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Income tax Appellate Tribunal Latest

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.
Income tax Appellate Tribunal

ITAT: Rejects foreign AE as tested party; Deletes adjustments qua interest on capital contribution, loan, etc

Feb 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-192-ITAT-2026(Mum)-TP
  • Tax Payer : Oracle Financial Services Software Ltd
High Court

HC: Quashes final-assessment passed sans draft order; Traces trajectory of events post PCIT order u/s.263

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-191-HC-2026(GUJ)-TP
  • Tax Payer : Sun Pharmaceutical Industries Ltd
Income tax Appellate Tribunal

ITAT: Keeps Rs.3.88 Cr demand in abeyance; Considers comparables' dispute, proposed "clarificatory" amendment on DIN

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-188-ITAT-2026(Bang)-TP
  • Tax Payer : Mavenir Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits additional grounds, remits them to AO to be adjudicated afresh

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-185-ITAT-2026(Mum)-TP
  • Tax Payer : Jagdeep Singh Dhanoa
Income tax Appellate Tribunal

ITAT: Adjudicates tested-party selection qua SDT of diamond-purchase, affirms CIT(A)'s relief

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-187-ITAT-2026(Mum)-TP
  • Tax Payer : DNJ Creation LLP
Income tax Appellate Tribunal

ITAT: Directs assessee to establish no actual conversion/redemption of CCD into equity

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-184-ITAT-2026(CHNY)-TP
  • Tax Payer : Movate Technologies Private Limited
Income tax Appellate Tribunal

ITAT: ITAT: Interest charged by assessee from its subsidiary higher than Internal CUP of rate on foreign currency loan; Deletes addition

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-190-ITAT-2026(DEL)-TP
  • Tax Payer : Varun Beverages Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s deletion of SDT addition basis omission of Sec. 92BA(i)

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-189-ITAT-2026(Ahd)-TP
  • Tax Payer : Farmson Pharmaceutical Gujarat Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order being time barred u/s.153

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-186-ITAT-2026(DEL)-TP
  • Tax Payer : FENA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Quashes final assessment order being time barred u/s.153; Follows precedent

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-183-ITAT-2026(DEL)-TP
  • Tax Payer : Baxter India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes time barred final assessment order; Follows precedent

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-182-ITAT-2026(DEL)-TP
  • Tax Payer : The Bank of Tokyo - Mitsubishi UFJ Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order being time barred u/s.153; Follows Li & Fung ruling

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-181-ITAT-2026(DEL)-TP
  • Tax Payer : Teleperformance Global Business P. Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order being time barred u/s.153; Follows Roca Bathroom ruling

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-180-ITAT-2026(DEL)-TP
  • Tax Payer : Tupperware India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments qua processing fees received on guarantee, provision of marketing support services

Feb 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-178-ITAT-2026(Mum)-TP
  • Tax Payer : Australia and New Zealand Banking Group Ltd
Income tax Appellate Tribunal

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

Feb 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-177-ITAT-2026(Bang)-TP
  • Tax Payer : Homag India Private Limited