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Income tax Appellate Tribunal Latest

ITAT: Holds mere reduction in sales to AE no ground to reject idle capacity adjustment

Jun 12, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-331-ITAT-2025(CHNY)-TP
  • Tax Payer : Caterpillar India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside Sec.263-order passed without considering assessee’s submissions

Jun 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-328-ITAT-2025(Ahd)-TP
  • Tax Payer : GFL Ltd
Income tax Appellate Tribunal

ITAT: Assessee to substantiate existence of reimbursement expenses; Remits ALP-determination

Jun 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-329-ITAT-2025(Mum)-TP
  • Tax Payer : Jungheinrich Lift Truck India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables with high turnover, rendering high-end services in ITeS segment

Jun 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2025(Bang)-TP
  • Tax Payer : Acuity Knowledge Centre (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers Misc expenses as operating; Deletes TP-adjustment qua overdue receivables

Jun 10, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-327-ITAT-2025(CHNY)-TP
  • Tax Payer : ZF Commercial Vehicle Control Systems India Ltd
Income tax Appellate Tribunal

ITAT: Dismisses appeal w.r.t adjustments qua royalty & management charges payments as withdrawn in light of UAPA

Jun 10, 2025
  • In Favour of None/NA
  • Citation Number : TS-325-ITAT-2025(Mum)-TP
  • Tax Payer : Schindler India Private Limtied
Income tax Appellate Tribunal

ITAT: Adopts average LIBOR for imputing interest on outstanding receivables; Follows precedent

Jun 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-324-ITAT-2025(CHNY)-TP
  • Tax Payer : Acqueon Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Directs aggregation of royalty & technical fee payments after allowing customs duty adjustment, WCA

Jun 10, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-323-ITAT-2025(CHNY)-TP
  • Tax Payer : Doowon Automotive Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s ground on IGS; Follows earlier AY on similar facts and agreement

Jun 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-322-ITAT-2025(Mum)-TP
  • Tax Payer : Zensar Technologies Ltd
Income tax Appellate Tribunal

ITAT: Upholds Revenue's aggregation approach under TNMM for pharma co, but excludes APA-covered transactions

Jun 10, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-326-ITAT-2025(HYD)-TP
  • Tax Payer : Mylan Laboratories Ltd.
Income tax Appellate Tribunal

ITAT: Remits ALP qua IGS transaction, directs TPO to compare assessee’s global policy with agreements in force

Jun 09, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-319-ITAT-2025(Bang)-TP
  • Tax Payer : Synechron Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds 144C precludes AO to make changes outside DRP’s directions based on DAO

Jun 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-320-ITAT-2025(PUN)-TP
  • Tax Payer : WIKA Instruments India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Permits assessed to withdraw TP related grounds as covered under APA

Jun 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-321-ITAT-2025(Mum)-TP
  • Tax Payer : Schindler India Private Limtied
Income tax Appellate Tribunal

ITAT: PCIT did not examine assessment records, quashes revisionary order u/s. 263

Jun 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-317-ITAT-2025(DEL)-TP
  • Tax Payer : DCM Shriram Ltd
Income tax Appellate Tribunal

ITAT: Affirms deletion of TP-adjustment w.r.t issuance of CCDs, payment of interest on debentures

Jun 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-318-ITAT-2025(Mum)-TP
  • Tax Payer : Era Realtors Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes/Excludes comparables citing functional similarity/dissimilarity; Follows assessee’s earlier order

Jun 06, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-316-ITAT-2025(DEL)-TP
  • Tax Payer : NXP India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on royalty as TPO denied assessee adequate time for objections

Jun 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-315-ITAT-2025(Bang)-TP
  • Tax Payer : SEG Automotive India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment qua corporate guarantee commission, made basis BG-rates with risk adjustment

Jun 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-314-ITAT-2025(Mum)-TP
  • Tax Payer : Essar Shipping Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for ITeS, MSS segments; Allows capacity utilization adjustment for manufacturing segment

Jun 05, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-311-ITAT-2025(Mum)-TP
  • Tax Payer : Emerson Electric Company (India) P Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s deletion of penalty levied u/s. 271G; Follows earlier order

Jun 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-313-ITAT-2025(Mum)-TP
  • Tax Payer : Arjav Diamond India Pvt Ltd