Rulings ( 11318 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables' selection, treats forex gain as operating, remits depreciation adjustment

Oct 21, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-447-ITAT-2024(DEL)-TP
  • Tax Payer : Yutaka Autoparts India Pvt Ltd
High Court

HC: No question of law arises on disallowance for royalty paid; Upholds ITAT’s order

Oct 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-445-HC-2024(DEL)-TP
  • Tax Payer : Sony India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Operation/maintenance of regasification terminal different from regasification services, remits ALP-determination

Oct 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-444-ITAT-2024(Ahd)-TP
  • Tax Payer : Shell Energy India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside order confirming Sec.271G-penalty, directs CIT(A) to pass speaking order

Oct 18, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-442-ITAT-2024(DEL)-TP
  • Tax Payer : Assotech Moonshine Urban Developers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits royalty adjustment qua non-UK AE, follows earlier order w.r.t non-application of UK-MAP

Oct 18, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-443-ITAT-2024(DEL)-TP
  • Tax Payer : JCB India Ltd
Income tax Appellate Tribunal

ITAT: No separate benchmarking required for royalty payment, follows earlier order

Oct 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-440-ITAT-2024(Bang)-TP
  • Tax Payer : Toyota Kirloskar Motors Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay, notes TP-adjustment made to entire turnover in construction-equipment segment

Oct 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-441-ITAT-2024(Bang)-TP
  • Tax Payer : Volvo CE India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua IT consultancy charges, guarantee fee; Follows earlier orders

Oct 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-438-ITAT-2024(Ahd)-TP
  • Tax Payer : Hagglunds Drives (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables on failing upper turnover filter; Follows earlier order

Oct 16, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-439-ITAT-2024(Bang)-TP
  • Tax Payer : Marvell India Pvt Ltd
High Court

HC: Sets aside ITAT's order on comparables' selection; Remits Assessee’s objections for fresh consideration

Oct 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-437-HC-2024(DEL)-TP
  • Tax Payer : Alcatel Lucent India Limited
Income tax Appellate Tribunal

ITAT: Grants stay to Xiaomi Technology on outstanding demand for 180 days

Oct 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-436-ITAT-2024(Bang)-TP
  • Tax Payer : Xiaomi Technology India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Confirms TPO's 1% guarantee-commission, rejects assessee's plea for restricting adjustment to 0.5%

Oct 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-435-ITAT-2024(Bang)-TP
  • Tax Payer : DTDC Express Ltd
Income tax Appellate Tribunal

ITAT: Deletes interest on share-application money, delay in allotment not assessee's fault

Oct 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-433-ITAT-2024(Mum)-TP
  • Tax Payer : Aries Agro Ltd
Income tax Appellate Tribunal

ITAT: Holds turnover as relevant criteria for comparable-selection; Accepts interest on receivables @LIBOR+200

Oct 11, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-434-ITAT-2024(HYD)-TP
  • Tax Payer : OSI Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Finds CIT(A)'s observations qua TP-issues unnecessary, allows management fee deduction u/s.37

Oct 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-431-ITAT-2024(CHNY)-TP
  • Tax Payer : SPi Technologies India Private Ltd
Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee fee to 0.5%; Follows catena of rulings

Oct 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-432-ITAT-2024(Mum)-TP
  • Tax Payer : Tata Projects Limited
Income tax Appellate Tribunal

ITAT: Revenue cannot seek extended-limitation benefit u/s.153(4) once HC quashes TPO-reference

Oct 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-430-ITAT-2024(Mum)-TP
  • Tax Payer : HDFC Bank Ltd
Income tax Appellate Tribunal

ITAT: Quashes PCIT's revisionary order being passed without valid jurisdiction, considers amended Sec.263

Oct 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-429-ITAT-2024(CHNY)-TP
  • Tax Payer : Philips Foods India Private Limited
Income tax Appellate Tribunal

ITAT: Directs AO to apply LIBOR+200 points for benchmarking interest on receivables; Follows earlier order

Oct 03, 2024
  • In Favour of Assessee
  • Citation Number : TS-427-ITAT-2024(HYD)-TP
  • Tax Payer : ADP Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua interest on receivables, notes assessee's margin higher than comparables

Oct 03, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-428-ITAT-2024(DEL)-TP
  • Tax Payer : GKN Driveline India Ltd