Rulings ( 11554 results )

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Income tax Appellate Tribunal Latest

ITAT: Excludes companies having high turnover; Directs recomputing interest by allowing 60 days credit period

May 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-401-ITAT-2026(HYD)-TP
  • Tax Payer : Winwire Technologies India Private Limited
High Court

HC: Allows Revenue's plea against ITAT's inclusion of 2 comparables in American Express' case

May 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-400-HC-2026(DEL)-TP
  • Tax Payer : American Express (India) P. Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of TP-adjustment w.r.t inter-unit power supply transfer value of power by CPPs

May 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-394-ITAT-2026(Kol)-TP
  • Tax Payer : SHYAM SEL AND POWER LIMITED
Income tax Appellate Tribunal

ITAT: TPO erred in rejecting segmental financials; Finds interest payment basis prior RBI-approval at ALP

May 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2026(HYD)-TP
  • Tax Payer : Curia India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s exclusion and inclusion of comparables; Dismisses Revenue’s appeal

May 22, 2026
  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2026(Mum)-TP
  • Tax Payer : APL Logistics (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes payment to key managerial personnel while computing RPT percentage, restores comparables selection

May 22, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-393-ITAT-2026(HYD)-TP
  • Tax Payer : Hyundai Motor India Engineering Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A) restricting ALP fee rate of corporate guarantee to 0.25%

May 21, 2026
  • In Favour of Assessee
  • Citation Number : TS-397-ITAT-2026(Kol)-TP
  • Tax Payer : South City Projects (Kolkata) Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s decision excluding 2 comparables, deleting TP adjustment qua IT support services

May 21, 2026
  • In Favour of Assessee
  • Citation Number : TS-396-ITAT-2026(Bang)-TP
  • Tax Payer : 3M India Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of TP adjustment qua corporate guarantee, as no fresh guarantee being issued for given AY

May 21, 2026
  • In Favour of Assessee
  • Citation Number : TS-392-ITAT-2026(Ahd)-TP
  • Tax Payer : Cadila Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT: Rectifies Tribunal-order; Directs TPO to grant working capital adjustment if found interlinked

May 21, 2026
  • In Favour of Assessee
  • Citation Number : TS-395-ITAT-2026(Bang)-TP
  • Tax Payer : NTS Technology Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment w.r.t interest on receivables; Economic impact embedded in working capital, TNMM analysis

May 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-391-ITAT-2026(Ahd)-TP
  • Tax Payer : Reckitt Benckiser Healthcare India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits issues w.r.t considering correct financials, margin computation, working capital & risk adjustments

May 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-390-ITAT-2026(DEL)-TP
  • Tax Payer : Rockwell Automation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms Sec.271G-penalty deletion, notes TPO's acceptance of transactions being at arm's length

May 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-389-ITAT-2026(Mum)-TP
  • Tax Payer : D Navinchandra Gems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside CIT(A)-order passed without disposing of appeal on issues raised; Remits ALP determination plea

May 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2026(DEL)-TP
  • Tax Payer : AKILA TRADING PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment qua payment of management fees; Applies rule of consistency

May 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-387-ITAT-2026(Mum)-TP
  • Tax Payer : NTT India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s action upholding TP adjustment qua corporate guarantee by adopting 1% as fee

May 19, 2026
  • In Favour of Revenue
  • Citation Number : TS-386-ITAT-2026(CHNY)-TP
  • Tax Payer : TVS SUPPLY CHAIN SOLUTIONS LTD
Income tax Appellate Tribunal

ITAT: Rejects NIL ALP qua interest on CCDs, allows 90-days' credit period for interest on receivables

May 19, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-385-ITAT-2026(CHNY)-TP
  • Tax Payer : Beroe Consulting India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Mere existence of transactions / higher profitability of eligible unit no basis to invoke Sec.80IA(10)

May 18, 2026
  • In Favour of Assessee
  • Citation Number : TS-384-ITAT-2026(Mum)-TP
  • Tax Payer : Imperial Jewels
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment made absent any agreement/arrangement in case of Renault India

May 18, 2026
  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2026(CHNY)-TP
  • Tax Payer : Renault India P Ltd
Income tax Appellate Tribunal

ITAT: TPO's application of persistent-loss filter based on profit-before-tax inappropriate, includes comparables

May 18, 2026
  • In Favour of Assessee
  • Citation Number : TS-382-ITAT-2026(Bang)-TP
  • Tax Payer : Toyota Industries Engine India Pvt Ltd