Rulings ( 11506 results )

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Income tax Appellate Tribunal

ITAT: Non-furnishing of documents in manner sought by AO, not a ground to levy Sec.271G-penalty

May 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-243-ITAT-2025(DEL)-TP
  • Tax Payer : S. N. Exports
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment made by AO without following DRP-direction, TPO’s order giving effect

May 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-242-ITAT-2025(DEL)-TP
  • Tax Payer : iQor India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes companies being functionally dissimilar to marketing and administrative /support services provider

May 14, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-241-ITAT-2025(DEL)-TP
  • Tax Payer : Nippon Steel Engineering India Private Limited
Income tax Appellate Tribunal

ITAT: Includes/Excludes comparables in SWD segment; Follows assessee’s earlier order

May 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-247-ITAT-2025(DEL)-TP
  • Tax Payer : NXP India Private Limited
Income tax Appellate Tribunal

ITAT: Holds ALP to be calculated in accordance with segment results and not at entity level; Includes functionally-similar company

May 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-246-ITAT-2025(DEL)-TP
  • Tax Payer : Opterna Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables in ITeS segment, grants working capital adjustment

May 14, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-244-ITAT-2025(HYD)-TP
  • Tax Payer : DSM Shared Services India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Partly allows assessee’s appeal w.r.t inclusion/exclusion of comparables

May 13, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-238-ITAT-2025(DEL)-TP
  • Tax Payer : Boston Scientific Technology And Engineering Services Private Ltd
Income tax Appellate Tribunal

ITAT: Excludes companies under ITeS, IT segments; Cites functional-dissimilarity, failing RPT filter of 25% etc

May 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-237-ITAT-2025(Mum)-TP
  • Tax Payer : HERE Solutions India Private Limited
Income tax Appellate Tribunal

ITAT: Directs royalty payment @ 5% on all sale transactions; Deletes IGS adjustment

May 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-240-ITAT-2025(DEL)-TP
  • Tax Payer : Gates India (P) Ltd
Income tax Appellate Tribunal

ITAT: Mere possession of intangibles for internal operational efficiencies no ground to exclude comparable

May 13, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-236-ITAT-2025(HYD)-TP
  • Tax Payer : Open Text Technologies India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables for captive service provider in VLSI design software

May 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-239-ITAT-2025(DEL)-TP
  • Tax Payer : ST Microelectronics Private Limited
Income tax Appellate Tribunal

ITAT: Holds turnover filter inevitable for proper TP analysis; Directs TPO to grant working capital adjustment

May 12, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-233-ITAT-2025(HYD)-TP
  • Tax Payer : Gainsight Software Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Holds RPM as MAM over TNMM for international transactions in nature of trading

May 12, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-232-ITAT-2025(Ahd)-TP
  • Tax Payer : Bock Compressors India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Incorrect rejection of TP study due to assessee’s segments not being audited; Deletes adjustment

May 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-235-ITAT-2025(DEL)-TP
  • Tax Payer : Molvizadah Sons India Private Limited
Income tax Appellate Tribunal

ITAT: Accepts TNMM for benchmarking royalty payment; Applies LIBOR+200 for interest on receivables

May 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-234-ITAT-2025(Bang)-TP
  • Tax Payer : Toyota Boshoku Automotive India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t provision of engineering and design services

May 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-230-ITAT-2025(DEL)-TP
  • Tax Payer : Lummus Technology Heat Transfer BV
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s restriction of corporate-guarantee at 1%, deletion of addition u/s. 80IA(8)

May 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-224-ITAT-2025(CHNY)-TP
  • Tax Payer : CRI Pumps Private Limited
Income tax Appellate Tribunal

ITAT: Remits ALP determination qua payment towards engineering support, margin computation

May 09, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-225-ITAT-2025(CHNY)-TP
  • Tax Payer : Seoyon E-Hwa Summit Automative India Private Limited
Income tax Appellate Tribunal

ITAT: Directs application of US MAP resolution for non-US AE, if international-transaction found similar

May 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-226-ITAT-2025(CHNY)-TP
  • Tax Payer : Sutherland Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment towards global client services payment made on adhoc basis

May 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-228-ITAT-2025(Mum)-TP
  • Tax Payer : ISS Facility Services India Private Limited