Rulings ( 11898 results )

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Income tax Appellate Tribunal

ITAT: Holds loss on foreign exchange translation relating to ECBs as non-operating income

  • In Favour of Assessee
  • Citation Number : TS-11-ITAT-2026(DEL)-TP
  • Tax Payer : Idemitsu Lube India Private Limited
Income tax Appellate Tribunal

ITAT: Holds impractical parameters cannot be ground to deny working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-10-ITAT-2026(Mum)-TP
  • Tax Payer : Red Hat India Private Limited
Income tax Appellate Tribunal

ITAT: Treats export incentive as operating income; Deletes TP-adjustment qua notional interest on overdue receivables

  • In Favour of Both, Partially
  • Citation Number : TS-09-ITAT-2026(CHNY)-TP
  • Tax Payer : Turbo Energy Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua interest on loans; Notes no basis to conclude profit-shifting, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-08-ITAT-2026(Mum)-TP
  • Tax Payer : Viraj Solar Maharashtra Private Limited
Income tax Appellate Tribunal

ITAT: Deletes adjustment w.r.t interest on delayed receivables, considers debt-free status & working capital margin

  • In Favour of Assessee
  • Citation Number : TS-07-ITAT-2026(DEL)-TP
  • Tax Payer : ERM INDIA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Directs re-examination of nature of transactions, applicability of TP provisions, MAM selection etc

  • In Favour of Both, Partially
  • Citation Number : TS-06-ITAT-2026(Mum)-TP
  • Tax Payer : Corporate Worldwide Stay LLP
Income tax Appellate Tribunal

ITAT: Allows deduction u/s.80IA claimed by assessee; Deletes downward adjustment

  • In Favour of Assessee
  • Citation Number : TS-05-ITAT-2026(CHNY)-TP
  • Tax Payer : The India Cements Limited
Income tax Appellate Tribunal

ITAT: Allows Revenue’s MA; Rectifies Tribunal’s order w.r.t treatment of foreign AE as tested party

  • In Favour of Revenue
  • Citation Number : TS-810-ITAT-2025(CHNY)-TP
  • Tax Payer : Financial Software and Systems Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s deletion of TP-adjustment qua import transaction under manufacturing, trading and service segments

  • In Favour of Assessee
  • Citation Number : TS-03-ITAT-2026(DEL)-TP
  • Tax Payer : Exxon Mobil Lubricants Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua transfer of electricity & steam, considers earlier order

  • In Favour of Assessee
  • Citation Number : TS-807-ITAT-2025(ASR)-TP
  • Tax Payer : Satia Industries Limited
High Court

HC: Confirms ITAT’s order deleting TP-adjustments w.r.t payments for IGS and royalty

  • In Favour of Assessee
  • Citation Number : TS-808-HC-2025(DEL)-TP
  • Tax Payer : Borgwarner Emissions Systems India Pvt Ltd
High Court

HC: Quashes final assessment order passed 5 months beyond from due date

  • In Favour of Assessee
  • Citation Number : TS-809-HC-2025(KAR)-TP
  • Tax Payer : Zynga Game Network India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds Agency and Marketing support services as distinct segments; Remits TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-04-ITAT-2026(DEL)-TP
  • Tax Payer : Spectris Technologies [P] Ltd
Income tax Appellate Tribunal

ITAT: Remits TP adjustment made towards interest on outstanding receivables; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-805-ITAT-2025(Bang)-TP
  • Tax Payer : Safran Engineering Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates issues w.r.t cost allocation, comparables selection under software development etc

  • In Favour of Both, Partially
  • Citation Number : TS-804-ITAT-2025(Bang)-TP
  • Tax Payer : Eka Software Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s MAs against Tribunal-order for Shapoorji Pallonji concerning corporate guarantee, comfort letter

  • In Favour of Assessee
  • Citation Number : TS-806-ITAT-2025(Mum)-TP
  • Tax Payer : Shapoorji Pallonji and Company Private Limited
Income tax Appellate Tribunal

ITAT: Quashes revision order, PCIT’s claim of error falters as no TPO order u/s. 92CA(3) exists on record

  • In Favour of Assessee
  • Citation Number : TS-02-ITAT-2026(Mum)-TP
  • Tax Payer : Red Hat India Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s Misc. Application; Rectifies Tribunal’s order on TP-adjustment w.r.t claim u/s.80-IC

  • In Favour of Assessee
  • Citation Number : TS-799-ITAT-2025(CHNY)-TP
  • Tax Payer : Titan Company Ltd
High Court

HC: Quashes draft order and DRP’s directions as both erred in holding assessee 'eligible’

  • In Favour of Assessee
  • Citation Number : TS-803-HC-2025(KAR)-TP
  • Tax Payer : HITACHI ENERGY INDIA LIMITED
Income tax Appellate Tribunal

ITAT: Remits comparable for RPT verification, excludes on account of failing turnover filter

  • In Favour of Both, Partially
  • Citation Number : TS-802-ITAT-2025(Bang)-TP
  • Tax Payer : AMD India Private Ltd