Rulings ( 11510 results )

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Income tax Appellate Tribunal

ITAT: Excludes comparables on failing upper turnover filter; Follows earlier order

Oct 16, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-439-ITAT-2024(Bang)-TP
  • Tax Payer : Marvell India Pvt Ltd
High Court

HC: Sets aside ITAT's order on comparables' selection; Remits Assessee’s objections for fresh consideration

Oct 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-437-HC-2024(DEL)-TP
  • Tax Payer : Alcatel Lucent India Limited
Income tax Appellate Tribunal

ITAT: Grants stay to Xiaomi Technology on outstanding demand for 180 days

Oct 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-436-ITAT-2024(Bang)-TP
  • Tax Payer : Xiaomi Technology India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Confirms TPO's 1% guarantee-commission, rejects assessee's plea for restricting adjustment to 0.5%

Oct 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-435-ITAT-2024(Bang)-TP
  • Tax Payer : DTDC Express Ltd
Income tax Appellate Tribunal

ITAT: Deletes interest on share-application money, delay in allotment not assessee's fault

Oct 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-433-ITAT-2024(Mum)-TP
  • Tax Payer : Aries Agro Ltd
Income tax Appellate Tribunal

ITAT: Holds turnover as relevant criteria for comparable-selection; Accepts interest on receivables @LIBOR+200

Oct 11, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-434-ITAT-2024(HYD)-TP
  • Tax Payer : OSI Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Finds CIT(A)'s observations qua TP-issues unnecessary, allows management fee deduction u/s.37

Oct 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-431-ITAT-2024(CHNY)-TP
  • Tax Payer : SPi Technologies India Private Ltd
Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee fee to 0.5%; Follows catena of rulings

Oct 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-432-ITAT-2024(Mum)-TP
  • Tax Payer : Tata Projects Limited
Income tax Appellate Tribunal

ITAT: Revenue cannot seek extended-limitation benefit u/s.153(4) once HC quashes TPO-reference

Oct 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-430-ITAT-2024(Mum)-TP
  • Tax Payer : HDFC Bank Ltd
Income tax Appellate Tribunal

ITAT: Quashes PCIT's revisionary order being passed without valid jurisdiction, considers amended Sec.263

Oct 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-429-ITAT-2024(CHNY)-TP
  • Tax Payer : Philips Foods India Private Limited
Income tax Appellate Tribunal

ITAT: Directs AO to apply LIBOR+200 points for benchmarking interest on receivables; Follows earlier order

Oct 03, 2024
  • In Favour of Assessee
  • Citation Number : TS-427-ITAT-2024(HYD)-TP
  • Tax Payer : ADP Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua interest on receivables, notes assessee's margin higher than comparables

Oct 03, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-428-ITAT-2024(DEL)-TP
  • Tax Payer : GKN Driveline India Ltd
Income tax Appellate Tribunal

ITAT: Assessee cannot argue non-existence of amalgamating entity whose PAN continued for litigation-purposes

Oct 03, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-426-ITAT-2024(HYD)-TP
  • Tax Payer : Microchip Technology (India) Pvt Ltd
High Court

HC: One month timeline a red line for AO, notwithstanding assessee's DRP objection delay

Oct 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-425-HC-2024(DEL)-TP
  • Tax Payer : MAVENIR UK HOLDINGS
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal against CIT(A) deleting TP-addition for purchase of Tendu leaves

Oct 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-423-ITAT-2024(Ahd)-TP
  • Tax Payer : Chhotabhai Jethabhai Patel & Co
Income tax Appellate Tribunal

ITAT: Finds CIT(A)-order deleting TP adjustment qua payment of export commission as well reasoned

Oct 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-424-ITAT-2024(DEL)-TP
  • Tax Payer : Kamla Dials and Devices Ltd
Income tax Appellate Tribunal

ITAT: Deletes 271G-penalty for Twentieth Century Fox; No finding w.r.t inaccuracy of information

Sep 30, 2024
  • In Favour of Assessee
  • Citation Number : TS-422-ITAT-2024(Mum)-TP
  • Tax Payer : Twentieth Century Fox Telecommunications International Inc
High Court

HC: Quashes final assessment order passed despite pendency of rectification application before DRP

Sep 30, 2024
  • In Favour of Assessee
  • Citation Number : TS-421-HC-2024(KAR)-TP
  • Tax Payer : Mavenir Systems Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal on exclusion of Infosys and TCS as comparables

Sep 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-419-HC-2024(DEL)-TP
  • Tax Payer : E-Valueserve SEZ (Gurgaon) P Ltd
High Court

HC: Affirms ITAT-order, channel/content owner companies incomparable to assessee's distribution segment

Sep 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-420-HC-2024(DEL)-TP
  • Tax Payer : Warnermedia India Private Limited