Rulings ( 10049 results )

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Income tax Appellate Tribunal

ITAT: Rules on ALP for transfer of power qua 80IA eligible units; Follows precedent

Dec 01, 2023
  • In Favour of Assessee
  • Citation Number : TS-672-ITAT-2023(CHNY)-TP
  • Tax Payer : Tamilnadu Newsprint and Papers Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment qua performance guarantee where most benefit accrued to assessee

Nov 30, 2023
  • In Favour of Assessee
  • Citation Number : TS-670-ITAT-2023(Mum)-TP
  • Tax Payer : Afcons Infrastructure Limited
High Court

HC: Grants ad-interim relief till 31 January 2024, stays tax demand in case of PayPal

Nov 29, 2023
  • In Favour of Assessee
  • Citation Number : TS-669-HC-2023(BOM)-TP
  • Tax Payer : PayPal Payments Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables, deletes adjustment for pass-through costs for banking sector

Nov 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-667-ITAT-2023(Mum)-TP
  • Tax Payer : ICICI Bank Ltd
Income tax Appellate Tribunal

ITAT: Accepts interest @ 0.58% on loan, fixes guarantee fee @ 0.5%; Follows precedents

Nov 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-668-ITAT-2023(Mum)-TP
  • Tax Payer : Indian Oil Adani Ventures Ltd
Income tax Appellate Tribunal

ITAT: AO exceeded jurisdiction u/s 92CA(4); Quashes assessment order on share sale

Nov 24, 2023
  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2023(DEL)-TP
  • Tax Payer : SAC Finance Company limited
Income tax Appellate Tribunal

ITAT: Directs AO/TPO to use 'instrument type' search filter for benchmarking interest on debentures

Nov 24, 2023
  • In Favour of Assessee
  • Citation Number : TS-666-ITAT-2023(DEL)-TP
  • Tax Payer : Vessel Warehousing Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Infosys and Eclerx in ITeS segment, remits working capital adjustment

Nov 23, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-663-ITAT-2023(HYD)-TP
  • Tax Payer : Parexel International (India) Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments on corporate guarantee, salary of employees deputed to JV; Follows precedent

Nov 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-664-ITAT-2023(Mum)-TP
  • Tax Payer : Tata Chemicals Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua payment for IGS and purchase of fixed assets

Nov 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-661-ITAT-2023(DEL)-TP
  • Tax Payer : Denso Haryana P. Ltd
Income tax Appellate Tribunal

ITAT: Upholds exclusion of KPOs Accentia, Eclerx in case of BPO service provider

Nov 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-662-ITAT-2023(DEL)-TP
  • Tax Payer : Reservation Data Maintenance India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Partly allows assessee’s MP against Tribunal-order w.r.t calculation of RPT ratio

Nov 21, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-659-ITAT-2023(Bang)-TP
  • Tax Payer : Toyota Kirloskar Motor P. Ltd
Income tax Appellate Tribunal

ITAT: Partly allows assessee’s misc. petition on comparables and interest on receivables

Nov 21, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-658-ITAT-2023(Bang)-TP
  • Tax Payer : Atos IT Services Private Limited
Income tax Appellate Tribunal

ITAT: Accepts Honda R&D's plea qua inclusion/exclusion of comparables, remits working capital adjustment

Nov 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-656-ITAT-2023(DEL)-TP
  • Tax Payer : Honda R & D (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua admin-service fees, royalty payment in Herbalife's case

Nov 20, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-657-ITAT-2023(Bang)-TP
  • Tax Payer : Herbalife International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows 2% of operating revenue as management fees; Follows earlier order

Nov 16, 2023
  • In Favour of Assessee
  • Citation Number : TS-654-ITAT-2023(Ahd)-TP
  • Tax Payer : BUNDY INDIA LIMITED
Income tax Appellate Tribunal

ITAT: Rejects NIL ALP of technology support charges & salary reimbursement qua Vodafone India

Nov 16, 2023
  • In Favour of Assessee
  • Citation Number : TS-655-ITAT-2023(Mum)-TP
  • Tax Payer : Vodafone India Limited
Income tax Appellate Tribunal

ITAT: Upholds guarantee commission @0.35% qua Macrotech Developers Ltd, follows precedent

Nov 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-651-ITAT-2023(Mum)-TP
  • Tax Payer : Macrotech Developers Limited
Income tax Appellate Tribunal

ITAT: Deletes adjustment qua inter-unit power sale in Tata Steel's case; Follows Tata Chemicals

Nov 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-652-ITAT-2023(Mum)-TP
  • Tax Payer : Tata Steel Ltd
Income tax Appellate Tribunal

ITAT: Rules in BBC's favour, confirms CIT(A)'s findings on pass through cost, forex loss

Nov 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-653-ITAT-2023(DEL)-TP
  • Tax Payer : BBC World (India) Pvt.Ltd