Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Holds AO bypassed mandatory provisions of Sec. 144C, subsequent proceedings and orders non-est

  • In Favour of Assessee
  • Citation Number : TS-156-ITAT-2024(DEL)-TP
  • Tax Payer : Defsys Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Non-following previous trend of findings not 'mistake apparent' u/s. 254(2), dismisses Revenue's MA

  • In Favour of Assessee
  • Citation Number : TS-155-ITAT-2024(DEL)-TP
  • Tax Payer : Whirlpool of India Ltd
High Court

HC: Allows assessee’s writ petition; Holds final assessment order barred by limitation

  • In Favour of Assessee
  • Citation Number : TS-154-HC-2024(BOM)-TP
  • Tax Payer : Kent Engineering India Private Limited
Income tax Appellate Tribunal

ITAT: Every order not order u/s 119; Quashes revision against final order violating S.144C

  • In Favour of Assessee
  • Citation Number : TS-152-ITAT-2024(DEL)-TP
  • Tax Payer : WSP Consultants India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rectifies Tribunal-order; Remits working capital adjustment plea to AO/TPO

  • In Favour of Assessee
  • Citation Number : TS-153-ITAT-2024(Mum)-TP
  • Tax Payer : Deutsche Investor Services Private Limited
Income tax Appellate Tribunal

ITAT: Refuses 'blanket stay', but Revenue's interest being secured, grants Xiaomi 180 days' stay

  • In Favour of Assessee
  • Citation Number : TS-150-ITAT-2024(Bang)-TP
  • Tax Payer : Xiaomi Technology India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s exclusion of functionally dissimilar comparables for timing-belt tensioner manufacturer

  • In Favour of Assessee
  • Citation Number : TS-151-ITAT-2024(DEL)-TP
  • Tax Payer : Dayco Power Transmission Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment towards notional interest on export receivables for fresh examination

  • In Favour of Assessee
  • Citation Number : TS-148-ITAT-2024(DEL)-TP
  • Tax Payer : Paramount Communication Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs AO/TPO to recompute interest on loan fund after considering comparable

  • In Favour of Assessee
  • Citation Number : TS-149-ITAT-2024(Kol)-TP
  • Tax Payer : Titagarh Wagon Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s deletion of TP-adjustment qua performance guarantee for Shapoorji Pallonji

  • In Favour of Both, Partially
  • Citation Number : TS-147-ITAT-2024(Mum)-TP
  • Tax Payer : Shapoorji Pallonji and Company Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua technical know-how fee, allows capacity utilization adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-145-ITAT-2024(Mum)-TP
  • Tax Payer : Thermax Babcock & Wilcox Energy Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Partly allows Revenue’s MA to adjudicate ALP of interest on loan borrowed

  • In Favour of Both, Partially
  • Citation Number : TS-146-ITAT-2024(HYD)-TP
  • Tax Payer : Progress Software Development Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua drug-sale while accepting assessee's TNMM as MAM

  • In Favour of Both, Partially
  • Citation Number : TS-144-ITAT-2024(Mum)-TP
  • Tax Payer : USV Private Limited
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as international transaction, Determines ALP @0.5%; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-143-ITAT-2024(Kol)-TP
  • Tax Payer : Tega Industries Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua technical know-how fees; Holds forex gain as operating in nature

  • In Favour of Both, Partially
  • Citation Number : TS-141-ITAT-2024(Mum)-TP
  • Tax Payer : UPS Express P Ltd
Income tax Appellate Tribunal

ITAT: Distinguishes LOC from bank guarantee basis obligations, risks; Upholds TP-adjustment on LOC

  • In Favour of Both, Partially
  • Citation Number : TS-142-ITAT-2024(Ahd)-TP
  • Tax Payer : Axis Bank Limited
Income tax Appellate Tribunal

ITAT: Follows earlier order adopting LIBOR for loan-interest, directs AO to recompute ALP

  • In Favour of Both, Partially
  • Citation Number : TS-139-ITAT-2024(Kol)-TP
  • Tax Payer : GE Healthcare Finland Oy
High Court

HC: No assessment order framed after TPO's order; Directs Revenue to examine refund claim

  • In Favour of Assessee
  • Citation Number : TS-140-HC-2024(DEL)-TP
  • Tax Payer : Evalueserve.com Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on valuation principles, circle rates for DLF Urban; Rejects S.92BA(i) applicability

  • In Favour of Assessee
  • Citation Number : TS-138-ITAT-2024(DEL)-TP
  • Tax Payer : DLF Urban Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Examines ALP of royalty payment, considers consistency in conduct while interpreting agreements

  • In Favour of Assessee
  • Citation Number : TS-137-ITAT-2024(DEL)-TP
  • Tax Payer : CRM Services India Pvt Ltd