Rulings ( 10858 results )

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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
High Court

HC: Samsung India not 'contract manufacturer', royalty payment to Korean parent not profit-shifting

Jul 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-281-HC-2024(DEL)-TP
  • Tax Payer : Samsung India Electronics Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Refuses to interfere with CIT(A)’s finding on TP-adjustment qua outstanding receivables

Jul 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-279-ITAT-2024(DEL)-TP
  • Tax Payer : Knowledge Infrastructure Systems Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Directs charging interest on loan @LIBOR+300 points, corporate guarantee commission @0.5%

Jul 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-280-ITAT-2024(DEL)-TP
  • Tax Payer : Maharashtra Seamless Ltd
Income tax Appellate Tribunal

ITAT: Statute defines no limitation for passing draft assessment order, upholds validity thereof

Jul 12, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-278-ITAT-2024(Bang)-TP
  • Tax Payer : InMobi Technology Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: TPO-order, final assessment order barred by limitation; Confirms deletion of TP-adjustment, Sec.14A disallowance

Jul 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-275-ITAT-2024(Mum)-TP
  • Tax Payer : Gupshup Technology India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO's artificial bifurcation into saleable/non-saleable units, allows Sec.80IA relief

Jul 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-277-ITAT-2024(CHNY)-TP
  • Tax Payer : The Ramco Cements Limited
Supreme Court

SC: Dismisses Revenue’s SLP citing inordinate delay; Expresses no opinion on AMP issue

Jul 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-276-SC-2024-TP
  • Tax Payer : Xerox India Ltd
Income tax Appellate Tribunal

ITAT: Remits benchmarking AE-interest to determine appropriate rate based on LIBOR/SBI PLR

Jul 10, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-273-ITAT-2024(HYD)-TP
  • Tax Payer : TEK Systems Global Services (P) Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for investment advisory service provider basis functional similarity

Jul 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-274-ITAT-2024(Mum)-TP
  • Tax Payer : TPG Capital India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Guarantee ceases on classification of loan as NPA; Deletes TP-adjustment qua guarantee

Jul 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-272-ITAT-2024(DEL)-TP
  • Tax Payer : JE Energy Ventures Private Limited
Foreign Court

FC: Mauritian ARC sees through Taxpayer's "smoke screen", holds royalty purposely inflated for tax avoidance

Jul 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-271-FC-2024(MAU)-TP
  • Tax Payer : Avago Technologies Trading Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal challenging limitation period of TPO-order; Refers to Pfizer Healthcare ruling

Jul 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-269-ITAT-2024(Mum)-TP
  • Tax Payer : Huhtamaki India Limited (earlier known as to Huhtamaki PPL Limited)
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustment qua provision of services, restricts guarantee commission to 0.5%

Jul 05, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-270-ITAT-2024(Ahd)-TP
  • Tax Payer : Priya Blue Industries Pvt Ltd
Foreign Court

FC: Canadian SC holds Tax Court cannot review Minister's discretionary denial of Dow-Chemical's request for downward TP-adjustment

Jul 04, 2024
  • In Favour of Revenue
  • Citation Number : TS-268-FC-2024(CAN)-TP
  • Tax Payer : Dow Chemical Canada ULC
Income tax Appellate Tribunal

ITAT: Benefit of latest Nissan-Motor ruling not available to AO/TPO, remits AMP-adjustment

Jul 03, 2024
  • In Favour of Assessee
  • Citation Number : TS-266-ITAT-2024(Bang)-TP
  • Tax Payer : AstraZeneca Pharma India Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to reduce 50% of benefit from corporate service fee; Applies rule of consistency

Jul 03, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-267-ITAT-2024(CHANDI)-TP
  • Tax Payer : Centrient Pharmaceuticals India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustments w.r.t interest on loan, corporate guarantee fee for Cadila Pharma

Jul 03, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-265-ITAT-2024(Ahd)-TP
  • Tax Payer : Cadila Pharmaceuticals Ltd