Rulings ( 10841 results )

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Income tax Appellate Tribunal

ITAT: Remits TP-adjustment w.r.t write-off of advances, comparables' selection, outstanding receivables, etc

Nov 12, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-474-ITAT-2024(COCH)-TP
  • Tax Payer : US Technology International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments w.r.t sale of 'call option', purchase of business, interest on CCDs

Nov 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-471-ITAT-2024(Mum)-TP
  • Tax Payer : Indorama Ventures Oxides Ankleshwar Private Limited
Income tax Appellate Tribunal

ITAT: Adopts 0.50% over TPO’s 1.9% as corporate guarantee commission; Deletes adjustment

Nov 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-472-ITAT-2024(VIZ)-TP
  • Tax Payer : 3F Industries Limited
Income tax Appellate Tribunal

ITAT: Finds no error in CIT(A)’s deletion of Sec.271G-penalty for diamond merchant

Nov 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-469-ITAT-2024(Mum)-TP
  • Tax Payer : Parishi Diamonds
Income tax Appellate Tribunal

ITAT: Holds assessment order u/s.143(3) r.w.s. 144C(3) as time-barred, follows JP Morgan Chase’s case

Nov 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-470-ITAT-2024(CHNY)-TP
  • Tax Payer : Dalmia Cement (Bharat) Limited
Income tax Appellate Tribunal

ITAT: Finds no infirmity in CIT(A) following binding precedent to delete Sec.271G-penalty

Nov 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-467-ITAT-2024(Mum)-TP
  • Tax Payer : Blue Star Diamonds Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes payment of service fees adjustment; Grants working capital adjustment for software/marketing support services

Nov 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-468-ITAT-2024(Mum)-TP
  • Tax Payer : Red Hat India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects assessee's/TPO's corporate-guarantee benchmarking using internal/external CUP; Considers OECD Guidelines

Nov 07, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-466-ITAT-2024(Mum)-TP
  • Tax Payer : Zycus Infotech Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: PCIT had no jurisdiction to revise TPO's order; Quashes Sec.263-order for Amazon India

Nov 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-463-ITAT-2024(DEL)-TP
  • Tax Payer : Amazon Web Services India Private Limited
Income tax Appellate Tribunal

ITAT: Remits adjustments qua brand-royalty payment and expense reimbursement for Vodafone India

Nov 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-465-ITAT-2024(Mum)-TP
  • Tax Payer : Vodafone India Limited
Income tax Appellate Tribunal

ITAT: Quashes PCIT’s revisionary order; AO's order not erroneous absent fresh TPO-reference

Nov 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2024(DEL)-TP
  • Tax Payer : Tinna Trade Ltd
Income tax Appellate Tribunal

ITAT: Invalidates TPO-reference, considers SDT-definition & omission of Sec.92BA(i)

Nov 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2024(CHANDI)-TP
  • Tax Payer : Saraswati Agro Chemicals (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables with different FAR; Treats forex loss/gain as non-operating income

Nov 04, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-459-ITAT-2024(DEL)-TP
  • Tax Payer : Rio Tinto India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments for transfer of electricity/steam; Follows Assessee’s earlier order

Nov 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-460-ITAT-2024(CHANDI)-TP
  • Tax Payer : Vardhman Textiles Limited
Income tax Appellate Tribunal

ITAT: Distinguishes Assessee’s earlier cases on corporate guarantee as international transaction; Upholds Redington

Oct 30, 2024
  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2024(Kol)-TP
  • Tax Payer : Graphite India Ltd
Income tax Appellate Tribunal

ITAT: Applies corporate guarantee fee @ 0.5% as against TPO's 2%, follows earlier order

Oct 30, 2024
  • In Favour of Assessee
  • Citation Number : TS-457-ITAT-2024(Kol)-TP
  • Tax Payer : Tata Consumer Products Limited
Income tax Appellate Tribunal

ITAT: CIT(A) rightly directed AO/TPO to grant risk-adjustment in accordance with Tribunal’s earlier directions

Oct 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-454-ITAT-2024(DEL)-TP
  • Tax Payer : Hyundai Rotem Company-Indian Project Offices
Income tax Appellate Tribunal

ITAT: SDT-adjustment not permissible after omitting Sec.92BA(i), declines Revenue's request to constitute SB

Oct 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-456-ITAT-2024(DEL)-TP
  • Tax Payer : DLF Midtown P Ltd
Income tax Appellate Tribunal

ITAT: Upholds final assessment order's validity being within limitation in Haier Appliances' case

Oct 29, 2024
  • In Favour of Revenue
  • Citation Number : TS-455-ITAT-2024(DEL)-TP
  • Tax Payer : Haier Appliances India Pvt Ltd
High Court

HC: Allows assessee's appeal; Excludes TCS E-Serve, Infosys from list of comparables

Oct 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-453-HC-2024(DEL)-TP
  • Tax Payer : Cadence Design Systems India Pvt Ltd