Rulings ( 11756 results )

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Income tax Appellate Tribunal

ITAT: Restricts TP adjustment only to international transactions; Adopts LIBOR+200 bps as interest on delayed receivables

May 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-257-ITAT-2025(Bang)-TP
  • Tax Payer : MN Dastur and Company Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables under SWD, ITeS segments citing functional dissimilarity, lower employee-cost etc

May 16, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-254-ITAT-2025(DEL)-TP
  • Tax Payer : FIS Global Business Solutions India P. Ltd
Income tax Appellate Tribunal

ITAT: Permits Motorola Solutions India to withdraw TP grounds in light of MAP resolution

May 16, 2025
  • In Favour of None/NA
  • Citation Number : TS-255-ITAT-2025(DEL)-TP
  • Tax Payer : Motorola Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds AO’s reference for ALP determination of SDT invalid; Cites omission of Sec.92BA(i)

May 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-253-ITAT-2025(CHNY)-TP
  • Tax Payer : Orient Green Power Company Limited
Income tax Appellate Tribunal

ITAT: Analysis carried out by TPO and assessee while comparables-selection found defective; Remits matter

May 15, 2025
  • In Favour of None/NA
  • Citation Number : TS-251-ITAT-2025(PUN)-TP
  • Tax Payer : Jade Global Software Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s MP, rectifies inadvertent errors in Tribunal's order

May 15, 2025
  • In Favour of Assessee
  • Citation Number : TS-250-ITAT-2025(DEL)-TP
  • Tax Payer : Mitutoyo South Asia P Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee's appeal w.r.t AMP adjustment etc as being settled by APA agreement

May 15, 2025
  • In Favour of None/NA
  • Citation Number : TS-249-ITAT-2025(DEL)-TP
  • Tax Payer : Yakohama India Private Limited
Income tax Appellate Tribunal

ITAT: Finds mismatch in Net Operating Profit working provided by assessee; Remits issue

May 15, 2025
  • In Favour of Revenue
  • Citation Number : TS-248-ITAT-2025(HYD)-TP
  • Tax Payer : Biogenex Life Sciences Private Ltd
High Court

HC: Confirms ITAT’s remand of ALP qua intra-group services in case of American Express Banking

May 15, 2025
  • In Favour of None/NA
  • Citation Number : TS-252-HC-2025(DEL)-TP
  • Tax Payer : American Express Banking Corp, (India Branch)
Income tax Appellate Tribunal

ITAT: Remits comparables-selection; Directs TPO to apply filters in accordance of principles of FAR test

May 14, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-245-ITAT-2025(DEL)-TP
  • Tax Payer : Opus International (M)
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