Rulings ( 10543 results )

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Income tax Appellate Tribunal

ITAT: Quashes AO’s order as invalid and barred by limitation; Follows precedents

Mar 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-90-ITAT-2025(DEL)-TP
  • Tax Payer : Adidas India Marketing Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs Revenue to adopt rate under BAPA with UK-AE for transactions with US-AE w.r.t ITES

Mar 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-91-ITAT-2025(Mum)-TP
  • Tax Payer : Vodafone India Services Private Ltd
Income tax Appellate Tribunal

ITAT: Sets aside CIT(A)-NFAC’s order; Remits matter to CIT(A)-TP since core issue pertains to TP-adjustments

Mar 17, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-89-ITAT-2025(Ahd)-TP
  • Tax Payer : Hanning Motors India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes final order, not in conformity with DRP’s directions; Follows precedents

Mar 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-88-ITAT-2025(Bang)-TP
  • Tax Payer : Tavant Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Affirms CIT(A)’s deletion of Sec.271G-penalty absent notice issued u/s.92D(3)

Mar 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-85-ITAT-2025(Mum)-TP
  • Tax Payer : Siemens Aktiengensellschaft
Income tax Appellate Tribunal

ITAT: Directs AO to include functionally-similar company and determine whether international transaction is at ALP

Mar 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-86-ITAT-2025(Ahd)-TP
  • Tax Payer : Netafim Irrigation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs considering applicability of RBI's measures qua COVID-19 for imputing interest on receivables

Mar 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-87-ITAT-2025(Bang)-TP
  • Tax Payer : Great Wall India Research and Development Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to consider DRP’s rectified direction, corresponding revised TPO’s giving-effect order to delete TP-adjustment qua SWD, ITeS

Mar 12, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-82-ITAT-2025(Bang)-TP
  • Tax Payer : Ariba Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for royalty & service-fee payment, SWD services & ITeS

Mar 12, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-84-ITAT-2025(Mum)-TP
  • Tax Payer : Red Hat India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-addition w.r.t payment of technical know-how fees, recovery of expenses

Mar 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-81-ITAT-2025(Mum)-TP
  • Tax Payer : UPS Express P Ltd
High Court

HC: Dismisses Revenue's appeal against ITAT-order deleting TP-addition qua AMP expenses

Mar 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-83-HC-2025(DEL)-TP
  • Tax Payer : Beam Global Spirits & Wine (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustments in SWD / distribution segments, remits interest on receivables

Mar 11, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-79-ITAT-2025(Bang)-TP
  • Tax Payer : Tektronix (India) P Ltd
Income tax Appellate Tribunal

ITAT: Upholds Sec.271AA penalty-deletion; No specific default shown by AO, TPO gave clean chit

Mar 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-80-ITAT-2025(Ahd)-TP
  • Tax Payer : Best Oasis Limited
High Court

HC: "Guarantee fee" issue pending before Tribunal, quashes reassessment for Tata Communications

Mar 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-78-HC-2025(BOM)-TP
  • Tax Payer : Tata Communications Limited
Income tax Appellate Tribunal

ITAT: Adopts LIBOR+200 bps as interest on AE receivables; Follows judicial precedents

Mar 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-77-ITAT-2025(HYD)-TP
  • Tax Payer : Harsco India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM over CUP as MAM for benchmarking sale/export of goods

Mar 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-76-ITAT-2025(Mum)-TP
  • Tax Payer : Omni Active Health Technologies Limited
Income tax Appellate Tribunal

ITAT: Rules on aggregation of transactions, tested-party selection, guarantee commission, interest on receivables

Mar 10, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-75-ITAT-2025(Mum)-TP
  • Tax Payer : VVF (India) Limited
Income tax Appellate Tribunal

ITAT: Holds DRP not empowered to direct AO/TPO in second round of proceedings

Mar 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-72-ITAT-2025(CHNY)-TP
  • Tax Payer : Young Buhmwoo India Co Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of TP-addition w.r.t electricity-transfer; Follows precedents

Mar 06, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-73-ITAT-2025(JPR)-TP
  • Tax Payer : Wonder Cement Limited
Income tax Appellate Tribunal

ITAT: Extended time-limit of 12 months not available to Non-resident; Quashes assessment-order

Mar 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-66-ITAT-2025(HYD)-TP
  • Tax Payer : Smt. Maliha Syeda