Rulings ( 10827 results )

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Income tax Appellate Tribunal

ITAT: Adjudicates TP-adjustments qua investment advisory & support services, ITeS for Goldman Sachs

Aug 05, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-448-ITAT-2025(Mum)-TP
  • Tax Payer : Goldman Sachs (India) Securities P. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment made for reimbursement of expenses, issue being similar as in preceding years

Aug 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-446-ITAT-2025(Mum)-TP
  • Tax Payer : DSV Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules income from scrap sales as operating, linked to assessee’s main manufacturing activity

Aug 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-447-ITAT-2025(CHNY)-TP
  • Tax Payer : ZF Wind Power Coimbatore Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows 80-IA deduction; FAR analysis irrelevant for CUP method but specifies exceptions

Aug 04, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-441-ITAT-2025(Mum)-TP
  • Tax Payer : Laxmi Organic Industries Limited
Income tax Appellate Tribunal

ITAT: AO cannot extend limitation u/s.144(13) citing DRP’s rectification u/s.154, quashes final assessment order

Aug 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-442-ITAT-2025(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd
Income tax Appellate Tribunal

ITAT: Remits TP addition qua interest on outstanding receivables; Directs TPO to examine amounts, credits given to AEs

Aug 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-440-ITAT-2025(DEL)-TP
  • Tax Payer : Acme Cleantech Solutions Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal against PCIT-order for non-prosecution

Aug 04, 2025
  • In Favour of None/NA
  • Citation Number : TS-436-ITAT-2025(Ahd)-TP
  • Tax Payer : A. Menarini India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Applies LIBOR +200 basis point with credit period of 60 days

Aug 04, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-439-ITAT-2025(DEL)-TP
  • Tax Payer : Calsonic KanseiMotherson Auto Products Private Limited
Income tax Appellate Tribunal

ITAT: Remits ALP determination qua management fees; Admits assessee’s additional evidence

Aug 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-438-ITAT-2025(PAN)-TP
  • Tax Payer : Guala Closures India Private Limited
Income tax Appellate Tribunal

ITAT: TP-provisions inapplicable to tonnage tax company, deletes adjustments w.r.t charter-hire charges, ship sale

Aug 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-437-ITAT-2025(CHNY)-TP
  • Tax Payer : GU Ocean Private Ltd
Income tax Appellate Tribunal

ITAT: Accepts Assessee's operating margin at 6.24%; No adjustment required under trading activity

Aug 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-432-ITAT-2025(DEL)-TP
  • Tax Payer : URB India Bearing Factory and Trade Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes disallowance of support services cost for Genpact, following earlier order

Aug 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-433-ITAT-2025(DEL)-TP
  • Tax Payer : Genpact Services LLC
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustment qua interest on outstanding trade receivables; Follows precedents

Aug 01, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-435-ITAT-2025(HYD)-TP
  • Tax Payer : Signode India Limited
Income tax Appellate Tribunal

ITAT: Excludes company engaged in selling newspaper being functionally dissimilar to assessee

Aug 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-434-ITAT-2025(DEL)-TP
  • Tax Payer : IRDETO Technology India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes addition qua advisory services provided by AE; Follows earlier order

Jul 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-431-ITAT-2025(Kol)-TP
  • Tax Payer : Bata India Ltd
Income tax Appellate Tribunal

ITAT: Quashes penalty levied by TPO u/s. 271G on account of jurisdictional error

Jul 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-1270-ITAT-2019(DEL)-TP
  • Tax Payer : Bio Rad Laboratories (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes 271G penalty basis assessee able to explain cause for documents submission failure

Jul 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-784-ITAT-2012(HYD)-TP
  • Tax Payer : Remy Electricals India Ltd
Income tax Appellate Tribunal

ITAT: Deletes penalty levied u/s 271G; Follows precedent

Jul 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-1133-ITAT-2016(HYD)-TP
  • Tax Payer : Bartonics India Ltd
Income tax Appellate Tribunal

ITAT: Upholds TPO's segregation but remits ALP-determination qua IGS for substantiating need, benefit etc

Jul 31, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-427-ITAT-2025(Mum)-TP
  • Tax Payer : Portescap India Private Limited
Income tax Appellate Tribunal

ITAT: Grants stay on recovery of remaining outstanding demand subject to condition of pre-deposit

Jul 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-429-ITAT-2025(DEL)-TP
  • Tax Payer : Sumitomo Corporation India P. Ltd