Rulings ( 10827 results )

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Income tax Appellate Tribunal

ITAT: TPO not justified in separately culling out salary cross charge for separate adjustment, deletes it

Jul 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-409-ITAT-2025(CHNY)-TP
  • Tax Payer : Sun Tec Business Solutions (P) Ltd
High Court

HC: Sets aside ITAT-order on comparables selection; Directs passing a reasoned order

Jul 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-408-HC-2025(DEL)-TP
  • Tax Payer : TPG Software Pvt Ltd
High Court

HC: Disposes of assessee’s petition, directs availing remedy before lower authorities

Jul 17, 2025
  • In Favour of Revenue
  • Citation Number : TS-405-HC-2025(DEL)-TP
  • Tax Payer : Idemia Syscom India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustments qua AMP-expenses, reimbursement; Rules on comparables selection under RPM

Jul 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-406-ITAT-2025(Mum)-TP
  • Tax Payer : Thermo Fisher Scientific India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s order treating Phillips Foods India as tested party & adopting APA-margin

Jul 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-404-ITAT-2025(CHNY)-TP
  • Tax Payer : Phillips Foods India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Considers Amway India's case against AMP-adjustment basis earlier AYs, grants stay

Jul 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-403-ITAT-2025(DEL)-TP
  • Tax Payer : Amway India Enterprises Pvt Ltd
High Court

HC: Affirms ITAT-rulings qua ALP of power-sale for computing Sec.80IA deduction, follows precedents

Jul 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-402-HC-2025(CAL)-TP
  • Tax Payer : Rungta Mines Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as international transaction; Follows Everest Kanto, Redington

Jul 10, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-400-ITAT-2025(CHNY)-TP
  • Tax Payer : Ashok Leyland Ltd
Income tax Appellate Tribunal

ITAT: No separate adjustment warranted for outstanding receivables while working capital subsumed; Rules on comparables

Jul 10, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-401-ITAT-2025(DEL)-TP
  • Tax Payer : Aristocrat Technologies India Private Limited
Income tax Appellate Tribunal

ITAT: Directs rate of interest to be applied on ECB loans as prescribed by RBI

Jul 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2025(Bang)-TP
  • Tax Payer : Gleason Works (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Directs examining if assessee considered AMP expenses in determining ALP for distribution segment

Jul 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2025(Bang)-TP
  • Tax Payer : HP India Sales Private Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s deletion of TP-addition qua management fee payment

Jul 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-397-ITAT-2025(PUN)-TP
  • Tax Payer : IAC International Automotive India Private Limited
Income tax Appellate Tribunal

ITAT: Quashes Sec. 148 notice issued in non-existing company’s name; Notes AO was intimated about amalgamation

Jul 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-396-ITAT-2025(Kol)-TP
  • Tax Payer : KKalpana Industries India Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustments qua transfer of electricity and steam; Follows precedents

Jul 08, 2025
  • In Favour of Assessee
  • Citation Number : TS-394-ITAT-2025(DEL)-TP
  • Tax Payer : K R Pulp & Papers Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP adjustment of interest paid on advance received; Directs DRP to pass speaking order

Jul 08, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-393-ITAT-2025(PAN)-TP
  • Tax Payer : Shree Renuka Sugars Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s exclusion of comparables in SWD segment for failing turnover filter, etc.

Jul 08, 2025
  • In Favour of Assessee
  • Citation Number : TS-392-ITAT-2025(Mum)-TP
  • Tax Payer : Xoriant Solutions P Ltd
Income tax Appellate Tribunal

ITAT: Refuses to condone 'inordinate' delay citing negligent conduct, dismisses Revenue's appeal

Jul 08, 2025
  • In Favour of Assessee
  • Citation Number : TS-395-ITAT-2025(DEL)-TP
  • Tax Payer : NEC Technologies India P Ltd
Income tax Appellate Tribunal

ITAT: Rejects Revenue's berry ratio for gemstone/jewelry-manufacturer, follows earlier order

Jul 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-391-ITAT-2025(JPR)-TP
  • Tax Payer : Vaibhav Global Limited
Income tax Appellate Tribunal

ITAT: Restricts guarantee commission to 0.5% as against TPO's 1.3%, follows Graphite India ruling

Jul 07, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-390-ITAT-2025(Kol)-TP
  • Tax Payer : S K Sarawagi and Company Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Infosys Limited citing functional dissimilarity, huge brand value in case of captive service provider

Jul 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2025(HYD)-TP
  • Tax Payer : SSNC Fin Tech Services India Private Limited