Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Deletes disallowance of foreign travel expenses reimbursed by AE; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-288-ITAT-2025(CHANDI)-TP
  • Tax Payer : Fidelity Information Services India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows mark-up on receipt of service following earlier order, restores book-profit computation

  • In Favour of Both, Partially
  • Citation Number : TS-289-ITAT-2025(DEL)-TP
  • Tax Payer : Imsofer Manufacturing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment w.r.t receipt of supervision services, assessee established sufficient business reason

  • In Favour of Assessee
  • Citation Number : TS-285-ITAT-2025(DEL)-TP
  • Tax Payer : North Delhi Metro Mall Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua reimbursement of expenses; Expenditure not incurred for brand building of AE

  • In Favour of Assessee
  • Citation Number : TS-284-ITAT-2025(CHANDI)-TP
  • Tax Payer : Punjab Chemicals & Crop Protection Ltd
Income tax Appellate Tribunal

ITAT: Remits the issue of benchmarking of export of spare parts and global sourcing

  • In Favour of Both, Partially
  • Citation Number : TS-286-ITAT-2025(PUN)-TP
  • Tax Payer : Piaggio Vehicles Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables’ selection, working capital adjustment and interest on receivables

  • In Favour of Assessee
  • Citation Number : TS-283-ITAT-2025(Bang)-TP
  • Tax Payer : Connectwise India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal as withdrawn in light of MAP resolution

  • In Favour of None/NA
  • Citation Number : TS-281-ITAT-2025(Bang)-TP
  • Tax Payer : XLHealth Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP adjustment qua interest on outstanding receivables; Grants 90 days credit period

  • In Favour of Both, Partially
  • Citation Number : TS-282-ITAT-2025(Bang)-TP
  • Tax Payer : AB INBEV GCC Services India Pvt Ltd (earlier known as GCC Services India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Deletes adjustments qua payment for support services, corporate guarantee, interest on receivables

  • In Favour of Both, Partially
  • Citation Number : TS-274-ITAT-2025(CHNY)-TP
  • Tax Payer : Newgen Digitalworks Private Limited
Income tax Appellate Tribunal

ITAT: Modifies earlier-order; Directs Revenue to not treat Indian subsidiary as DAPE if transaction at ALP

  • In Favour of Assessee
  • Citation Number : TS-279-ITAT-2025(Bang)-TP
  • Tax Payer : QlikTech International AB C/o QlikTech India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MA, modifies LIBOR to EURIBOR as interest for outstanding receivables

  • In Favour of Assessee
  • Citation Number : TS-280-ITAT-2025(Bang)-TP
  • Tax Payer : Concur Technologies India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes ad-hoc adjustment qua royalty payment made without any prescribed method

  • In Favour of Assessee
  • Citation Number : TS-276-ITAT-2025(Mum)-TP
  • Tax Payer : Unilever India Exports Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MAs seeking modifications in earlier order

  • In Favour of Assessee
  • Citation Number : TS-278-ITAT-2025(Bang)-TP
  • Tax Payer : Astra Zeneca Pharma India Ltd
Income tax Appellate Tribunal

ITAT: DRP fails to adjudicate on explanation provided by assessee; Directs passing of speaking order

  • In Favour of Both, Partially
  • Citation Number : TS-275-ITAT-2025(Kol)-TP
  • Tax Payer : Madhu Jayanti International Ltd
Income tax Appellate Tribunal

ITAT: Accepts ‘Other method’ for import transactions; Highlights flaws in CUP applicability

  • In Favour of Assessee
  • Citation Number : TS-277-ITAT-2025(CHNY)-TP
  • Tax Payer : Trimex Industries (P) Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment qua outstanding receivables w.r.t Medical Transcription Services & ITeS transactions

  • In Favour of Assessee
  • Citation Number : TS-269-ITAT-2025(Mum)-TP
  • Tax Payer : Aquity Solutions India Pvt Ltd (Earlier known as M Modal Global Services Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Allows mark-up for availing of supervision services and central services; Follows rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-271-ITAT-2025(DEL)-TP
  • Tax Payer : Humboldt Wedag India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds internal TNMM, cites no difference in services rendered in AE and Non-AE segments

  • 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

  • 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

  • In Favour of Revenue
  • Citation Number : TS-270-FC-2025(USA)-TP
  • Tax Payer : Facebook, Inc. & Subsidiaries