Rulings ( 10855 results )

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Income tax Appellate Tribunal

ITAT: Excludes 2 comparables failing turnover filter, remits 3 for verification in SWD segment

Jul 22, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-302-ITAT-2024(Bang)-TP
  • Tax Payer : Ribbon Communications Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t share purchase, upholds US-assessee's DCF over NAV method

Jul 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-300-ITAT-2024(Mum)-TP
  • Tax Payer : CapitalG International LLC
Income tax Appellate Tribunal

ITAT: Electronic products different from electrical ones, directs consideration of comparables dealing in former

Jul 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2024(Mum)-TP
  • Tax Payer : Advance Power Display Systems Ltd
Income tax Appellate Tribunal

ITAT: Characterizes assessee as captive SWD-service provider; Excludes comparables citing high-turnover

Jul 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-298-ITAT-2024(Bang)-TP
  • Tax Payer : Awave Semiconductor India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside TPO’s order and final assessment order as time-barred; Follows precedents

Jul 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-299-ITAT-2024(Mum)-TP
  • Tax Payer : Capgemini Technology Services India Limited
Income tax Appellate Tribunal

ITAT: Strikes down AO’s order passed on non-existent company in amalgamation; Follows precedents

Jul 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-293-ITAT-2024(HYD)-TP
  • Tax Payer : Erstwhile Amalgamating Company Sitapuram Power Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables basis functional dissimilarity, business segmentation

Jul 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-295-ITAT-2024(CHNY)-TP
  • Tax Payer : Sangsin Brakes India Private Limited
Income tax Appellate Tribunal

ITAT: Directs grant of suitable volume & marketing cost adjustment for Deutsche Equities India

Jul 18, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-296-ITAT-2024(Mum)-TP
  • Tax Payer : Deutsche Equities India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects NIL ALP for consulting charges basis evidence; Rules on guarantee, IGS

Jul 18, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-756-ITAT-2023(Ahd)-TP
  • Tax Payer : Bosch Rexroth India Ltd
Income tax Appellate Tribunal

ITAT: Dismisses TP grounds settled by APA agreements as not pressed

Jul 17, 2024
  • In Favour of None/NA
  • Citation Number : TS-289-ITAT-2024(Bang)-TP
  • Tax Payer : Goldman Sachs Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment made in respect of corporate guarantee; Follows earlier order

Jul 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-290-ITAT-2024(Mum)-TP
  • Tax Payer : Afcons Infrastructure Ltd
Income tax Appellate Tribunal

ITAT: Negatives TPO's reliance on US/European loan data for benchmarking interest charged to Bahrain-AE

Jul 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-292-ITAT-2024(Ahd)-TP
  • Tax Payer : Elitecore Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds AE as tested party, notes TPO wrongly applied Forex Filter

Jul 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-291-ITAT-2024(VIZ)-TP
  • Tax Payer : Fysolate Technologies
Income tax Appellate Tribunal

ITAT: S.144C(1) amendment effective from 01.10.2009; Quashes final order passed sans draft order

Jul 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-287-ITAT-2024(DEL)-TP
  • Tax Payer : ADM Agro Industries Kota & Akola P. Ltd
Income tax Appellate Tribunal

ITAT: Grants Xiaomi stay on demand of Rs.1995Cr & Rs.1736Cr; Rejects 'blanket stay' plea

Jul 16, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-288-ITAT-2024(Bang)-TP
  • Tax Payer : Xiaomi Technology India Pvt. Ltd
High Court

HC: Limitation period u/s.263(2) applies to matter remanded to TPO, instead of 263(3)

Jul 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-286-HC-2024(KAR)-TP
  • Tax Payer : Quest Global Engineering Services Pvt Ltd
High Court

HC: Quashes Sec.148 notice, notes mere material compliance with formalities of giving reasons for escapement

Jul 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-285-HC-2024(GUJ)-TP
  • Tax Payer : Shell Gas BV
Income tax Appellate Tribunal

ITAT: Remits benchmarking AE-receivables citing failure to comply with DRP-direction of netting-off receivables

Jul 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-284-ITAT-2024(DEL)-TP
  • Tax Payer : Stryker India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes downward adjustment qua management service charges; Follows earlier order

Jul 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-282-ITAT-2024(CHNY)-TP
  • Tax Payer : AVO Carbon India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to follow earlier order while recomputing shared-services / IGS adjustment

Jul 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-283-ITAT-2024(CHNY)-TP
  • Tax Payer : Cook India Medical Devices Private Limited