Rulings ( 11500 results )

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Income tax Appellate Tribunal

ITAT: Remits TP-adjustment w.r.t interest to consider currency in which loan will be repaid

Jun 16, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-340-ITAT-2025(Mum)-TP
  • Tax Payer : Gemini Property Developers India LLP
Income tax Appellate Tribunal

ITAT: Deemed-AE relationship ceasing due to common director's share-sale / resignation not 'business restructuring'

Jun 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-339-ITAT-2025(CHNY)-TP
  • Tax Payer : Inlogic Technologies Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits adjustment qua marketing services fee, restricts guarantee-fee adjustment to loan-amount utilized

Jun 13, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-337-ITAT-2025(CHNY)-TP
  • Tax Payer : Financial Software and Systems Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows 80IA deduction for transfer value of power by CPPs to manufacturing unit

Jun 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-338-ITAT-2025(Kol)-TP
  • Tax Payer : Phillips Carbon Black Ltd
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s deletion of TP-adjustment qua corporate guarantee, trade receivables; Follows earlier orders

Jun 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-336-ITAT-2025(VIZ)-TP
  • Tax Payer : CCL Products (India) Limited
High Court

HC: Dismisses Revenue’s appeal on power transfer, as covered by assessee’s earlier orders

Jun 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-333-HC-2025(CAL)-TP
  • Tax Payer : Birla Corporation Limited
Income tax Appellate Tribunal

ITAT: Upholds assessee's SBI-PLR over TPO's 'masala bond' rate for benchmarking interest on ECB

Jun 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-334-ITAT-2025(HYD)-TP
  • Tax Payer : Electronics Arts Games (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes amortization of goodwill from operating expenditure; Rules on comparables

Jun 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-335-ITAT-2025(CHNY)-TP
  • Tax Payer : Hitachi Solutions India Private Limited
Income tax Appellate Tribunal

ITAT: TPO erred in using average PLI amid auto-industry slowdown; Directs equitable comparison

Jun 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-332-ITAT-2025(CHNY)-TP
  • Tax Payer : Brakes India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds mere reduction in sales to AE no ground to reject idle capacity adjustment

Jun 12, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-331-ITAT-2025(CHNY)-TP
  • Tax Payer : Caterpillar India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside Sec.263-order passed without considering assessee’s submissions

Jun 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-328-ITAT-2025(Ahd)-TP
  • Tax Payer : GFL Ltd
Income tax Appellate Tribunal

ITAT: Assessee to substantiate existence of reimbursement expenses; Remits ALP-determination

Jun 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-329-ITAT-2025(Mum)-TP
  • Tax Payer : Jungheinrich Lift Truck India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables with high turnover, rendering high-end services in ITeS segment

Jun 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2025(Bang)-TP
  • Tax Payer : Acuity Knowledge Centre (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers Misc expenses as operating; Deletes TP-adjustment qua overdue receivables

Jun 10, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-327-ITAT-2025(CHNY)-TP
  • Tax Payer : ZF Commercial Vehicle Control Systems India Ltd
Income tax Appellate Tribunal

ITAT: Dismisses appeal w.r.t adjustments qua royalty & management charges payments as withdrawn in light of UAPA

Jun 10, 2025
  • In Favour of None/NA
  • Citation Number : TS-325-ITAT-2025(Mum)-TP
  • Tax Payer : Schindler India Private Limtied
Income tax Appellate Tribunal

ITAT: Adopts average LIBOR for imputing interest on outstanding receivables; Follows precedent

Jun 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-324-ITAT-2025(CHNY)-TP
  • Tax Payer : Acqueon Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Directs aggregation of royalty & technical fee payments after allowing customs duty adjustment, WCA

Jun 10, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-323-ITAT-2025(CHNY)-TP
  • Tax Payer : Doowon Automotive Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s ground on IGS; Follows earlier AY on similar facts and agreement

Jun 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-322-ITAT-2025(Mum)-TP
  • Tax Payer : Zensar Technologies Ltd
Income tax Appellate Tribunal

ITAT: Upholds Revenue's aggregation approach under TNMM for pharma co, but excludes APA-covered transactions

Jun 10, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-326-ITAT-2025(HYD)-TP
  • Tax Payer : Mylan Laboratories Ltd.
Income tax Appellate Tribunal

ITAT: Remits ALP qua IGS transaction, directs TPO to compare assessee’s global policy with agreements in force

Jun 09, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-319-ITAT-2025(Bang)-TP
  • Tax Payer : Synechron Technologies Pvt Ltd