Rulings ( 11972 results )
Income tax Appellate Tribunal
ITAT: Upholds revisionary order u/s 263; Directs AO to recompute TP-adjustment basis TPO’s order
- In Favour of Revenue
- Citation Number : TS-10-ITAT-2022(DEL)-TP
- Tax Payer : ACTIA (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Approves aggregated TNMM-benchmarking, Upholds Dell’s royalty-payment subsumed under SWD services to be at ALP
- In Favour of Both, Partially
- Citation Number : TS-704-ITAT-2021(Bang)-TP
- Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal
ITAT: Allows assessee’s MP, upholds royalty benchmarking on aggregated basis qua fresh comparables, Directs to consider range benefit
- In Favour of Assessee
- Citation Number : TS-701-ITAT-2021(Bang)-TP
- Tax Payer : Toyota Kirloskar Motors Pvt Ltd
High Court
HC: Quashes assessment order, restricts AO's assumption of jurisdiction by directly passing final order
- In Favour of Assessee
- Citation Number : TS-703-HC-2021(BOM)-TP
- Tax Payer : Shell India Market Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs exclusion of 10 comparables for HP India Software Operations; Remits working capital adjustment
- In Favour of Both, Partially
- Citation Number : TS-702-ITAT-2021(Bang)-TP
- Tax Payer : Hewlett Packard (India) Software Operation Pvt Ltd
Income tax Appellate Tribunal
ITAT: Quashes assessment order on Accenture’s ‘non-existent’ entity, albeit DRP's directions issued correctly
- In Favour of Assessee
- Citation Number : TS-09-ITAT-2022(Mum)-TP
- Tax Payer : Accenture Solutions Private Limited
Income tax Appellate Tribunal
ITAT: Allows Pfizer’s initial year marketing spend as economic adjustment; Excludes ‘pass through cost’ from cost-base
- In Favour of Both, Partially
- Citation Number : TS-700-ITAT-2021(Mum)-TP
- Tax Payer : Pfizer Ltd.
Income tax Appellate Tribunal
ITAT: Accepts assessee's segmental-profitability and ALP for engineering-services; Discusses allocation keys, internal vs external TNMM
- In Favour of Assessee
- Citation Number : TS-08-ITAT-2022(PUN)-TP
- Tax Payer : Neilsoft Private Limited
Income tax Appellate Tribunal
ITAT: Upholds TPO’s directions in adopting LIBOR as interest benchmark for making payments to AEs overseas
- In Favour of Both, Partially
- Citation Number : TS-698-ITAT-2021(HYD)-TP
- Tax Payer : Maanaveeya Development & Finance P Ltd
Income tax Appellate Tribunal
ITAT: Directs TPO for ALP adjustment after exclusion of comparables; Follows precedent
- In Favour of Both, Partially
- Citation Number : TS-695-ITAT-2021(HYD)-TP
- Tax Payer : Progressive Digital Media Private Limited
Income tax Appellate Tribunal
ITAT: Holds no TP adjustment warranted in absence of Revenue appeal before HC/ SC for earlier years
- In Favour of Assessee
- Citation Number : TS-07-ITAT-2022(DEL)-TP
- Tax Payer : GBT India Pvt Ltd
High Court
HC: Denies writ jurisdiction, directs alternative redressal to challenge draft-order passed on non-existing transferor-company
- In Favour of Assessee
- Citation Number : TS-689-HC-2021(MAD)-TP
- Tax Payer : Mando Automotive India Private Limited
High Court
HC: Quashes rejection of assessee's objections basis non-appearance before DRP, Directs adjudication on merits
- In Favour of Revenue
- Citation Number : TS-687-HC-2021(MAD)-TP
- Tax Payer : Sesa Sterlite Limited
Income tax Appellate Tribunal
ITAT: Excludes forex loss from operating expenditure; remits issue on working capital adjustment
- In Favour of Assessee
- Citation Number : TS-679-ITAT-2021(CHNY)-TP
- Tax Payer : Kwang Jin India Autosystems Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds CIT(A)’s dismissal of assessee’s appeal against draft order instead of final assessment order
- In Favour of Revenue
- Citation Number : TS-683-ITAT-2021(HYD)-TP
- Tax Payer : China State Construction Engineering (Hong Kong) Limited
Income tax Appellate Tribunal
ITAT: Upholds US-MAP margin for non US-AE for EDS seg; Rules on comparables for MSS
- In Favour of Both, Partially
- Citation Number : TS-06-ITAT-2022(Bang)-TP
- Tax Payer : Textron India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds RPM for resale, absent any manufacturing for the AY; Follows Precedent
- In Favour of Both, Partially
- Citation Number : TS-05-ITAT-2022(Bang)-TP
- Tax Payer : Randox Laboratories India Private Limited
High Court
HC: Challenging TP order in writ premature, Dismisses assessee’s writ considering availability of appellate remedy
- In Favour of Revenue
- Citation Number : TS-685-HC-2021(MAD)-TP
- Tax Payer : Bonfiglioli Transmission Private Limited
Income tax Appellate Tribunal
ITAT: Upholds DRP’s directions to exclude comparables; dismisses Revenue’s appeal seeking their inclusion
- In Favour of Assessee
- Citation Number : TS-686-ITAT-2021(HYD)-TP
- Tax Payer : Parexel International (India) Private Limited
High Court
HC: Holds difference in guarantee rate to be charged not a substantial question of law
- In Favour of Assessee
- Citation Number : TS-690-HC-2021(RAJ)-TP
- Tax Payer : Vaibhav Global Limited