Rulings ( 10730 results )
Income tax Appellate Tribunal
ITAT: Admits additional ground, quashes final assessment order barred by limitation u/s.144C(13)
May 30, 2025
- In Favour of Assessee
- Citation Number : TS-292-ITAT-2025(DEL)-TP
- Tax Payer : L S Cable India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules suo-moto invocation of Rule-10TA by TPO invalid as not exercised by assessee
May 30, 2025
- In Favour of Assessee
- Citation Number : TS-291-ITAT-2025(PUN)-TP
- Tax Payer : Volkswagen Group Technology Solutions India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Excludes 10 comparables having different fundamental nature of business and products
May 29, 2025
- In Favour of Assessee
- Citation Number : TS-287-ITAT-2025(DEL)-TP
- Tax Payer : Louis Vuitton India Retail P Ltd
Income tax Appellate Tribunal
ITAT: Deletes disallowance of foreign travel expenses reimbursed by AE; Follows earlier order
May 29, 2025
- In Favour of Assessee
- Citation Number : TS-288-ITAT-2025(CHANDI)-TP
- Tax Payer : Fidelity Information Services India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Allows mark-up on receipt of service following earlier order, restores book-profit computation
May 29, 2025
- In Favour of Both, Partially
- Citation Number : TS-289-ITAT-2025(DEL)-TP
- Tax Payer : Imsofer Manufacturing India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes adjustment w.r.t receipt of supervision services, assessee established sufficient business reason
May 28, 2025
- In Favour of Assessee
- Citation Number : TS-285-ITAT-2025(DEL)-TP
- Tax Payer : North Delhi Metro Mall Private Limited
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua reimbursement of expenses; Expenditure not incurred for brand building of AE
May 28, 2025
- In Favour of Assessee
- Citation Number : TS-284-ITAT-2025(CHANDI)-TP
- Tax Payer : Punjab Chemicals & Crop Protection Ltd
Income tax Appellate Tribunal
ITAT: Remits the issue of benchmarking of export of spare parts and global sourcing
May 28, 2025
- In Favour of Both, Partially
- Citation Number : TS-286-ITAT-2025(PUN)-TP
- Tax Payer : Piaggio Vehicles Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables’ selection, working capital adjustment and interest on receivables
May 27, 2025
- In Favour of Assessee
- Citation Number : TS-283-ITAT-2025(Bang)-TP
- Tax Payer : Connectwise India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Dismisses assessee’s appeal as withdrawn in light of MAP resolution
May 27, 2025
- In Favour of None/NA
- Citation Number : TS-281-ITAT-2025(Bang)-TP
- Tax Payer : XLHealth Corporation India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits TP adjustment qua interest on outstanding receivables; Grants 90 days credit period
May 27, 2025
- In Favour of Both, Partially
- Citation Number : TS-282-ITAT-2025(Bang)-TP
- Tax Payer : AB INBEV GCC Services India Pvt Ltd (earlier known as GCC Services India Pvt Ltd)
Income tax Appellate Tribunal
ITAT: Deletes adjustments qua payment for support services, corporate guarantee, interest on receivables
May 27, 2025
- In Favour of Both, Partially
- Citation Number : TS-274-ITAT-2025(CHNY)-TP
- Tax Payer : Newgen Digitalworks Private Limited
Income tax Appellate Tribunal
ITAT: Modifies earlier-order; Directs Revenue to not treat Indian subsidiary as DAPE if transaction at ALP
May 26, 2025
- In Favour of Assessee
- Citation Number : TS-279-ITAT-2025(Bang)-TP
- Tax Payer : QlikTech International AB C/o QlikTech India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Allows assessee’s MA, modifies LIBOR to EURIBOR as interest for outstanding receivables
May 26, 2025
- In Favour of Assessee
- Citation Number : TS-280-ITAT-2025(Bang)-TP
- Tax Payer : Concur Technologies India Private Limited
Income tax Appellate Tribunal
ITAT: Deletes ad-hoc adjustment qua royalty payment made without any prescribed method
May 26, 2025
- In Favour of Assessee
- Citation Number : TS-276-ITAT-2025(Mum)-TP
- Tax Payer : Unilever India Exports Ltd
Income tax Appellate Tribunal
ITAT: Allows assessee’s MAs seeking modifications in earlier order
May 26, 2025
- In Favour of Assessee
- Citation Number : TS-278-ITAT-2025(Bang)-TP
- Tax Payer : Astra Zeneca Pharma India Ltd
Income tax Appellate Tribunal
ITAT: DRP fails to adjudicate on explanation provided by assessee; Directs passing of speaking order
May 26, 2025
- In Favour of Both, Partially
- Citation Number : TS-275-ITAT-2025(Kol)-TP
- Tax Payer : Madhu Jayanti International Ltd
Income tax Appellate Tribunal
ITAT: Accepts ‘Other method’ for import transactions; Highlights flaws in CUP applicability
May 26, 2025
- In Favour of Assessee
- Citation Number : TS-277-ITAT-2025(CHNY)-TP
- Tax Payer : Trimex Industries (P) Ltd
Income tax Appellate Tribunal
ITAT: Deletes adjustment qua outstanding receivables w.r.t Medical Transcription Services & ITeS transactions
May 23, 2025
- In Favour of Assessee
- Citation Number : TS-269-ITAT-2025(Mum)-TP
- Tax Payer : Aquity Solutions India Pvt Ltd (Earlier known as M Modal Global Services Pvt Ltd)
Income tax Appellate Tribunal
ITAT: Allows mark-up for availing of supervision services and central services; Follows rule of consistency
May 23, 2025
- In Favour of Assessee
- Citation Number : TS-271-ITAT-2025(DEL)-TP
- Tax Payer : Humboldt Wedag India Pvt Ltd