Rulings ( 11506 results )
Income tax Appellate Tribunal
ITAT: Rules on TP-adjustments w.r.t loan-interest & guarantee fee, follows earlier order
Dec 12, 2024
- In Favour of Assessee
- Citation Number : TS-515-ITAT-2024(Mum)-TP
- Tax Payer : Rosy Blue (India) Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Adopts interest @LIBOR+200 points on trade receivables, allows credit period; Follows precedent
Dec 12, 2024
- In Favour of Assessee
- Citation Number : TS-516-ITAT-2024(HYD)-TP
- Tax Payer : Erstwhile Amalgamating Company Sitapuram Power Limited
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua interest on outstanding receivables, considers assessee's debt-free status
Dec 11, 2024
- In Favour of Assessee
- Citation Number : TS-513-ITAT-2024(CHNY)-TP
- Tax Payer : Temenos India Pvt Ltd
High Court
HC: Directs ITAT to consider grounds pertaining to TP-adjustment qua purchase of finished goods
Dec 11, 2024
- In Favour of Assessee
- Citation Number : TS-514-HC-2024(DEL)-TP
- Tax Payer : Luxottica India Eyewear Pvt Ltd
Income tax Appellate Tribunal
ITAT: Quashes assessment order u/s 147 r.w.s. 144C(13) as time-barred absent TPO-reference
Dec 09, 2024
- In Favour of Assessee
- Citation Number : TS-511-ITAT-2024(HYD)-TP
- Tax Payer : Mir Ibrahim Ali
Income tax Appellate Tribunal
ITAT: Imputes ALP-commission on SBLC @ 1% over TPO's 4.01%, considers Everest Kento ruling
Dec 09, 2024
- In Favour of Assessee
- Citation Number : TS-512-ITAT-2024(DEL)-TP
- Tax Payer : ANAND NVH PRODUCTS PRIVATE LIMITED
Income tax Appellate Tribunal
ITAT: Quashes assessment order passed in non-compliance of Sec.144C, NRI-assessee's attitude immaterial
Dec 06, 2024
- In Favour of Assessee
- Citation Number : TS-510-ITAT-2024(Mum)-TP
- Tax Payer : Hasmukh Dipchand Gardi
High Court
HC: Dismisses Revenue’s appeal against ITAT-order invalidating TPO-reference qua SDT u/s.92BA(i)
Dec 06, 2024
- In Favour of Assessee
- Citation Number : TS-509-HC-2024(KAR)-TP
- Tax Payer : TT Steel Service India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits adjustment qua marketing & distribution expenses, deletes club-service expenditure adjustment
Dec 05, 2024
- In Favour of Both, Partially
- Citation Number : TS-506-ITAT-2024(Bang)-TP
- Tax Payer : AstraZeneca Pharma India Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua management fee payment; Follows precedents
Dec 05, 2024
- In Favour of Assessee
- Citation Number : TS-507-ITAT-2024(Mum)-TP
- Tax Payer : Otis Elevator Company (India) Limited
Income tax Appellate Tribunal
ITAT: Special Bench holds transaction between foreign enterprise and Indian PE as international transaction
Dec 05, 2024
- In Favour of Revenue
- Citation Number : TS-508-ITAT-2024(Ahd)-TP
- Tax Payer : TBEA Shenyang Transformer Group Company Limited
High Court
HC: Upholds RPM as MAM for import of finished goods for Burberry India
Dec 04, 2024
- In Favour of Assessee
- Citation Number : TS-505-HC-2024(DEL)-TP
- Tax Payer : Burberry India Pvt Ltd
High Court
HC: Upholds Birlasoft’s benchmarking of STP units at entity level, no functional difference in transactions
Dec 03, 2024
- In Favour of Assessee
- Citation Number : TS-504-HC-2024(DEL)-TP
- Tax Payer : Birlasoft Pvt Ltd
High Court
HC: Whopping Rs. 3000 cr TP addition on Samsung; HC directs expeditious disposal of stay application
Dec 03, 2024
- In Favour of Assessee
- Citation Number : TS-503-HC-2024(DEL)-TP
- Tax Payer : Samsung India Electronics Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Upholds CIT(A)’s deletion of TP-adjustment qua management service charges
Dec 02, 2024
- In Favour of Assessee
- Citation Number : TS-500-ITAT-2024(Ahd)-TP
- Tax Payer : Schaeffler India Limited
Income tax Appellate Tribunal
ITAT: Remands comparables selection, predecessor's order cannot be sole basis for CIT(A)'s decision
Dec 02, 2024
- In Favour of Both, Partially
- Citation Number : TS-502-ITAT-2024(PUN)-TP
- Tax Payer : Renishaw Metrology Systems Ltd
Income tax Appellate Tribunal
ITAT: Upholds Revenue's aggregation of segments, deletes AMP adjustment for Ford India
Nov 29, 2024
- In Favour of Both, Partially
- Citation Number : TS-501-ITAT-2024(CHNY)-TP
- Tax Payer : Ford India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Charges 0.50% fee for corporate guarantee, follows Assessee’s earlier order
Nov 27, 2024
- In Favour of Assessee
- Citation Number : TS-498-ITAT-2024(VIZ)-TP
- Tax Payer : 3F Industries Limited
Income tax Appellate Tribunal
ITAT: Applies 10 times turnover filter & 6% on deferred receivables; Follows earlier order
Nov 27, 2024
- In Favour of Both, Partially
- Citation Number : TS-499-ITAT-2024(HYD)-TP
- Tax Payer : Benu Networks Packet Switch Private Limited
Income tax Appellate Tribunal
ITAT: Dismisses Assessee’s appeal as withdrawn as issues covered in APA
Nov 26, 2024
- In Favour of Assessee
- Citation Number : TS-497-ITAT-2024(Mum)-TP
- Tax Payer : Deutsche India Pvt Ltd (Formerly DBOI Global Services Ltd)