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Income tax Appellate Tribunal Latest

ITAT: Third Member rules Microsoft India’s AY 2017-18 assessment time-barred due to delayed DRP directions

Sep 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-534-ITAT-2025(DEL)-TP
  • Tax Payer : Microsoft Corporation (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes/Includes comparables in SWD segment; Remits working capital adjustment

Sep 12, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-533-ITAT-2025(Bang)-TP
  • Tax Payer : Netradyne Technology India Pvt. Limited
Income tax Appellate Tribunal

ITAT: Restricts outstanding receivable interest at LIBOR+0.65%; Confirms deletion of adjustment qua outstanding share application money

Sep 12, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-531-ITAT-2025(Mum)-TP
  • Tax Payer : Essar Power Limited
Income tax Appellate Tribunal

ITAT: Directs AO/TPO to apply upper turnover filter since it adopted lower turnover limit of Rs.1 crore

Sep 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-528-ITAT-2025(COCH)-TP
  • Tax Payer : UST Global Technology Services (India) Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-additions qua corporate IT services and recovery of salary expenses; Follows earlier order

Sep 11, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-529-ITAT-2025(COCH)-TP
  • Tax Payer : Apollo Tyres Ltd
Income tax Appellate Tribunal

ITAT: Adopts 0.5% for corporate guarantee; Remits TP-addition qua corporate IT services

Sep 11, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-530-ITAT-2025(COCH)-TP
  • Tax Payer : Apollo Tyres Ltd
Income tax Appellate Tribunal

ITAT: Directs benchmarking transaction of corporate guarantee by adopting 0.5%; Follows precedent

Sep 10, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-527-ITAT-2025(COCH)-TP
  • Tax Payer : Apollo Tyres Ltd
High Court

HC: Dismisses Revenue’s appeal; Confirms ITAT-order holding assessee not a wholesale trader

Sep 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-525-HC-2025(KAR)-TP
  • Tax Payer : Toyota Tsusho India Private Limited
Income tax Appellate Tribunal

ITAT: Directs benchmarking of interest on receivables based on currency in which invoices are prepared

Sep 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-526-ITAT-2025(Bang)-TP
  • Tax Payer : Lowe’s Services India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for ITeS-provider considering turnover, brand-value, TPO's search matrix, merger

Sep 09, 2025
  • In Favour of Revenue
  • Citation Number : TS-518-ITAT-2025(Bang)-TP
  • Tax Payer : Hydro BS India Private Limited
Income tax Appellate Tribunal

ITAT: Holds PCIT lacks authority to assume jurisdiction u/.s 263 to revise final assessment order

Sep 09, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-524-ITAT-2025(Mum)-TP
  • Tax Payer : Accenture Solutions Private Limited
High Court

HC: Bank-guarantee commission not comparable w.r.t corporate guarantee, refers to Everest Kento ruling; Remits issue

Sep 08, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-520-HC-2025(KER)-TP
  • Tax Payer : Synthite Industries (P) Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments w.r.t provision of ITeS, interest on outstanding receivables

Sep 08, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-522-ITAT-2025(DEL)-TP
  • Tax Payer : Future First Info Services Pvt Ltd
High Court

HC: Affirms ITAT's quashing of final assessment-order passed sans draft-order in remand proceedings

Sep 08, 2025
  • In Favour of Assessee
  • Citation Number : TS-512-HC-2025(KAR)-TP
  • Tax Payer : Alpha Elsec Defence & Aerospace Systems Pvt Ltd
High Court

HC: Comparables failing revenue filter not to be selected for TP study, dismisses appeal

Sep 08, 2025
  • In Favour of Assessee
  • Citation Number : TS-523-HC-2025(KAR)-TP
  • Tax Payer : Robert Bosch Engineering and Business Solutions Ltd
Income tax Appellate Tribunal

ITAT: Factors in 'economic reality', adopts 'LIBOR plus spread' benchmark for loan to WoS

Sep 08, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-521-ITAT-2025(Mum)-TP
  • Tax Payer : Rosy Blue (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Holds SDT-provisions, Sec.115BAB inapplicable as assessee has not commenced business

Sep 08, 2025
  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2025(DEL)-TP
  • Tax Payer : Avaada Mhkhamgaon Private Ltd
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s order upholding addition made qua SDT absent any representation on assessee’s behalf

Sep 05, 2025
  • In Favour of Revenue
  • Citation Number : TS-514-ITAT-2025(Ahd)-TP
  • Tax Payer : Dhara Developers
Income tax Appellate Tribunal

ITAT: Upholds assessee's Other Method for benchmarking interest on loan to AE at NIL

Sep 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-517-ITAT-2025(Mum)-TP
  • Tax Payer : Reliance Life Sciences Pvt Ltd
Income tax Appellate Tribunal

ITAT: Treats depreciation on goodwill/amortisation of non-compete fees as non-operating, rules on comparables

Sep 05, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-516-ITAT-2025(Mum)-TP
  • Tax Payer : Novateur Electrical and Digital Systems Pvt Ltd