Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments qua export commission, royalty payment; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-39-ITAT-2024(DEL)-TP
  • Tax Payer : Honda Motorcycle & Scooter India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables in SWD segment; Remits outstanding receivables adjustment; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-36-ITAT-2024(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd
High Court

HC: Dismisses assessee’s appeal against ITAT order recalled on guarantee fee adjustment

  • In Favour of None/NA
  • Citation Number : TS-37-HC-2024(GUJ)-TP
  • Tax Payer : Bosch Rexroth (India) Ltd
Income tax Appellate Tribunal

ITAT: Holds CIT(A) not empowered to restore matter back to AO u/s 251

  • In Favour of Assessee
  • Citation Number : TS-35-ITAT-2024(Mum)-TP
  • Tax Payer : AJE India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in trading segment; Restricts ALP to AE transactions

  • In Favour of Both, Partially
  • Citation Number : TS-34-ITAT-2024(Bang)-TP
  • Tax Payer : Yokogawa India Ltd
Income tax Appellate Tribunal

ITAT: Extends stay of Rs.1833.22 crores for 6 months; Follows Pepsi Foods, SAP Labs rulings

  • In Favour of Assessee
  • Citation Number : TS-31-ITAT-2024(Bang)-TP
  • Tax Payer : Xiaomi Technology India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes SDT-adjustment basis omission of Sec.92BA(i), follows precedent

  • In Favour of Assessee
  • Citation Number : TS-32-ITAT-2024(Mum)-TP
  • Tax Payer : Infrastructure Leasing and Financial Services Limited
High Court

HC: Dismisses Revenue's appeal against ITAT order deleting AMP-adjustment qua Adidas India

  • In Favour of Assessee
  • Citation Number : TS-33-HC-2024(DEL)-TP
  • Tax Payer : Adidas India Marketing Pvt Ltd
High Court

HC: TPO’s interdiction post DRP order unwarranted; Quashes assessment, penalty proceedings

  • In Favour of Assessee
  • Citation Number : TS-30-HC-2024(DEL)-TP
  • Tax Payer : Louis Dreyfus Company India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds revision order citing deviation in treatment of forex loss without reason

  • In Favour of Revenue
  • Citation Number : TS-28-ITAT-2024(HYD)-TP
  • Tax Payer : Corteva Agriscience Services India Private Limited
Income tax Appellate Tribunal

ITAT: Applies corporate guarantee fee @ 0.5%; Accepts assessee's weighted average rate w.r.t loan-interest

  • In Favour of Both, Partially
  • Citation Number : TS-29-ITAT-2024(Mum)-TP
  • Tax Payer : The Tata Power Co Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally-dissimilar Nihilent Ltd resulting in deletion of entire adjustment

  • In Favour of Assessee
  • Citation Number : TS-26-ITAT-2024(Mum)-TP
  • Tax Payer : Ingram Micro India SSC Private Limited
Income tax Appellate Tribunal

ITAT: Character of loan, whether quasi-capital, to be seen at time of advancement

  • In Favour of Both, Partially
  • Citation Number : TS-27-ITAT-2024(Ahd)-TP
  • Tax Payer : Intas Pharmaceuticals Ltd.
Income tax Appellate Tribunal

ITAT: AO’s inaction, leading to time-barred assessment, is prejudicial; Upholds revision

  • In Favour of Revenue
  • Citation Number : TS-25-ITAT-2024(Mum)-TP
  • Tax Payer : JP Morgan Chase Bank N.A
Income tax Appellate Tribunal

ITAT: Affirms Revenue's treatment of 100-crore cash payment pursuant to merger as deemed loan

  • In Favour of Revenue
  • Citation Number : TS-24-ITAT-2024(Mum)-TP
  • Tax Payer : Dimexon Diamonds Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on account of corporate guarantee; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-1268-ITAT-2019(Kol)-TP
  • Tax Payer : Hindusthan National Glass & Industries
Income tax Appellate Tribunal

ITAT: Allows Sec.80IA deduction qua sale of power, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-21-ITAT-2024(RAI)-TP
  • Tax Payer : Mahendra Sponge & Power Pvt Ltd
High Court

HC: Disposes of appeal against Tribunal’s order deleting corporate-guarantee adjustment; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-23-HC-2024(CAL)-TP
  • Tax Payer : Hindusthan National Glass & Industries Limited
High Court

HC: Quashes time barred assessment; Directs release of refund adjusted against inexistent demand in 3 weeks

  • In Favour of Assessee
  • Citation Number : TS-22-HC-2024(DEL)-TP
  • Tax Payer : Readers Digest Book and Home Entertainment India P Ltd
Income tax Appellate Tribunal

ITAT: Deletes interest on share application money pending allotment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-20-ITAT-2024(Mum)-TP
  • Tax Payer : Strides Pharma Science Ltd