Rulings ( 11318 results )

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Income tax Appellate Tribunal

ITAT: Grants stay to Volvo Group India, notes 90% of total demand paid

Sep 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-406-ITAT-2024(Bang)-TP
  • Tax Payer : Volvo Group India Pvt. Ltd. [formerly Volvo India Pvt. Ltd.]
Income tax Appellate Tribunal

ITAT: Holds TPO-order as time barred by 1 day resulting in Assessee being ‘ineligible’; Follows precedents

Sep 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-401-ITAT-2024(Mum)-TP
  • Tax Payer : Thermo Fisher Scientific India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal, refrains to interfere with ITAT’s view on IGS

Sep 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-405-HC-2024(DEL)-TP
  • Tax Payer : Avery Dennison (India) P Ltd
Supreme Court

SC: Dismisses Revenue’s SLP against HC-order quashing TPO’s Sec.271G-penalty imposition in case of Ericsson India

Sep 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-404-SC-2024-TP
  • Tax Payer : Ericsson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds assessment-order unsustainable as being time-barred; Follows NDTV HC-ruling

Sep 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-402-ITAT-2024(Bang)-TP
  • Tax Payer : IHS Global Private Limited
High Court

HC: Dismisses Revenue’s appeal against comparables-selection in case of ST MicroElectronics

Sep 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-403-HC-2024(DEL)-TP
  • Tax Payer : ST Micro Electronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order as TPO/DRP’s directions not complied with

Sep 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2024(DEL)-TP
  • Tax Payer : Comparex India P Ltd
Income tax Appellate Tribunal

ITAT: Rules on adjustments qua manufacturing/trading segments, disallowing payment to headquarters impermissible

Sep 12, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-400-ITAT-2024(Bang)-TP
  • Tax Payer : Emersion Automation Solutios Intelligent Platforms Private Limited
Income tax Appellate Tribunal

ITAT: Draft assessment order being passed without personal hearing not prejudicial to assessee

Sep 12, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-398-ITAT-2024(DEL)-TP
  • Tax Payer : Ebro India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay of demand to Nestle India, notes recurring TP-dispute qua royalty

Sep 11, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-395-ITAT-2024(DEL)-TP
  • Tax Payer : Nestle India Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables w.r.t sale of mobiles, providing SWD-services for Nokia India

Sep 11, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-396-ITAT-2024(DEL)-TP
  • Tax Payer : Nokia India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables failing upper turnover filter and functionally dissimilar; Remits working capital adjustment

Sep 11, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-397-ITAT-2024(Bang)-TP
  • Tax Payer : Continental Automotive Components India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeals on deletion of AMP adjustment, follows Maruti Suzuki, Sony Ericsson

Sep 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-394-HC-2024(DEL)-TP
  • Tax Payer : Pernod Ricard India Pvt Ltd
Income tax Appellate Tribunal

ITAT: CIT(A)'s 'dual approach', in partly allowing Sec.80-IA claim qua power transfer, unjustified

Sep 10, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-392-ITAT-2024(Kol)-TP
  • Tax Payer : Shyam Sel & Power Ltd
Income tax Appellate Tribunal

ITAT: Partly allows Assessee’s MPs on correcting typo errors and outstanding receivables

Sep 10, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-393-ITAT-2024(Bang)-TP
  • Tax Payer : Inmobi Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP adjustment qua interest on delayed trade receivables

Sep 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-390-ITAT-2024(Bang)-TP
  • Tax Payer : International Aerospace Manufacturing Private Ltd
Income tax Appellate Tribunal

ITAT: Discards TPO/CIT(A)’s rejection of Assessee’s TP documentation; Remits TP customs duty adjustment

Sep 09, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-391-ITAT-2024(CHNY)-TP
  • Tax Payer : Hwashin Automotive India Private Limited
Income tax Appellate Tribunal

ITAT: Allows Assessee’s MA; Modifies earlier-order by directing exclusion of GTN Engineering

Sep 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2024(Ahd)-TP
  • Tax Payer : Weatherford Drilling & Production Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables functionally-dissimilar to Assessee purely engaged in trading

Sep 06, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-389-ITAT-2024(HYD)-TP
  • Tax Payer : DASAN India Private Limited
High Court

HC: Upholds ITAT-order affirming DRP's jurisdiction u/s.154 to exclude certain items from AMP-expenses

Sep 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-387-HC-2024(KAR)-TP
  • Tax Payer : Stanley Black & Decker India Pvt Ltd