022(Mum)-TP
  • Tax Payer : Citicorp Finance (India) Ltd
Income tax Appellate Tribunal

ITAT: Remits the issue of characterization of services rendered by assessee, Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-92-ITAT-2022(Bang)-TP
  • Tax Payer : Ingersoll Rand International (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes 271G penalty, Takes cognizance of reasonable cause in failure to maintain newly requested information

  • In Favour of Assessee
  • Citation Number : TS-91-ITAT-2022(Mum)-TP
  • Tax Payer : DA Jhaveri