Rulings ( 11318 results )

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Income tax Appellate Tribunal

ITAT: Deletes Sec.271G-penalty; Holds assessee’s non-compliance, delay in filing documents as reasonable

Aug 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-346-ITAT-2024(Mum)-TP
  • Tax Payer : Total Energies Marketing Services, France
Income tax Appellate Tribunal

ITAT: Affirms Sec.10A deduction w.r.t income arising out of MAP resolution, follows earlier order

Aug 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-345-ITAT-2024(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT: Confirms deletion of Sec.271G penalty; Notes no violation of Sec.92D, follows earlier order

Aug 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-342-ITAT-2024(Mum)-TP
  • Tax Payer : Laxmi Diamond Private Limited
Income tax Appellate Tribunal

ITAT: Adopts CPM for manufacturing segment, RPM for trading activities; Deletes AMP-adjustment

Aug 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-344-ITAT-2024(Bang)-TP
  • Tax Payer : AO Smith India Water Products Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT-order in Birlasoft's case qua internal comparison

Aug 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-343-HC-2024(DEL)-TP
  • Tax Payer : Birlasoft Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee's MA for rectifying earlier order w.r.t interest on receivables

Aug 09, 2024
  • In Favour of Revenue
  • Citation Number : TS-339-ITAT-2024(HYD)-TP
  • Tax Payer : BA Continum India (P) Ltd
High Court

HC: Dismisses Revenue’s appeal against allowing customs-duty adjustment w.r.t import of watches

Aug 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-341-HC-2024(DEL)-TP
  • Tax Payer : Swatch Group [India[ Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s restriction of corporate & performance guarantee at 0.5%

Aug 09, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-337-ITAT-2024(Mum)-TP
  • Tax Payer : Aditya Birla Nuvo Limited
High Court

HC: ITAT unjustified in remitting matter to DRP considering TP-report disclosures, assessee's consistent stand

Aug 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-340-HC-2024(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue's plea; Confirms CIT(A)'s adoption of SEB rate as market rate

Aug 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-335-ITAT-2024(Mum)-TP
  • Tax Payer : Hindalco Industries Ltd
Income tax Appellate Tribunal

ITAT: Recalls order, remits interest on receivables to be decided as per DRP's directions

Aug 08, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-334-ITAT-2024(HYD)-TP
  • Tax Payer : Corteva Agriscience Services India Private Limited
High Court

HC: Dismisses Revenue’s appeal on comparable-selection, no substantial question of law raised

Aug 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-333-HC-2024(DEL)-TP
  • Tax Payer : Samsung India Electronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: DRP should give categorical direction, cannot 'gyrate' TP-dispute by remanding it to AO

Aug 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-336-ITAT-2024(LKW)-TP
  • Tax Payer : L H Sugar Factories Ltd
Income tax Appellate Tribunal

ITAT: Disallowances qua software services provided & interest on receivables arguable, stays demand

Aug 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2024(DEL)-TP
  • Tax Payer : Aristocrat Technologies India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds TNMM over CUP for goods' sale, remits adjustment qua interest on debentures

Aug 07, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-332-ITAT-2024(CHNY)-TP
  • Tax Payer : Hospira Healthcare India Private Limited
Income tax Appellate Tribunal

ITAT: Grants stay; Notes TP-issue settled during earlier years, error in final assessment order

Aug 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-331-ITAT-2024(DEL)-TP
  • Tax Payer : Humboldt Wedag India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Includes assessee’s additional-ground for excluding Domex e-Data, apparent mistake of non-adjudication

Aug 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-328-ITAT-2024(Bang)-TP
  • Tax Payer : Workplace Options India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment w.r.t interest on loan, restricts guarantee fee @ 0.5%

Aug 06, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-329-ITAT-2024(CHNY)-TP
  • Tax Payer : Sundram Fasteners Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for administrative support services provider

Aug 05, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-326-ITAT-2024(HYD)-TP
  • Tax Payer : Corteva Agriscience Services India Private Limited
Income tax Appellate Tribunal

ITAT: Applies 10 times turnover filter on both lower and upper side; Remits comparables

Aug 05, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-327-ITAT-2024(HYD)-TP
  • Tax Payer : Benu Networks Packet Switch Private Limited