Rulings ( 10730 results )
Income tax Appellate Tribunal
ITAT: Upholds internal TNMM, cites no difference in services rendered in AE and Non-AE segments
May 23, 2025
- In Favour of Assessee
- Citation Number : TS-272-ITAT-2025(Mum)-TP
- Tax Payer : Quinox Consultancy Services Limited
Income tax Appellate Tribunal
ITAT: Applying Rs. 200 cr. as upper-turnover filter, not law; Directs TPO to incorporate appropriate filter
May 23, 2025
- In Favour of Both, Partially
- Citation Number : TS-273-ITAT-2025(Bang)-TP
- Tax Payer : Yokogawa Technology Solutions India Pvt. Ltd
Foreign Court
FC: US Tax Court rules against Facebook Inc, confirms IRS adoption of ‘income method’ for intangibles valuation
May 23, 2025
- In Favour of Revenue
- Citation Number : TS-270-FC-2025(USA)-TP
- Tax Payer : Facebook, Inc. & Subsidiaries
Income tax Appellate Tribunal
ITAT: Remits matter for re-examining claim regarding payment towards availing business support services
May 22, 2025
- In Favour of Both, Partially
- Citation Number : TS-268-ITAT-2025(HYD)-TP
- Tax Payer : Excelra Knowledge Solutions Private Limited
Income tax Appellate Tribunal
ITAT: Upholds internal CUP for loans advanced; Deletes TP adjustment qua interest on delayed receivables
May 22, 2025
- In Favour of Assessee
- Citation Number : TS-267-ITAT-2025(Ahd)-TP
- Tax Payer : Intas Pharmaceuticals Ltd.
Income tax Appellate Tribunal
ITAT: No separate adjustment required since impact of outstanding receivables subsumed in WCA
May 22, 2025
- In Favour of Assessee
- Citation Number : TS-266-ITAT-2025(Ahd)-TP
- Tax Payer : Milacron India Pvt.Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables selection; Holds ‘provision for bad debt’ as non-operating in nature
May 21, 2025
- In Favour of Both, Partially
- Citation Number : TS-262-ITAT-2025(HYD)-TP
- Tax Payer : Vertex Offshore Services Private Limited
Income tax Appellate Tribunal
ITAT: Quashes Sec. 263 proceedings, matter purely on facts and verifiable from assessee’s records
May 21, 2025
- In Favour of Assessee
- Citation Number : TS-265-ITAT-2025(Mum)-TP
- Tax Payer : Juniper Networks India Private Limited
Income tax Appellate Tribunal
ITAT: Rules on KPO services recharacterization, consultancy charges as operating cost, amortization of goodwill
May 20, 2025
- In Favour of Both, Partially
- Citation Number : TS-264-ITAT-2025(HYD)-TP
- Tax Payer : DELICATESSEN ENGINEERING SERVICES PRIVATE LIMITED
Income tax Appellate Tribunal
ITAT: Deletes adjustment qua interest on CCDs, affirms assessee’s SBI-PLR over LIBOR
May 20, 2025
- In Favour of Assessee
- Citation Number : TS-261-ITAT-2025(HYD)-TP
- Tax Payer : Natems Solar Power Private Limited
Income tax Appellate Tribunal
ITAT: Deletes penalty u/s.271AA citing reasonable cause for not reporting reimbursement transaction
May 20, 2025
- In Favour of Assessee
- Citation Number : TS-260-ITAT-2025(PUN)-TP
- Tax Payer : Sequence Design (I) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Assessee can't compute advance-tax liability by foreseeing retro-amendment w.r.t deferred receivables
May 20, 2025
- In Favour of Assessee
- Citation Number : TS-263-ITAT-2025(Mum)-TP
- Tax Payer : Exquisite Jewellery
Income tax Appellate Tribunal
ITAT: Upholds deletion Sec.271AA penalty as requisite documents provided by assessee
May 19, 2025
- In Favour of Assessee
- Citation Number : TS-259-ITAT-2025(HYD)-TP
- Tax Payer : Jodas Expoim (P) Ltd
Income tax Appellate Tribunal
ITAT: Holds TP provisions inapplicable to income covered under tonnage tax scheme; Follows precedent
May 19, 2025
- In Favour of Both, Partially
- Citation Number : TS-256-ITAT-2025(Mum)-TP
- Tax Payer : Essar Shipping Limited
Income tax Appellate Tribunal
ITAT: Upholds assessee’s internal CUP for provision of services; Remits ALP for shares sold
May 19, 2025
- In Favour of Assessee
- Citation Number : TS-258-ITAT-2025(Mum)-TP
- Tax Payer : Larsen & Toubro Limited
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