Rulings ( 11369 results )

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Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s restriction of Standby Letter of Credit fees rate to 0.5%; Dismisses Revenue’s plea

Feb 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-175-ITAT-2026(Kol)-TP
  • Tax Payer : Himadri Speciality Chemical Limited
Income tax Appellate Tribunal

ITAT: Remits corporate guarantee adjustment; Upholds TP adjustment qua interest on loan @ 5%

Feb 20, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-174-ITAT-2026(Mum)-TP
  • Tax Payer : Ocean Diving Centre Limited
High Court

HC: 8 years delay in passing OGE 'unreasonable' & barred by limitation; Confirms Single Judge's refund order

Feb 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-179-HC-2026(KAR)-TP
  • Tax Payer : Blue Yonder India Private Ltd
Income tax Appellate Tribunal

ITAT: TPO cannot reopen MAM-issue when remand confined to comparables; Upholds Unilever's external TNMM

Feb 20, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-170-ITAT-2026(Mum)-TP
  • Tax Payer : Unilever India Exports Ltd
Income tax Appellate Tribunal

ITAT: Assessee fully protected by AE's counter-guarantee, accepts commission @ 0.40% over TPO's 1.55%

Feb 20, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-171-ITAT-2026(Mum)-TP
  • Tax Payer : FirstRand Bank Limited
Income tax Appellate Tribunal

ITAT: Quashes final assessment order being time barred u/s.153; Follows Li & Fung ruling

Feb 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-173-ITAT-2026(DEL)-TP
  • Tax Payer : MUNJAL HOSPITALITY PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal as withdrawn considering letter for the same

Feb 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-172-ITAT-2026(CHNY)-TP
  • Tax Payer : Hanon Automotive Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order on ground of being passed beyond limitation period

Feb 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-169-ITAT-2026(Bang)-TP
  • Tax Payer : MetricStream Infotech (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar company; Deletes TP-adjustment qua interest on ECB

Feb 19, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-168-ITAT-2026(DEL)-TP
  • Tax Payer : Fiberhome India Private Limited
Income tax Appellate Tribunal

ITAT: Grants stay to Canon India for a period of 180 days amidst SC decision pending on AMP issue

Feb 18, 2026
  • In Favour of Assessee
  • Citation Number : TS-167-ITAT-2026(DEL)-TP
  • Tax Payer : Canon India Pvt Ltd
High Court

HC: DRP cannot issue directions once final assessment order is passed; Follows precedent

Feb 18, 2026
  • In Favour of Assessee
  • Citation Number : TS-166-HC-2026(BOM)-TP
  • Tax Payer : Fugro Survey India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Grants stay to ADP India for 6 months; Considers refund more than 20% of tax demand

Feb 17, 2026
  • In Favour of Assessee
  • Citation Number : TS-162-ITAT-2026(CHNY)-TP
  • Tax Payer : ADP India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables applying upper turnover filter; Remand PLI computation

Feb 17, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-164-ITAT-2026(CHNY)-TP
  • Tax Payer : Excelacom Technologies Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits adjustment qua provision of ITeS as TPO failed to follow DRP’s directions

Feb 17, 2026
  • In Favour of Assessee
  • Citation Number : TS-165-ITAT-2026(DEL)-TP
  • Tax Payer : Compass India Support Services Pvt. Ltd
High Court

HC: Sans deliberate/conscious concealment, can't invoke 'underreporting-misreporting' penalty; Notes Verizon's TP documentation compliance

Feb 17, 2026
  • In Favour of Assessee
  • Citation Number : TS-163-HC-2026(MAD)-TP
  • Tax Payer : Verizon Data Services Pvt Ltd
High Court

HC: Dismisses Revenue’s writ-appeal, 10-year delay in giving effect to Tribunal's directions qua comparables unreasonable

Feb 16, 2026
  • In Favour of Assessee
  • Citation Number : TS-160-HC-2026(KAR)-TP
  • Tax Payer : Scicom Contact Center Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Directs TPO recompute ALP w.r.t inter-unit power-transfer considering DRP's directions

Feb 16, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-159-ITAT-2026(CHNY)-TP
  • Tax Payer : Chettinad Cement Corporation Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits adjustment w.r.t coal purchase; Clerical error on credit note doesn’t invalidate authenticity

Feb 16, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-161-ITAT-2026(CHNY)-TP
  • Tax Payer : Coastal Energy Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order being time barred u/s.153; Follows Roca Bathroom ruling

Feb 14, 2026
  • In Favour of Assessee
  • Citation Number : TS-158-ITAT-2026(DEL)-TP
  • Tax Payer : Software One India P. Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order being time barred u/s.153 in Coca Cola India

Feb 14, 2026
  • In Favour of Assessee
  • Citation Number : TS-157-ITAT-2026(DEL)-TP
  • Tax Payer : Coca Cola India Inc