Rulings ( 10045 results )

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Income tax Appellate Tribunal

ITAT: Remits TP-adjustments qua corporate guarantee commission, interest on loan

Mar 22, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-114-ITAT-2024(Mum)-TP
  • Tax Payer : ACG Associated Capsules Pvt Ltd
High Court

HC: Dismisses Revenue's 'misconceived' appeal against ITAT-order rejecting invocation of TP-provisions

Mar 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-115-HC-2024(DEL)-TP
  • Tax Payer : Mercer Consulting India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds exclusion of comparables with high turnover, negative operating margins

Mar 21, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-112-ITAT-2024(DEL)-TP
  • Tax Payer : STMicroelectronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits issues w.r.t segmental margin details, expatriates-salary reimbursement

Mar 21, 2024
  • In Favour of None/NA
  • Citation Number : TS-113-ITAT-2024(HYD)-TP
  • Tax Payer : TPSC (India) Private Limited
Income tax Appellate Tribunal

ITAT: Fresh TPO-reference required once pending assessment abates u/s.153A(1) pursuant to search

Mar 21, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-111-ITAT-2024(Kol)-TP
  • Tax Payer : Himatsingka Seide Ltd
Income tax Appellate Tribunal

ITAT: Invoices/separate agreements between branches unnecessary if cost allocation done basis proper key

Mar 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-110-ITAT-2024(Mum)-TP
  • Tax Payer : Standard Chartered Bank Ltd
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustments qua corporate guarantee, royalty etc; Follows earlier orders

Mar 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-108-ITAT-2024(DEL)-TP
  • Tax Payer : Dabur India Ltd
Supreme Court

SC: Dismisses Revenue’s SLP against HC-order in AMD India's case considering low tax effect

Mar 20, 2024
  • In Favour of None/NA
  • Citation Number : TS-109-SC-2024-TP
  • Tax Payer : AMD India Private Ltd
Income tax Appellate Tribunal

ITAT: Restores TP-adjustment w.r.t ITeS, payment for K-Net charges considering India-US Bilateral APA

Mar 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2024(DEL)-TP
  • Tax Payer : A.T. Kearney Ltd
High Court

HC: Dismisses Revenue's appeal against ITAT's exclusion of Infosys, Persistent etc as comparables

Mar 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-106-HC-2024(DEL)-TP
  • Tax Payer : NEC Technologies India P Ltd
Income tax Appellate Tribunal

ITAT: Interest on outstanding receivables not ‘Eligible International Transaction’ for Safe-Harbour applicability

Mar 19, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-105-ITAT-2024(DEL)-TP
  • Tax Payer : Iomedia India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment in case of Maruti Suzuki India, notes comparables margin higher than assessee

Mar 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-103-ITAT-2024(DEL)-TP
  • Tax Payer : Maruti Suzuki India Limited
Income tax Appellate Tribunal

ITAT: Holds TPO's order, final assessment order barred by limitation; Follows precedents

Mar 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-104-ITAT-2024(Mum)-TP
  • Tax Payer : India Medtronic Pvt Ltd
Income tax Appellate Tribunal

ITAT: Limitation period u/s 144C(13) considered from DRP's (not TPO's) directions, Quashes assessment-orders

Mar 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-102-ITAT-2024(Kol)-TP
  • Tax Payer : Skylark Fiscal Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Order conforming to Tecnimont HC-decision, non-consideration of coordinate-bench rulings not 'error'

Mar 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-100-ITAT-2024(HYD)-TP
  • Tax Payer : Quislex Legal Services P Ltd
Income tax Appellate Tribunal

ITAT: Accepts unaudited segmental accounts; Deletes adjustment qua agency, marketing support services

Mar 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-101-ITAT-2024(DEL)-TP
  • Tax Payer : Spectris Technologies [P] Ltd
Income tax Appellate Tribunal

ITAT: Accepts ‘other method’ for benchmarking equipment imports; Applies rule of consistency

Mar 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-99-ITAT-2024(CHNY)-TP
  • Tax Payer : RKM Powergen Private Limited
Income tax Appellate Tribunal

ITAT: Adjudicates TP-adjustment on outstanding receivables, upholds LIBOR-application

Mar 14, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-96-ITAT-2024(DEL)-TP
  • Tax Payer : Jubilant Pharmova Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s plea seeking inclusion of company; Cites unavailability of segmental results

Mar 14, 2024
  • In Favour of Revenue
  • Citation Number : TS-98-ITAT-2024(DEL)-TP
  • Tax Payer : CBRE South Asia (P) Ltd
Income tax Appellate Tribunal

ITAT: Rejects argument that clause providing interest on receivables "may accrue" doesn't bind assessee

Mar 14, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-97-ITAT-2024(DEL)-TP
  • Tax Payer : Concentrix Daksh Services India Pvt Ltd