Rulings ( 10937 results )

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Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal as withdrawn in light of settlement under VsVS

Jun 23, 2025
  • In Favour of None/NA
  • Citation Number : TS-354-ITAT-2025(CHNY)-TP
  • Tax Payer : Siemens Gamesa Renewable Energy Sociedad Anonima
Income tax Appellate Tribunal

ITAT: Directs AO to keep recovery of demand in abeyance till disposal of appeal or 180 days

Jun 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-355-ITAT-2025(Bang)-TP
  • Tax Payer : MatchMove India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 5 functionally-dissimilar comparables; Remits TP-adjustment qua interest on receivables

Jun 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-357-ITAT-2025(Bang)-TP
  • Tax Payer : Dynatrace India Software Operations Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection and working capital adjustment; Follows precedents

Jun 23, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-358-ITAT-2025(CHNY)-TP
  • Tax Payer : Symantec Software and Services India Private Limited
Income tax Appellate Tribunal

ITAT: Holds forex loss as operating item; Grants adjustment for product development expenses

Jun 23, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-359-ITAT-2025(CHNY)-TP
  • Tax Payer : HSI Automotive Private Limited
Income tax Appellate Tribunal

ITAT: Upholds validity of assessment proceedings u/s.144C; Assessee 'eligible', not prejudiced by 'improper service'

Jun 20, 2025
  • In Favour of Revenue
  • Citation Number : TS-349-ITAT-2025(DEL)-TP
  • Tax Payer : Geopetrol International Inc
Income tax Appellate Tribunal

ITAT: Excludes comparables applying upper turnover filter of Rs.200 crores for software segment

Jun 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-351-ITAT-2025(Bang)-TP
  • Tax Payer : Atmecs Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee commission at 0.50% instead of 1.82%

Jun 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-353-ITAT-2025(Kol)-TP
  • Tax Payer : Mcleod Russel India Limited
High Court

HC: Limitation u/s 144C(13) reckons from date DRP directions become visible to AO, not ITBA upload

Jun 20, 2025
  • In Favour of Revenue
  • Citation Number : TS-352-HC-2025(MAD)-TP
  • Tax Payer : Extreme Networks India Pvt Ltd
High Court

HC: States that DIN was subsequently interpolated in DRP-proceedings, imposes 1 lakh costs on Revenue

Jun 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-350-HC-2025(MAD)-TP
  • Tax Payer : Sutherland Global Services Inc.
Income tax Appellate Tribunal

ITAT: Directs margin recomputation by adopting annual report; Restricts interest on loan to 9%

Jun 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-346-ITAT-2025(RAN)-TP
  • Tax Payer : Usha Martin Limited (Earlier known as Usha Beltron Limited)
Income tax Appellate Tribunal

ITAT: Accepts foreign AE as tested party; Rejects persistent loss-making & employee cost filters

Jun 18, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-347-ITAT-2025(CHNY)-TP
  • Tax Payer : OrangeScape Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Precondition of existence of 'arrangement' unfulfilled, proviso to Sec.80IA(10) not applicable

Jun 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-348-ITAT-2025(Mum)-TP
  • Tax Payer : KBS Creations
Income tax Appellate Tribunal

ITAT: Remits ALP determination of management fee charges; Directs DRP to adjudicate afresh

Jun 17, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-343-ITAT-2025(Bang)-TP
  • Tax Payer : WeWork India Management P Ltd
Income tax Appellate Tribunal

ITAT: Accepts TNMM over hypothetical CUP for benchmarking IGS; Follows earlier orders

Jun 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-344-ITAT-2025(Bang)-TP
  • Tax Payer : Bostik India Private Limited
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as international transaction; Determines guarantee fee at 0.5%

Jun 17, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-345-ITAT-2025(Kol)-TP
  • Tax Payer : Tega Industries Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment w.r.t R&D expenses, notes no transfer of technology/benefit to AE

Jun 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-342-ITAT-2025(RAN)-TP
  • Tax Payer : Tata Cummins Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua global client management fees, follows earlier orders

Jun 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-341-ITAT-2025(Mum)-TP
  • Tax Payer : ISS Facility Services India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment w.r.t interest to consider currency in which loan will be repaid

Jun 16, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-340-ITAT-2025(Mum)-TP
  • Tax Payer : Gemini Property Developers India LLP
Income tax Appellate Tribunal

ITAT: Deemed-AE relationship ceasing due to common director's share-sale / resignation not 'business restructuring'

Jun 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-339-ITAT-2025(CHNY)-TP
  • Tax Payer : Inlogic Technologies Pvt. Ltd