Rulings ( 10860 results )

Filters
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
Income tax Appellate Tribunal

ITAT: Upholds single year data for transition support services; Deletes correspondent banking, MSS adjustments

Jul 02, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-263-ITAT-2024(Mum)-TP
  • Tax Payer : The Hongkong & Shanghai Banking Corporation Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for ITeS provider; Holds turnover filter as relevant criteria

Jul 02, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-264-ITAT-2024(HYD)-TP
  • Tax Payer : Primera Medical Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua Letter of Comfort for Tata International; Follows earlier order

Jul 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-261-ITAT-2024(Mum)-TP
  • Tax Payer : Tata International Limited
Income tax Appellate Tribunal

ITAT: Comparables cannot be excluded merely citing different accounting-year; Rejects negative working-capital adjustment

Jul 01, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-262-ITAT-2024(HYD)-TP
  • Tax Payer : Macromill Research India LLP
Income tax Appellate Tribunal

ITAT: Deletes royalty adjustment made solely on basis of differences in global accounting policies

Jun 28, 2024
  • In Favour of Assessee
  • Citation Number : TS-260-ITAT-2024(Mum)-TP
  • Tax Payer : GE Subsidiary Inc, 63
Income tax Appellate Tribunal

ITAT: Holds turnover as relevant criteria for selecting comparables; Applies range at 10 times

Jun 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-259-ITAT-2024(HYD)-TP
  • Tax Payer : Triniti Advanced Software Labs Private Limited
High Court

HC: Remands matter, notes Tribunal's non-consideration of Revenue's issues qua risk adjustment, guarantee commission

Jun 27, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-258-HC-2024(KER)-TP
  • Tax Payer : Olam Agro India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s restriction of corporate guarantee adjustment @ 1% instead of TPO's 2%

Jun 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-943-ITAT-2022(COCH)-TP
  • Tax Payer : Olam Agro India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds rejection of Bundy-India's TP-study using multiple-year data, rules on comparables

Jun 26, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-256-ITAT-2024(Ahd)-TP
  • Tax Payer : BUNDY INDIA LIMITED
Income tax Appellate Tribunal

ITAT: Deletes guarantee adjustment citing no financial burden; Rejects TPO's berry-ratio for sale/purchase

Jun 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-257-ITAT-2024(JPR)-TP
  • Tax Payer : Vaibhav Global Limited
High Court

HC: Quashes assessment order despite lapse in intimating AO about objections before DRP

Jun 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-254-HC-2024(KAR)-TP
  • Tax Payer : Zoomrx Healthcare Technology Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Adjudicates on TP issues including SDTs, international transaction, economic and depreciation adjustment

Jun 25, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-255-ITAT-2024(CHNY)-TP
  • Tax Payer : HSI Automotive Private Limited
Income tax Appellate Tribunal

ITAT: CIT(A) fails to adjudicate various TP grounds on merit; Remits matter

Jun 24, 2024
  • In Favour of Assessee
  • Citation Number : TS-252-ITAT-2024(HYD)-TP
  • Tax Payer : Computer Sciences Corporation India Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses appeals on software services, guarantees and loans; Follows earlier orders

Jun 24, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-253-ITAT-2024(Mum)-TP
  • Tax Payer : Tata Consultancy Services Ltd
High Court

HC: Sets aside order mistakenly formatted as final order; Quashes penalty, demand notice

Jun 24, 2024
  • In Favour of Assessee
  • Citation Number : TS-755-HC-2023(MAD)-TP
  • Tax Payer : GE Power Conversation India Private Limited
High Court

HC: Confirms ITAT’s exclusion of 4 comparables absent question of law

Jun 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-754-HC-2023(DEL)-TP
  • Tax Payer : Reservation Data Maintenance India Pvt. Ltd
High Court

HC: Quashes TPO’s unsigned order barred by limitation and consequent draft assessment order

Jun 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-251-HC-2024(KAR)-TP
  • Tax Payer : Toyota Tausho India Private Limited
High Court

HC: Admits Assessee’s appeal, Tribunal to relook scope and ambit of its power u/s. 254

Jun 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-753-HC-2023(DEL)-TP
  • Tax Payer : UOP India Pvt Ltd