Rulings ( 10049 results )
Income tax Appellate Tribunal
ITAT: Excludes comparables failing upper turnover filter; Remits working capital adjustment
Jan 03, 2024
- In Favour of Both, Partially
- Citation Number : TS-728-ITAT-2023(Bang)-TP
- Tax Payer : Workplace Options India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on expenses allocation, comparables; Holds service tax refund as operating
Jan 03, 2024
- In Favour of Both, Partially
- Citation Number : TS-730-ITAT-2023(Bang)-TP
- Tax Payer : MetricStream Infotech (India) Pvt Ltd
High Court
HC: Disposes of assessee’s appeal as withdrawn against Tribunal’s order
Jan 03, 2024
- In Favour of None/NA
- Citation Number : TS-731-HC-2023(KAR)-TP
- Tax Payer : VMware Software India Pvt Ltd
Income tax Appellate Tribunal
ITAT: “Specific services” under Act, DTAA mean different; Upholds correspondent banking charges adjustment
Jan 02, 2024
- In Favour of Revenue
- Citation Number : TS-729-ITAT-2023(Mum)-TP
- Tax Payer : The Bank of Nova Scotia
Income tax Appellate Tribunal
ITAT: Upholds royalty as operating cost, benchmarking under TNMM; Follows earlier order
Jan 01, 2024
- In Favour of Assessee
- Citation Number : TS-726-ITAT-2023(Bang)-TP
- Tax Payer : Toyota Kirloskar Motors Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs Revenue to consider APA applicability, rules on comparables for Google India
Jan 01, 2024
- In Favour of Both, Partially
- Citation Number : TS-727-ITAT-2023(Bang)-TP
- Tax Payer : Google India Private Limited
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment w.r.t warranty services, rules on comparables in SWD segment
Dec 29, 2023
- In Favour of Both, Partially
- Citation Number : TS-725-ITAT-2023(Mum)-TP
- Tax Payer : Varian Medical Systems International India Private Limited
High Court
HC: Dismisses Revenue's plea against ITAT's exclusion of 5 functionally dissimilar comparables
Dec 29, 2023
- In Favour of Assessee
- Citation Number : TS-724-HC-2023(DEL)-TP
- Tax Payer : ST Microelectronics Pvt Ltd
High Court
HC: DRP to consider objections against draft order, although inadvertently not filed with AO
Dec 29, 2023
- In Favour of Assessee
- Citation Number : TS-723-HC-2023(KAR)-TP
- Tax Payer : Google India Private Limited
Income tax Appellate Tribunal
ITAT: Excludes 6 functionally dissimilar comparables; Remits working capital adjustment; Follows precedents
Dec 28, 2023
- In Favour of Both, Partially
- Citation Number : TS-721-ITAT-2023(Bang)-TP
- Tax Payer : Deliverhealth Solutions India Pvt Ltd, (earlier known as Nuance Transcription Services Pvt Ltd)
High Court
HC: Quashes assessment-order passed without DRP’s directions; Follows precedents
Dec 28, 2023
- In Favour of Assessee
- Citation Number : TS-722-HC-2023(BOM)-TP
- Tax Payer : Renaissance Global Limited
Income tax Appellate Tribunal
ITAT: Upholds assessee's benchmarking w.r.t interest paid on unsecured NCDs
Dec 26, 2023
- In Favour of Assessee
- Citation Number : TS-720-ITAT-2023(VIZ)-TP
- Tax Payer : Arkha Solar Power Private Limited
Income tax Appellate Tribunal
ITAT: Remits adjustment w.r.t business development services, reject's TPO's expense-apportionment approach
Dec 26, 2023
- In Favour of Assessee
- Citation Number : TS-719-ITAT-2023(Bang)-TP
- Tax Payer : OnMobile Global Ltd
Income tax Appellate Tribunal
ITAT: DIN mandatory on DRP directions; Subsequent intimation violates CBDT Circular
Dec 22, 2023
- In Favour of Assessee
- Citation Number : TS-718-ITAT-2023(CHNY)-TP
- Tax Payer : Sutherland Global & Others
Income tax Appellate Tribunal
ITAT: AO passed order sans TPO’s reference, breached CBDT’s mandatory instruction; Upholds 263 order
Dec 22, 2023
- In Favour of Assessee
- Citation Number : TS-715-ITAT-2023(Bang)-TP
- Tax Payer : Tokai Rika Minda India Private Limited
High Court
HC: Accepts assessee’s employee cost allocation; Excludes comparable citing ‘sketchy’ information on profile
Dec 22, 2023
- In Favour of Assessee
- Citation Number : TS-717-HC-2023(DEL)-TP
- Tax Payer : WSP Consultants India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Observes, L&T cannot escape TP-applicability merely by pleading commercial expediency
Dec 22, 2023
- In Favour of Assessee
- Citation Number : TS-716-ITAT-2023(Mum)-TP
- Tax Payer : Larsen & Toubro Limited
Income tax Appellate Tribunal
ITAT: Accepts Revenue’s plea under Rule 27; Directs US-MAP approach for non-US transactions
Dec 21, 2023
- In Favour of Assessee
- Citation Number : TS-714-ITAT-2023(DEL)-TP
- Tax Payer : Hewitt Associates (India)P Ltd
Income tax Appellate Tribunal
ITAT: Quashes draft order coupled with demand/penalty notices; Follows precedents
Dec 21, 2023
- In Favour of Assessee
- Citation Number : TS-713-ITAT-2023(Mum)-TP
- Tax Payer : Panasonic Life Solutions India Private Limited
Income tax Appellate Tribunal
ITAT: No change in assessee’s functional profile, follows precedents to exclude 4 comparables
Dec 20, 2023
- In Favour of Assessee
- Citation Number : TS-712-ITAT-2023(HYD)-TP
- Tax Payer : GD Research Center Pvt Ltd