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Income tax Appellate Tribunal Latest

ITAT: Deletes TP-adjustment qua interest on outstanding receivables in case of debt-free assessee

Mar 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-217-ITAT-2026(CHNY)-TP
  • Tax Payer : Freshworks Technologies Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Grants extension of stay of demand for 180 days or appeal’s disposal, whichever is earlier

Mar 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-219-ITAT-2026(DEL)-TP
  • Tax Payer : BT India P Ltd
Income tax Appellate Tribunal

ITAT: Grants assessee stay for recovery of outstanding demand

Mar 06, 2026
  • In Favour of Assessee
  • Citation Number : TS-218-ITAT-2026(DEL)-TP
  • Tax Payer : Pitney Bowes India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s stay application seeking stay of recovery of outstanding demand of Rs.26.96 crores

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-213-ITAT-2026(DEL)-TP
  • Tax Payer : Expeditors International (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds internal CUP as MAM for benchmarking interest on non-convertible debentures

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-214-ITAT-2026-TP
  • Tax Payer : Home Credit India Finance Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment orders passed beyond limitation period post remand

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-215-ITAT-2026(DEL)-TP
  • Tax Payer : Corteva Agriscience India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables, imputes commission @ 0.04% on comfort letter for ICICI Bank

Mar 05, 2026
  • In Favour of Assessee
  • Citation Number : TS-216-ITAT-2026(Mum)-TP
  • Tax Payer : ICICI Bank Ltd
Income tax Appellate Tribunal

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