Rulings ( 11314 results )
Supreme Court
SC: Dismisses Revenue’s SLP against HC-order w.r.t DRP's directions on delay & merits
Nov 19, 2024
- In Favour of Assessee
- Citation Number : TS-484-SC-2024-TP
- Tax Payer : VMware Software India Pvt Ltd
High Court
HC: Dismisses Revenue’s appeal on issue of final order not in conformity with DRP's directions
Nov 18, 2024
- In Favour of Assessee
- Citation Number : TS-484-HC-2024(KAR)-TP
- Tax Payer : VMware Software India Pvt Ltd
Income tax Appellate Tribunal
ITAT: AO's addition u/s.56(1) based on downward TP-adjustment, subsequently deleted, unsustainable
Nov 18, 2024
- In Favour of Assessee
- Citation Number : TS-483-ITAT-2024(CHNY)-TP
- Tax Payer : RKM Powergen Private Limited
High Court
HC: Dismisses Revenue’s appeal on selection of comparables and forex fluctuation
Nov 15, 2024
- In Favour of Assessee
- Citation Number : TS-482-HC-2024(DEL)-TP
- Tax Payer : Freescale Semiconductor India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds benchmarking under TNMM at entity level; Follows Assessee’s earlier order
Nov 15, 2024
- In Favour of Assessee
- Citation Number : TS-481-ITAT-2024(Mum)-TP
- Tax Payer : Hindustan Unilever Limited
High Court
HC: Adjourns Revenue's appeals qua TP-order limitation considering challenge pending before SC
Nov 15, 2024
- In Favour of Assessee
- Citation Number : TS-480-HC-2024(BOM)-TP
- Tax Payer : Dow Agroscience India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Holds no negative working-capital adjustment for Cognizant Technology, being captive service provider
Nov 14, 2024
- In Favour of Assessee
- Citation Number : TS-478-ITAT-2024(CHNY)-TP
- Tax Payer : Cognizant Technology Solutions India P. Ltd
Income tax Appellate Tribunal
ITAT: Remits issues as Assessee’s evidence not considered by AO/DRP
Nov 14, 2024
- In Favour of Both, Partially
- Citation Number : TS-479-ITAT-2024(Mum)-TP
- Tax Payer : DSV Air & Seas Private Ltd
Income tax Appellate Tribunal
ITAT: Rules against Benetton India; Upholds adjustment qua reimbursement of consultancy expenses
Nov 13, 2024
- In Favour of Revenue
- Citation Number : TS-476-ITAT-2024(DEL)-TP
- Tax Payer : Benetton India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Considers amount payable to AE for adjustment; Adopts LIBOR +200 as interest rate for receivables
Nov 13, 2024
- In Favour of Assessee
- Citation Number : TS-477-ITAT-2024(HYD)-TP
- Tax Payer : SGB Brandsafway Private Limited
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment, holds Other Method as MAM for benchmarking sale of unique intangibles
Nov 13, 2024
- In Favour of Assessee
- Citation Number : TS-475-ITAT-2024(CHANDI)-TP
- Tax Payer : Parexel International Services India Private Limited
Income tax Appellate Tribunal
ITAT: Holds no separate benchmarking of royalty payment required; Follows Assessee’s earlier order
Nov 12, 2024
- In Favour of Assessee
- Citation Number : TS-473-ITAT-2024(Bang)-TP
- Tax Payer : Toyota Kirloskar Motor P. Ltd
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment w.r.t write-off of advances, comparables' selection, outstanding receivables, etc
Nov 12, 2024
- In Favour of Both, Partially
- Citation Number : TS-474-ITAT-2024(COCH)-TP
- Tax Payer : US Technology International Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustments w.r.t sale of 'call option', purchase of business, interest on CCDs
Nov 11, 2024
- In Favour of Assessee
- Citation Number : TS-471-ITAT-2024(Mum)-TP
- Tax Payer : Indorama Ventures Oxides Ankleshwar Private Limited
Income tax Appellate Tribunal
ITAT: Adopts 0.50% over TPO’s 1.9% as corporate guarantee commission; Deletes adjustment
Nov 11, 2024
- In Favour of Assessee
- Citation Number : TS-472-ITAT-2024(VIZ)-TP
- Tax Payer : 3F Industries Limited
Income tax Appellate Tribunal
ITAT: Finds no error in CIT(A)’s deletion of Sec.271G-penalty for diamond merchant
Nov 08, 2024
- In Favour of Assessee
- Citation Number : TS-469-ITAT-2024(Mum)-TP
- Tax Payer : Parishi Diamonds
Income tax Appellate Tribunal
ITAT: Holds assessment order u/s.143(3) r.w.s. 144C(3) as time-barred, follows JP Morgan Chase’s case
Nov 08, 2024
- In Favour of Assessee
- Citation Number : TS-470-ITAT-2024(CHNY)-TP
- Tax Payer : Dalmia Cement (Bharat) Limited
Income tax Appellate Tribunal
ITAT: Finds no infirmity in CIT(A) following binding precedent to delete Sec.271G-penalty
Nov 07, 2024
- In Favour of Assessee
- Citation Number : TS-467-ITAT-2024(Mum)-TP
- Tax Payer : Blue Star Diamonds Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes payment of service fees adjustment; Grants working capital adjustment for software/marketing support services
Nov 07, 2024
- In Favour of Assessee
- Citation Number : TS-468-ITAT-2024(Mum)-TP
- Tax Payer : Red Hat India Private Limited
Income tax Appellate Tribunal
ITAT: Rejects assessee's/TPO's corporate-guarantee benchmarking using internal/external CUP; Considers OECD Guidelines
Nov 07, 2024
- In Favour of Both, Partially
- Citation Number : TS-466-ITAT-2024(Mum)-TP
- Tax Payer : Zycus Infotech Pvt. Ltd.