Rulings ( 10730 results )

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Income tax Appellate Tribunal

ITAT: Holds TPO erred in applying restrictions u/s.94B for benchmarking interest on NCDs

Jun 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-312-ITAT-2025(Mum)-TP
  • Tax Payer : Beauty Etoile Private Limited
Income tax Appellate Tribunal

ITAT: Upholds TPO-reference by Technical Unit whose functions u/s.144B(3) include assistance on TP-issues

Jun 05, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-310-ITAT-2025(DEL)-TP
  • Tax Payer : UCWEB Mobile Pvt.Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment for deduction u/s. 80IA; Confirms assessee’s ALP for power transferred

Jun 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-309-ITAT-2025(JPR)-TP
  • Tax Payer : Mangalam Cement Ltd
Income tax Appellate Tribunal

ITAT: Directs addition recomputation @ 0.5% on corporate financial guarantee; Follows Everest Kanto Cylinder

Jun 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-308-ITAT-2025(Mum)-TP
  • Tax Payer : United Phosphorous Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s miscellaneous application for making changes in its earlier order

Jun 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-307-ITAT-2025(DEL)-TP
  • Tax Payer : DLF Midtown P Ltd
Income tax Appellate Tribunal

ITAT: Remits adjustment qua line-production services, TP-applicability not dependent on accounting method

Jun 03, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-306-ITAT-2025(Mum)-TP
  • Tax Payer : Friday Storytellers LLP
Income tax Appellate Tribunal

ITAT: Rules on adjustments qua software cost allocation, expense reimbursement, transfer of electricity, etc

Jun 03, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-304-ITAT-2025(DEL)-TP
  • Tax Payer : SRF Limited
High Court

HC: Sets aside TPO’s order and draft assessment passed without considering assessee’s reply

Jun 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-305-HC-2025(DEL)-TP
  • Tax Payer : LOCONAV INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua management service payment; Applies rule of consistency

Jun 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-302-ITAT-2025(CHNY)-TP
  • Tax Payer : AVO Carbon India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment qua outstanding trade receivables for debt free assessee-company

Jun 03, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-303-ITAT-2025(CHNY)-TP
  • Tax Payer : Stanadyne India Private Limited
Income tax Appellate Tribunal

ITAT: Grants stay of demand for 180 days; Considers two assessment orders being passed for same AY

Jun 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-301-ITAT-2025(DEL)-TP
  • Tax Payer : OutSystems Singapore Pte. Ltd
Income tax Appellate Tribunal

ITAT: Applies 0.5% as commission fee for Stand-by Letter of Credit

Jun 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-300-ITAT-2025(DEL)-TP
  • Tax Payer : Lava International Limited
Income tax Appellate Tribunal

ITAT: Excludes prior period expenditure for PLI computation; Excludes comparables citing high turnover

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2025(CHNY)-TP
  • Tax Payer : Information Evolution India Pvt. Ltd
High Court

HC: Disposes of assessee’s writ considering modified returns in APA

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-299-HC-2025(DEL)-TP
  • Tax Payer : Corteva Agriscience Services India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables selection in ITeS; Treats forex gain/loss as operating income

Jun 02, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-296-ITAT-2025(PUN)-TP
  • Tax Payer : Vodafone Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment made w.r.t processing fees received on guarantee; Follows earlier orders

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-295-ITAT-2025(Mum)-TP
  • Tax Payer : Australia and New Zealand Banking Group Ltd
Income tax Appellate Tribunal

ITAT: Rules functional attribute as primary factor while undertaking comparability analysis under RPM

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-298-ITAT-2025(Mum)-TP
  • Tax Payer : Troy Chemicals India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Accepts PLR over LIBOR for benchmarking FCCDs; Follows SB ruling

May 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-293-ITAT-2025(HYD)-TP
  • Tax Payer : Hyderabad Infratech Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s orders deleting penalty u/s 271G and 271AA

May 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-294-ITAT-2025(PUN)-TP
  • Tax Payer : ELICA PB Whirlpool Kitchen Appliances Private Limited
Income tax Appellate Tribunal

ITAT: Rules on AMP-adjustment, interest on loan/receivables, comparables selection etc for confectionery manufacturer

May 30, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-290-ITAT-2025(DEL)-TP
  • Tax Payer : Wrigley India Private Limited