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Income tax Appellate Tribunal Latest

ITAT: Directs TPO to analyze comparable adopted by SWD service provider for benchmarking ALP under TNMM

Nov 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-654-ITAT-2025(Mum)-TP
  • Tax Payer : Xoriant Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Transactions not covered as Sec 92BA(i) omitted without saving clause, deletes adjustment

Nov 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-655-ITAT-2025(PUN)-TP
  • Tax Payer : Jyoti Paper Udyog Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO/DRP’s recharacterization from ITeS services to KPO services

Nov 07, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-653-ITAT-2025(HYD)-TP
  • Tax Payer : DGS Technical Services Private Limited
Income tax Appellate Tribunal

ITAT: Restores TP-adjustment w.r.t export of software services, bad-debts written-off before COVID impact

Nov 05, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-646-ITAT-2025(Kol)-TP
  • Tax Payer : Erevmax Technologies Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Sets aside NIL ALP determined qua technical services; Remits issue

Nov 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-652-ITAT-2025(GAU)-TP
  • Tax Payer : Assam Bio Ethanol Private Limited
Income tax Appellate Tribunal

ITAT: Upholds adoption of cash PLI, exclusion of comparables for failing turnover filter etc,

Nov 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-651-ITAT-2025(Bang)-TP
  • Tax Payer : AMD India Private Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP adjustment qua delayed realization of export receivables; Applies rule of consistency

Nov 04, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-648-ITAT-2025(Mum)-TP
  • Tax Payer : S Vinodkumar Diamonds Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order for non-compliance with DRP Directions; Holds order violates Sec.144C(13)

Nov 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2025(CHNY)-TP
  • Tax Payer : Smartek21 Private Limited
Income tax Appellate Tribunal

ITAT: Restores adjustments w.r.t ITES / manufacturing segments and management charges; Follows earlier order

Nov 04, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-650-ITAT-2025(Ahd)-TP
  • Tax Payer : BUNDY INDIA LIMITED
Income tax Appellate Tribunal

ITAT: Upholds validity of TPO-reference, rules on treatment of ESOP expense, functional classification, etc

Nov 03, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-641-ITAT-2025(Bang)-TP
  • Tax Payer : Sankalp Semiconductor Private Limited
Income tax Appellate Tribunal

ITAT: Deletes addition made qua reimbursement for IT support services treated as FIS; Follows earlier orders

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-647-ITAT-2025(DEL)-TP
  • Tax Payer : Inveso Holding Company (US) Inc
Income tax Appellate Tribunal

ITAT: Adopts ‘interest saving method’ to arrive at fair corporate guarantee estimation; Rejects CIT(A)’s adoption of 1%

Oct 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-643-ITAT-2025(Kol)-TP
  • Tax Payer : National Engineering Industries Ltd
Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee to 0.5% against TPO’s 1%; Follows earlier order

Oct 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-642-ITAT-2025(Kol)-TP
  • Tax Payer : Tata Consumer Products Limited
Income tax Appellate Tribunal

ITAT: Deletes adjustment for reimbursement of expenses basis TPO's failure to understand the issue

Oct 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-645-ITAT-2025(DEL)-TP
  • Tax Payer : IDP Education India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Directs assessee to substantiate FAR similarity qua AE & non-AE segments, remits interest on receivables

Oct 31, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-644-ITAT-2025(Bang)-TP
  • Tax Payer : WEG Industries (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Expense reimbursement did not qualify as SDT; Confirms CIT(A)’s deletion of adjustment

Oct 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-633-ITAT-2025(Ahd)-TP
  • Tax Payer : Mytrah Vayu (Gujarat) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s decision allowing assessee’s claim of deduction u/s.80IA; Follows precedent

Oct 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-634-ITAT-2025(CHNY)-TP
  • Tax Payer : Sri Shanmugavel – Mills Pvt. Ltd
High Court

HC: Directs AO to pass final assessment order after DRP's disposal of assessee's application u/s.144C(2)

Oct 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-640-HC-2025(MAD)-TP
  • Tax Payer : American megatrends International India Private Limited
High Court

HC: Holds TP-addition non-est, as proceedings to give effect to DRP’s directions barred by limitation

Oct 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-637-HC-2025(BOM)-TP
  • Tax Payer : Archroma International (India) Private Limited
High Court

HC: Limitation u/s.144C(13) to be computed from date of uploading DRP-order; Follows Louis Dreyfus ruling

Oct 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-638-HC-2025(DEL)-TP
  • Tax Payer : Hyundai Rotem Company