Rulings ( 10546 results )
Income tax Appellate Tribunal
ITAT: Accepts additional evidence, remits TP-adjustment qua purchase of books
Jan 27, 2025
- In Favour of Both, Partially
- Citation Number : TS-22-ITAT-2025(DEL)-TP
- Tax Payer : Bloomsbury Publishing India Private Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustments qua IGS, payment of sales margin; Applies rule of consistency
Jan 27, 2025
- In Favour of Both, Partially
- Citation Number : TS-23-ITAT-2025(Kol)-TP
- Tax Payer : TDK India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Includes Satyam Venture as export sales included consolidated results of other subsidiaries
Jan 24, 2025
- In Favour of Assessee
- Citation Number : TS-19-ITAT-2025(Bang)-TP
- Tax Payer : Weir Minerals (India) Private Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua IGS made on basis of wrong premises & adhoc estimation
Jan 24, 2025
- In Favour of Assessee
- Citation Number : TS-20-ITAT-2025(Mum)-TP
- Tax Payer : Lanxess India Private Ltd.
Income tax Appellate Tribunal
ITAT: Holds penalty order passed in perfunctory manner, considers transactions recorded at ALP
Jan 24, 2025
- In Favour of Assessee
- Citation Number : TS-21-ITAT-2025(Ahd)-TP
- Tax Payer : Priya Blue Industries Pvt Ltd
Income tax Appellate Tribunal
ITAT: Sec.92BA applicability independent from deduction-claim u/s.80-IA, upholds SDT-adjustment
Jan 23, 2025
- In Favour of Assessee
- Citation Number : TS-18-ITAT-2025(HYD)-TP
- Tax Payer : Sanghi Industries Limited
Supreme Court
SC: Dismisses Amadeus India’s SLP w.r.t AMP adjustment on ground of delay
Jan 23, 2025
- In Favour of Assessee
- Citation Number : TS-16-SC-2025-TP
- Tax Payer : AMADEUS INDIA PVT LTD
Income tax Appellate Tribunal
ITAT: Quashes final assessment order passed in name of non-existent merged company
Jan 23, 2025
- In Favour of Assessee
- Citation Number : TS-17-ITAT-2025(DEL)-TP
- Tax Payer : Mentor Graphics (Noida) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs TPO to benchmark interest on debentures based on comparable international transactions
Jan 22, 2025
- In Favour of Both, Partially
- Citation Number : TS-14-ITAT-2025(CHNY)-TP
- Tax Payer : Sundram Fasteners Ltd
Income tax Appellate Tribunal
ITAT: Directs AO to comply with DRP’s direction granting ± 3% adjustment; Remits issue
Jan 22, 2025
- In Favour of Both, Partially
- Citation Number : TS-15-ITAT-2025(Ahd)-TP
- Tax Payer : HITACHI HI REL POWER ELECTRONICS PVT LTD
High Court
HC: Affirms deletion of adjustment qua transfer of power, refers to Jindal Steel SC-ruling
Jan 22, 2025
- In Favour of Assessee
- Citation Number : TS-13-HC-2025(DEL)-TP
- Tax Payer : DCM Shriram Ltd
Income tax Appellate Tribunal
ITAT: Remits plea related to treatment of warranty provision written back as operating in nature
Jan 21, 2025
- In Favour of Both, Partially
- Citation Number : TS-11-ITAT-2025(Mum)-TP
- Tax Payer : Sirona Dental Systems Private Limited
Income tax Appellate Tribunal
ITAT: Upholds CIT(A) applying LIBOR as interest rate on outstanding receivables
Jan 21, 2025
- In Favour of Assessee
- Citation Number : TS-12-ITAT-2025(CHNY)-TP
- Tax Payer : Saipem India Projects Limited
High Court
HC: Assessment on non-existent entity, a fatal flaw, cannot be rescued u/s 292B; Distinguishes Sky Light decision
Jan 17, 2025
- In Favour of Assessee
- Citation Number : TS-10-HC-2025(DEL)-TP
- Tax Payer : Vedanta Ltd
Income tax Appellate Tribunal
ITAT: DRP not empowered to consider issues where no variation is proposed in draft order
Jan 17, 2025
- In Favour of Both, Partially
- Citation Number : TS-08-ITAT-2025(PUN)-TP
- Tax Payer : Qubix Business Park Private Limited
Income tax Appellate Tribunal
ITAT: Directs TPO to include Magma Advisory basis not a loss-making company
Jan 17, 2025
- In Favour of Assessee
- Citation Number : TS-09-ITAT-2025(DEL)-TP
- Tax Payer : Honda R & D (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Revenue cannot presume, impose mark-up on 'negative services' or expenses for shutting business
Jan 17, 2025
- In Favour of Assessee
- Citation Number : TS-07-ITAT-2025(DEL)-TP
- Tax Payer : Motricity India Private Limited
Income tax Appellate Tribunal
ITAT: Incorrect addition by treating reimbursement as income under Article 13 of DTAA
Jan 16, 2025
- In Favour of Assessee
- Citation Number : TS-05-ITAT-2025(Mum)-TP
- Tax Payer : ISS AS, DENMARK
Income tax Appellate Tribunal
ITAT: Upholds CIT(A)'s deletion of Sec.271G penalty, considers HC decision quashing assessment order
Jan 16, 2025
- In Favour of Assessee
- Citation Number : TS-06-ITAT-2025(PUN)-TP
- Tax Payer : Undercarriage and Tractor Parts Pvt Ltd
High Court
HC: Adjudicates FabIndia's writ, notes Revenue misconstrued ITAT's direction to 'decide afresh'
Jan 16, 2025
- In Favour of Both, Partially
- Citation Number : TS-576-HC-2024(DEL)-TP
- Tax Payer : Fab India Overseas Pvt. Ltd.