Rulings ( 11311 results )

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Income tax Appellate Tribunal

ITAT: Sets aside NIL ALP determined qua technical services; Remits issue

Nov 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-652-ITAT-2025(GAU)-TP
  • Tax Payer : Assam Bio Ethanol Private Limited
Income tax Appellate Tribunal

ITAT: Upholds adoption of cash PLI, exclusion of comparables for failing turnover filter etc,

Nov 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-651-ITAT-2025(Bang)-TP
  • Tax Payer : AMD India Private Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP adjustment qua delayed realization of export receivables; Applies rule of consistency

Nov 04, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-648-ITAT-2025(Mum)-TP
  • Tax Payer : S Vinodkumar Diamonds Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order for non-compliance with DRP Directions; Holds order violates Sec.144C(13)

Nov 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2025(CHNY)-TP
  • Tax Payer : Smartek21 Private Limited
Income tax Appellate Tribunal

ITAT: Restores adjustments w.r.t ITES / manufacturing segments and management charges; Follows earlier order

Nov 04, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-650-ITAT-2025(Ahd)-TP
  • Tax Payer : BUNDY INDIA LIMITED
Income tax Appellate Tribunal

ITAT: Upholds validity of TPO-reference, rules on treatment of ESOP expense, functional classification, etc

Nov 03, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-641-ITAT-2025(Bang)-TP
  • Tax Payer : Sankalp Semiconductor Private Limited
Income tax Appellate Tribunal

ITAT: Deletes addition made qua reimbursement for IT support services treated as FIS; Follows earlier orders

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-647-ITAT-2025(DEL)-TP
  • Tax Payer : Inveso Holding Company (US) Inc
Income tax Appellate Tribunal

ITAT: Adopts ‘interest saving method’ to arrive at fair corporate guarantee estimation; Rejects CIT(A)’s adoption of 1%

Oct 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-643-ITAT-2025(Kol)-TP
  • Tax Payer : National Engineering Industries Ltd
Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee to 0.5% against TPO’s 1%; Follows earlier order

Oct 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-642-ITAT-2025(Kol)-TP
  • Tax Payer : Tata Consumer Products Limited
Income tax Appellate Tribunal

ITAT: Deletes adjustment for reimbursement of expenses basis TPO's failure to understand the issue

Oct 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-645-ITAT-2025(DEL)-TP
  • Tax Payer : IDP Education India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Directs assessee to substantiate FAR similarity qua AE & non-AE segments, remits interest on receivables

Oct 31, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-644-ITAT-2025(Bang)-TP
  • Tax Payer : WEG Industries (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Expense reimbursement did not qualify as SDT; Confirms CIT(A)’s deletion of adjustment

Oct 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-633-ITAT-2025(Ahd)-TP
  • Tax Payer : Mytrah Vayu (Gujarat) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s decision allowing assessee’s claim of deduction u/s.80IA; Follows precedent

Oct 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-634-ITAT-2025(CHNY)-TP
  • Tax Payer : Sri Shanmugavel – Mills Pvt. Ltd
High Court

HC: Directs AO to pass final assessment order after DRP's disposal of assessee's application u/s.144C(2)

Oct 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-640-HC-2025(MAD)-TP
  • Tax Payer : American megatrends International India Private Limited
High Court

HC: Holds TP-addition non-est, as proceedings to give effect to DRP’s directions barred by limitation

Oct 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-637-HC-2025(BOM)-TP
  • Tax Payer : Archroma International (India) Private Limited
High Court

HC: Limitation u/s.144C(13) to be computed from date of uploading DRP-order; Follows Louis Dreyfus ruling

Oct 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-638-HC-2025(DEL)-TP
  • Tax Payer : Hyundai Rotem Company
Income tax Appellate Tribunal

ITAT: Rejects recharacterisation of Netflix India as full-fledged entrepreneur or content-provider; Deletes Rs.445 Cr adjustment

Oct 29, 2025
  • In Favour of Assessee
  • Citation Number : TS-636-ITAT-2025(Mum)-TP
  • Tax Payer : Netflix Entertainment Services India LLP
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s MA challenging Tribunal-order in case of UCWEB Mobile

Oct 29, 2025
  • In Favour of Revenue
  • Citation Number : TS-635-ITAT-2025(DEL)-TP
  • Tax Payer : UCWEB Mobile Pvt.Ltd
Income tax Appellate Tribunal

ITAT: Upholds adoption of CUP method, deletion of addition w.r.t import transaction

Oct 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-631-ITAT-2025(DEL)-TP
  • Tax Payer : Tvarur and Fats Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment towards brand royalty payment in case of Vodafone Idea, follows precedents

Oct 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-632-ITAT-2025(DEL)-TP
  • Tax Payer : Vodafone Idea Ltd