Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Rejects existence of Mitsui’s DAPE in India and consequent profit attribution, Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-04-ITAT-2022(DEL)-TP
  • Tax Payer : Mitsui & Co
Income tax Appellate Tribunal

ITAT: Lam Research India Pvt Ltd

  • In Favour of Assessee
  • Citation Number : TS-667-ITAT-2021(Bang)-TP
  • Tax Payer : Lam Research India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes Sec 263 revisionary proceedings against final assessment order; 3-member DRP superior to single CIT

  • In Favour of Assessee
  • Citation Number : TS-03-ITAT-2022(Mum)-TP
  • Tax Payer : Barclays Bank PLC
Income tax Appellate Tribunal

ITAT: Renders discussion on SDT provisions qua slump purchase as academic, post deletion of clause (i) of s.92BA

  • In Favour of Assessee
  • Citation Number : TS-01-ITAT-2022(Ahd)-TP
  • Tax Payer : Ammann India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects NIL ‘ALP’ for reimbursement of expenses and shared services cost, considers documentary evidence

  • In Favour of Assessee
  • Citation Number : TS-02-ITAT-2022(Mum)-TP
  • Tax Payer : PPG Coatings India Private Limited
Income tax Appellate Tribunal

ITAT: Quashes time barred TP order, deletes consequent TP adjustment

  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2021(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solution India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment towards alleged Hyundai Motor Corp’s brand enhancement; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd
Income tax Appellate Tribunal

ITAT: Admits additional evidence by assessee for supporting payment of corporate management fee, remits matter

  • In Favour of Both, Partially
  • Citation Number : TS-674-ITAT-2021(Bang)-TP
  • Tax Payer : Euronet Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds application of turnover filter of Rs. 200 crores for SWD and ITES segment; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-676-ITAT-2021(Bang)-TP
  • Tax Payer : Software Paradigms Infotech Pvt Ltd
High Court

HC: Karnataka HC quashes assessment order passed without DRP directions, being violative of 144C

  • In Favour of Assessee
  • Citation Number : TS-672-HC-2021(KAR)-TP
  • Tax Payer : ACI Worldwide Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects prices under global-sourcing agreement with "deemed-AEs" for CUP-benchmarking, Remits ALP-determination basis third-party data

  • In Favour of Both, Partially
  • Citation Number : TS-673-ITAT-2021(PUN)-TP
  • Tax Payer : Kimberly-Clark Lever Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for SWD provider on multiple criteria

  • In Favour of Both, Partially
  • Citation Number : TS-670-ITAT-2021(HYD)-TP
  • Tax Payer : Wave Crest Payment Technology Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable selection, remits working capital and risk adjustment for SWD provider; Follows Huawei Technologies

  • In Favour of Assessee
  • Citation Number : TS-669-ITAT-2021(Bang)-TP
  • Tax Payer : SAP Labs India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds RBI approved royalty payment rate of 5% as against subsequent year revised rate of 4%; Follows precedent in principle

  • In Favour of Assessee
  • Citation Number : TS-668-ITAT-2021(HYD)-TP
  • Tax Payer : Owens Corning Industries (India) Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Excludes L&T Infotech, Persistent Systems, Rejects negative working capital adjustment for SWD service-provider

  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2021(Bang)-TP
  • Tax Payer : Fiberlink Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects negative working capital adjustment for captive SWD provider; rules on selection of comparables

  • In Favour of Assessee
  • Citation Number : TS-666-ITAT-2021(Bang)-TP
  • Tax Payer : GXS India Technology Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in Dell International Services' case, Excludes seven, remits two

  • In Favour of Both, Partially
  • Citation Number : TS-664-ITAT-2021(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds RPM for trading segment & CPM for manufacturing segment, sans contradictory evidence; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-663-ITAT-2021(Bang)-TP
  • Tax Payer : A.O. Smith India Water Products Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on various aspects of ALP determination for manufacturing segment and IGS, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-662-ITAT-2021(Bang)-TP
  • Tax Payer : SKF Engineering and Lubrication India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables; Remits capacity, working capital, risk adjustment etc., follows Baracuda Networks

  • In Favour of Both, Partially
  • Citation Number : TS-661-ITAT-2021(Bang)-TP
  • Tax Payer : Atmecs Technologies Private Limited