Rulings ( 10831 results )

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Income tax Appellate Tribunal

ITAT: Excludes comparables citing functional-dissimilarity, extraordinary event of amalgamation etc

Apr 04, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-137-ITAT-2025(PUN)-TP
  • Tax Payer : Gallagher Services Center LLP
Income tax Appellate Tribunal

ITAT: Remits margin computation; Excludes 2 comparables citing functional dissimilarity, failure of RPT filter etc

Apr 04, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-136-ITAT-2025(DEL)-TP
  • Tax Payer : Agilent Technologies (International) P. Ltd
Income tax Appellate Tribunal

ITAT: Confirms deletion of TP-adjustments qua corporate guarantee and SDT between eligible / non-eligible units

Apr 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-135-ITAT-2025(Kol)-TP
  • Tax Payer : Emami Limited
Income tax Appellate Tribunal

ITAT: Payment terms dependent on mutual agreement, industry practice; Remits interest on receivables

Apr 04, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-134-ITAT-2025(DEL)-TP
  • Tax Payer : Stryker Global Technology Center Private Limited
Income tax Appellate Tribunal

ITAT: Includes comparable passing persistent-loss filter, treats 'liabilities no longer required written back' as non-operating

Apr 04, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-133-ITAT-2025(DEL)-TP
  • Tax Payer : GFK Nielsen India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustments qua commission on guarantee / ECB / marketing of derivative products

Apr 03, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-130-ITAT-2025(Mum)-TP
  • Tax Payer : Credit Agricole Corporate and Investment Bank
Income tax Appellate Tribunal

ITAT: Directs consideration of revised Form-3CEB to determine AE-existence, interest-disallowance u/s.94B

Apr 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-131-ITAT-2025(Mum)-TP
  • Tax Payer : SP Imperial Star Private Limited
Income tax Appellate Tribunal

ITAT: Directs AO to give effect to DRP’s directions; Follows precedents

Apr 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-132-ITAT-2025(CHANDI)-TP
  • Tax Payer : Centrient Pharmaceuticals India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs AO/TPO to apply appropriate method for benchmarking long term loan transaction

Apr 03, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-129-ITAT-2025(Mum)-TP
  • Tax Payer : JSW Energy Ltd
High Court

HC: AO's reassessment actions guided by Superior Officer's 'dictation'; 'Borrowed satisfaction' unacceptable

Apr 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-128-HC-2025(BOM)-TP
  • Tax Payer : Agfa India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects recharacterization of equity transaction as loan; Deletes TP-adjustment

Apr 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-125-ITAT-2025(Mum)-TP
  • Tax Payer : Welspun Global Brands Ltd
Income tax Appellate Tribunal

ITAT: Directs AO/TPO to redetermine ALP by applying RPM, not TNMM as MAM

Apr 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-126-ITAT-2025(DEL)-TP
  • Tax Payer : Knauf India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes/Excludes comparables for BPO services, considers forex gains as operating income

Apr 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-127-ITAT-2025(DEL)-TP
  • Tax Payer : Cvent India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to give effect to TPO’s rectification-order rejecting companies failing RPT filter

Apr 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-124-ITAT-2025(DEL)-TP
  • Tax Payer : Inter Continental Hotels Group (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes adhoc income attribution to PE citing AO’s failure to carry out FAR analysis

Apr 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-123-ITAT-2025(Mum)-TP
  • Tax Payer : Fincantieri SPA Italiani SPA Trieste (TS)
Income tax Appellate Tribunal

ITAT: TPO's order in non-existent entity's name, despite assessee's multiple letters, is a nullity

Apr 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-120-ITAT-2025(PUN)-TP
  • Tax Payer : Capgemini Technology Services India Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables' selection for printing-ink manufacturer, notes various uses of ink

Apr 01, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-121-ITAT-2025(Kol)-TP
  • Tax Payer : DIC India Limited
Income tax Appellate Tribunal

ITAT: Penalty levied u/s.271AA inapplicable; Assessee offers sufficient explanation for difference in valuation

Apr 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-122-ITAT-2025(DEL)-TP
  • Tax Payer : Sarens Heavy Lift India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes IGS adjustment; Remits ALP-determination on fixed asset purchase

Mar 31, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-118-ITAT-2025(DEL)-TP
  • Tax Payer : Bio-Red Laboratories (India) P Ltd
Income tax Appellate Tribunal

ITAT: Discards lower authorities’ rejection of TNMM for benchmarking support services payment transaction

Mar 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-119-ITAT-2025(CHNY)-TP
  • Tax Payer : YCH Logistics India Private Limited