Rulings ( 11494 results )

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High Court

HC: Dismisses Revenue’s appeal challenging assessee’s aggregation approach for benchmarking international transactions

Mar 26, 2026
  • In Favour of Revenue
  • Citation Number : TS-264-HC-2026(BOM)-TP
  • Tax Payer : Tetra Pak India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables engaged in diverse activities in SWD and MSS segments

Mar 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-263-ITAT-2026(Bang)-TP
  • Tax Payer : Analog Devices India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MA, modifies Tribunal’s earlier order on comparables

Mar 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-262-ITAT-2026(DEL)-TP
  • Tax Payer : WNS Business Consulting Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP addition qua brand royalty payment & SDT for Vodafone Idea; Follows precedents

Mar 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-257-ITAT-2026(DEL)-TP
  • Tax Payer : Vodafone Idea Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-addition qua transfer of electricity, follows earlier order; Excludes functionally dissimilar comparable

Mar 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-258-ITAT-2026(DEL)-TP
  • Tax Payer : DCM Shriram Ltd
Income tax Appellate Tribunal

ITAT: Refuses to apply MAP qua US-AEs to transactions with non-US AEs

Mar 25, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-256-ITAT-2026(Bang)-TP
  • Tax Payer : NTT DATA Global Delivery Services Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination; Notes TPO-reference not made despite transaction exceeding Rs.5 cr

Mar 24, 2026
  • In Favour of Revenue
  • Citation Number : TS-255-ITAT-2026(DEL)-TP
  • Tax Payer : Arkadin Confer India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments w.r.t sale of belt etc, and administrative & consultancy expenses

Mar 24, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-248-ITAT-2026(CHNY)-TP
  • Tax Payer : Fenner Conveyor Belting Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects Nil ALP qua transfer of steam, frowns on Sec.144C transgression; Follows precedents

Mar 24, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-254-ITAT-2026(DEL)-TP
  • Tax Payer : DCM Shriram Industries Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables; Quashes time-barred final assessment order

Mar 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-253-ITAT-2026(DEL)-TP
  • Tax Payer : Kronos Solutions India Private Limited
Income tax Appellate Tribunal

ITAT: Accepts assessee’s plea; Excludes Bizsense Solutions being functionally dissimilar

Mar 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-246-ITAT-2026(CHNY)-TP
  • Tax Payer : Merit Data and Technology Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Extends stay for 180 days or till disposal of pending appeal; Considering SC-decision pendency in case of Roca Bathroom

Mar 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-252-ITAT-2026(DEL)-TP
  • Tax Payer : Fujifilm India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants stay to Whirlpool of India for 180 days or till the disposal of pending appeal

Mar 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-251-ITAT-2026(DEL)-TP
  • Tax Payer : Whirlpool of India Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay to assessee for 180 days; Directs assessee to deposit 35 lakhs

Mar 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-250-ITAT-2026(DEL)-TP
  • Tax Payer : MyKaarma.com India Private Limited
Income tax Appellate Tribunal

ITAT: Confirms deletion of TP-adjustment qua export of pharmaceutical products; Follows earlier order

Mar 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-244-ITAT-2026(Mum)-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT: Directs assessee to pay 20% of tax demand for royalty payment and purchase of fixed assets

Mar 20, 2026
  • In Favour of Assessee
  • Citation Number : TS-249-ITAT-2026(DEL)-TP
  • Tax Payer : Borg Warner Emissions Systems India Private Limited
Income tax Appellate Tribunal

ITAT: Extends stay for further 180 days or till disposal of appeal in case of Cisco Systems

Mar 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-239-ITAT-2026(Bang)-TP
  • Tax Payer : Cisco Systems International B.V
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s deletion of LTCL on redemption of NCCPs; Follows earlier orders

Mar 19, 2026
  • In Favour of Assessee
  • Citation Number : TS-245-ITAT-2026(Mum)-TP
  • Tax Payer : Reliance Industries Limited
Income tax Appellate Tribunal

ITAT: Restores TP-adjustment w.r.t interest on ECBs; Considers change of lender, floating vs. fixed rate, etc.

Mar 18, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-247-ITAT-2026(Bang)-TP
  • Tax Payer : Goldman Sachs Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal; Upholds CIT(A)’s decision w.r.t comparables selection

Mar 18, 2026
  • In Favour of Assessee
  • Citation Number : TS-240-ITAT-2026(Mum)-TP
  • Tax Payer : BP India Pvt. Ltd