Rulings ( 11365 results )

Filters
Income tax Appellate Tribunal Latest

ITAT: Grants conditional stay, subject to payment of 20% of outstanding demand

Mar 04, 2026
  • In Favour of Assessee
  • Citation Number : TS-212-ITAT-2026(DEL)-TP
  • Tax Payer : CACI Aircon P. Ltd
High Court

HC: Dismisses Revenue’s appeal, substantial questions of law dismissed in assessee’s earlier order

Mar 03, 2026
  • In Favour of Assessee
  • Citation Number : TS-210-HC-2026(BOM)-TP
  • Tax Payer : Aegis Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates ALP adjustments based on BLT, Cost Plus Method and adjusted TNMM

Mar 03, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-208-ITAT-2026(DEL)-TP
  • Tax Payer : Callaway Golf India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds large turnover companies incomparable to assessee’s meagre turnover; Excludes 11 companies

Mar 03, 2026
  • In Favour of Assessee
  • Citation Number : TS-209-ITAT-2026(Bang)-TP
  • Tax Payer : UL India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection under data processing service/SWD segments

Mar 03, 2026
  • In Favour of Assessee
  • Citation Number : TS-211-ITAT-2026(Mum)-TP
  • Tax Payer : Franklin Templeton International Services (India) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds revision order u/s.263 for GMR Airports, TPO failed to enquire into SBLC arrangements

Mar 02, 2026
  • In Favour of Assessee
  • Citation Number : TS-207-ITAT-2026(Bang)-TP
  • Tax Payer : GMR Airports Limited, (formerly known as GMR Airports Infrastructure Limited)
Income tax Appellate Tribunal

ITAT: Restricts TP adjustment to non-US AE transactions only; Considers settlement of transaction with US AE in MAP resolution

Mar 02, 2026
  • In Favour of Assessee
  • Citation Number : TS-202-ITAT-2026(Bang)-TP
  • Tax Payer : EIT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds DRP’s order directing benchmarking payment of interest on ECB at LIBOR+200 bps; Follows earlier order

Mar 02, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-204-ITAT-2026(VIZ)-TP
  • Tax Payer : Teejay India Private Limited
High Court

HC: Directs TPO to pass fresh order w.r.t comparables selection after providing assessee opportunity to reply to SCN

Mar 02, 2026
  • In Favour of Assessee
  • Citation Number : TS-205-HC-2026(BOM)-TP
  • Tax Payer : Maersk Global Service Centres (India) Pvt. Ltd.
High Court

HC: Allows assessee’s writ petition, sets aside AO’s draft order

Mar 02, 2026
  • In Favour of Assessee
  • Citation Number : TS-206-HC-2026(DEL)-TP
  • Tax Payer : LINDSTROM SERVICES INDIA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Accepts berry ratio for Verizon India, restricts TP-adjustment w.r.t business services basis agreed formula

Mar 02, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-203-ITAT-2026(DEL)-TP
  • Tax Payer : Verizon Communication India Pvt Ltd
High Court

HC: Quashes reassessment, Revenue failed to finalize assessment timely after draft order was passed

Feb 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-201-HC-2026(GUJ)-TP
  • Tax Payer : GULBRANDSEN PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Allows assessee’s claim for deduction u/s. 80IA(4); Deletes royalty payment addition

Feb 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-199-ITAT-2026(Ahd)-TP
  • Tax Payer : Netafim Irrigation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes the final assessment order passed sans draft order in the second round of proceedings

Feb 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-200-ITAT-2026(Bang)-TP
  • Tax Payer : Toyota Kirloskar Motor P. Ltd
Income tax Appellate Tribunal

ITAT: Permits assessee to withdraw appeal in view of India-US MAP resolution

Feb 26, 2026
  • In Favour of None/NA
  • Citation Number : TS-198-ITAT-2026(Bang)-TP
  • Tax Payer : NextGen Healthcare India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits entity vs segmental level benchmarking issue; Deletes adjustment qua interest on receivables

Feb 25, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-195-ITAT-2026(CHNY)-TP
  • Tax Payer : TAKE Solutions Limited
Income tax Appellate Tribunal

ITAT: Dismisses Sony India’s MA seeking modifications related to comparables selection, AMP adjustment

Feb 25, 2026
  • In Favour of Revenue
  • Citation Number : TS-194-ITAT-2026(DEL)-TP
  • Tax Payer : Sony India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Extends stay by 180 days or till appeal disposal of appeals; Considers pendency of SC decision in Shelf Drilling

Feb 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-193-ITAT-2026(DEL)-TP
  • Tax Payer : Genpact India Private Limited
Income tax Appellate Tribunal

ITAT: Allows Cisco Systems Inc's stay petition; Considers approach qua sister concern, other AYs, etc

Feb 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-197-ITAT-2026(Bang)-TP
  • Tax Payer : Cisco Systems Inc
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments qua interest on loans and outstanding receivables; Follows earlier order

Feb 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-196-ITAT-2026(Ahd)-TP
  • Tax Payer : Intas Pharmaceuticals Ltd.