Rulings ( 11318 results )

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Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua interest on NCDs, TPO failed to consider DRP's directions

Jun 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-248-ITAT-2024(DEL)-TP
  • Tax Payer : Amplus Power Solutions P. Ltd
High Court

HC: Dismisses Revenue’s appeal; Confirms restriction of TP adjustment to international transaction only

Jun 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-752-HC-2023(BOM)-TP
  • Tax Payer : Spicer India Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables under EDS, IT and ITeS segments; Cites financial irregularities, high turnover etc

Jun 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-245-ITAT-2024(CHNY)-TP
  • Tax Payer : Caterpillar India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ground w.r.t exclusion of comparable noting no independent adjudication by DRP

Jun 18, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-246-ITAT-2024(Bang)-TP
  • Tax Payer : Embassy One Developers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes comparables considered in TP study citing failure to explain functional dissimilarity

Jun 17, 2024
  • In Favour of Revenue
  • Citation Number : TS-244-ITAT-2024(HYD)-TP
  • Tax Payer : Oakton Global Technology Services Centre (India) (P) Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of AO's addition qua service-charges; Notes TPO's order accepting ALP

Jun 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-243-ITAT-2024(DEL)-TP
  • Tax Payer : Granada Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes TPO's order as barred by limitation by 1 day, follows precedents

Jun 14, 2024
  • In Favour of Assessee
  • Citation Number : TS-240-ITAT-2024(Ahd)-TP
  • Tax Payer : Zydus Lifesciences Ltd. (Formerly Known as Cadila Healthcare Ltd.)
Income tax Appellate Tribunal

ITAT: Confirms AO’s order onTP-adjustment qua FOREX gain, engineering services

Jun 14, 2024
  • In Favour of Revenue
  • Citation Number : TS-242-ITAT-2024(DEL)-TP
  • Tax Payer : Inabensa Bharat P. Ltd
Income tax Appellate Tribunal

ITAT: Allows deduction for reimbursement of foreign travel expenses; Highlights breach of APA by AO

Jun 14, 2024
  • In Favour of Assessee
  • Citation Number : TS-241-ITAT-2024(CHANDI)-TP
  • Tax Payer : Fidelity Information Services India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Confirms RPM as MAM for reseller selling goods without value addition

Jun 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-237-ITAT-2024(DEL)-TP
  • Tax Payer : D Light Energy P. Ltd
High Court

HC: Dismisses Revenue’s appeals on profit attribution; Follows principle of consistency

Jun 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-238-HC-2024(DEL)-TP
  • Tax Payer : Lummus Technology Heat Transfer BV
Income tax Appellate Tribunal

ITAT: Deletes interest addition on advance made to Tata's Dubai-AE for complying with regulatory requirement

Jun 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-239-ITAT-2024(Mum)-TP
  • Tax Payer : Tata International Limited
Income tax Appellate Tribunal

ITAT: Deletes 'adhoc' royalty adjustment for Siemens Aktiengesellshaft; No defect found in TP-analysis

Jun 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-236-ITAT-2024(Mum)-TP
  • Tax Payer : Siemens Aktiengesellshaft
Income tax Appellate Tribunal

ITAT: Rectifies mistake, directs computation of interest on loan fund after considering LIBOR/EUROLIBOR

Jun 12, 2024
  • In Favour of Revenue
  • Citation Number : TS-233-ITAT-2024(Kol)-TP
  • Tax Payer : Titagarh Wagon Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustments only to international transactions; Rejects adjustments qua depreciation, custom duty

Jun 12, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-234-ITAT-2024(CHNY)-TP
  • Tax Payer : Daeseung Autoparts India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustments qua equity broking / support services, port-fee charges for Merrill-Lynch entity

Jun 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-235-ITAT-2024(Mum)-TP
  • Tax Payer : Bofa Securities India Limited
Income tax Appellate Tribunal

ITAT: Holds Pfizer Healthcare's assessment as void, TP-proceedings barred by limitation

Jun 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-231-ITAT-2024(CHNY)-TP
  • Tax Payer : Pfizer Healthcare India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t SDT; Admits additional evidence for transfer of steam

Jun 11, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-232-ITAT-2024(Mum)-TP
  • Tax Payer : Tata Chemicals Limited
Income tax Appellate Tribunal

ITAT: Quashes assessment order being barred by limitation u/s.144C(13)

Jun 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-229-ITAT-2024(CHNY)-TP
  • Tax Payer : Cognizant Technology Solutions India P. Ltd
Income tax Appellate Tribunal

ITAT: Upholds restriction of guarantee commission @0.2%, being proportionate rate for one FY

Jun 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-230-ITAT-2024(Ahd)-TP
  • Tax Payer : Astral Limited