Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Dismisses assessee’s MA qua interest on receivables, invoice-wise details not filed earlier

  • In Favour of Revenue
  • Citation Number : TS-56-ITAT-2024(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.
Income tax Appellate Tribunal

ITAT: Upholds comparables selected by TPO/DRP; Remits interest on outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-54-ITAT-2024(VIZ)-TP
  • Tax Payer : Teejay India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for AMP expenses alleged as brand promotion; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-55-ITAT-2024(CHNY)-TP
  • Tax Payer : Hyundai Motor India Limited
High Court

HC: Dismisses Revenue's application since prior appellate order compliant with SAP Labs judgment

  • In Favour of Assessee
  • Citation Number : TS-52-HC-2024(BOM)-TP
  • Tax Payer : B.P. India Services Pvt. Ltd
High Court

HC: TP adjustment to be restricted to AE-transaction only; Remits matter for consideration of precedents

  • In Favour of Assessee
  • Citation Number : TS-51-HC-2024(KAR)-TP
  • Tax Payer : Wipro Enterprises Private Limited
Income tax Appellate Tribunal

ITAT: No change in facts to deviate from TNMM to CUP; Confirms rejection of multiple/ prior year data

  • In Favour of Both, Partially
  • Citation Number : TS-49-ITAT-2024(VIZ)-TP
  • Tax Payer : Teejay India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments qua Letter of comfort, interest on delayed realization

  • In Favour of Assessee
  • Citation Number : TS-50-ITAT-2024(Mum)-TP
  • Tax Payer : Tata International Limited
Income tax Appellate Tribunal

ITAT: Rejects assessee’s own recharacterization as distributor, upholds CUP to benchmark API-import

  • In Favour of Both, Partially
  • Citation Number : TS-48-ITAT-2024(Mum)-TP
  • Tax Payer : Fulford (India) Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables, directs AO/TPO to examine working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-47-ITAT-2024(VIZ)-TP
  • Tax Payer : Brandix Apparel India Private Limited
High Court

HC: Reference to Sec 144C(1) identifies order as draft assessment order

  • In Favour of Revenue
  • Citation Number : TS-750-HC-2023(MAD)-TP
  • Tax Payer : The Ramco Cements Limited
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s deletion of TP-adjustment qua sale of power u/s.80IA; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-46-ITAT-2024(Kol)-TP
  • Tax Payer : IFB Agro Industries Ltd
High Court

HC: Dismisses Revenue's appeal against ITAT order quashing time-barred assessment u/s.144C

  • In Favour of Assessee
  • Citation Number : TS-45-HC-2024(DEL)-TP
  • Tax Payer : Fiberhome India Private Limited
Income tax Appellate Tribunal

ITAT: Holds final order passed by AO beyond limitation u/s.144C as void

  • In Favour of Assessee
  • Citation Number : TS-749-ITAT-2023(DEL)-TP
  • Tax Payer : Fiberhome India Private Limited
High Court

HC: Confirms exclusion of Modicare, adoption of TNMM for Oriflame India; Applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-44-HC-2024(DEL)-TP
  • Tax Payer : Oriflame India Private Limited
Income tax Appellate Tribunal

ITAT: Remits economic adjustments towards excess depreciation, capacity under-utilization

  • In Favour of Both, Partially
  • Citation Number : TS-43-ITAT-2024(Mum)-TP
  • Tax Payer : Schott Glass India Pvt Ltd
High Court

HC: Refuses to interfere with ITAT’s deletion of TP-adjustment on purchase, sale transactions

  • In Favour of Assessee
  • Citation Number : TS-42-HC-2024(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd
High Court

HC: Foreign AE can be tested party; Dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-40-HC-2024(CAL)-TP
  • Tax Payer : ITC Infotech India Ltd
High Court

HC: Dismisses Revenue's appeal against ITAT's confirmation of 0.5% guarantee commission

  • In Favour of Assessee
  • Citation Number : TS-41-HC-2024(CAL)-TP
  • Tax Payer : Karam Chand Thapar & Bros. Coal Sales Limited
Income tax Appellate Tribunal

ITAT: Accepts foreign-AE as tested party, deletes other TP-adjustments; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-941-ITAT-2022(Kol)-TP
  • Tax Payer : ITC Infotech India Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua alleged interest receivable on AE-advance, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-38-ITAT-2024(DEL)-TP
  • Tax Payer : BSC C&C Joint Venture