Rulings ( 11318 results )
High Court
HC: Dismisses Revenue's appeal; Cannot consider WDV in AE's books for determining ALP
Jun 07, 2024
- In Favour of Assessee
- Citation Number : TS-228-HC-2024(DEL)-TP
- Tax Payer : Sarens Heavy Lift India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua brand building services; Follows earlier order
Jun 07, 2024
- In Favour of Assessee
- Citation Number : TS-226-ITAT-2024(CHNY)-TP
- Tax Payer : Hyundai Motor India Limited
Income tax Appellate Tribunal
ITAT: Remits adjustment for third-party transactions; Deletes TP-adjustment of interest for debt-free company
Jun 07, 2024
- In Favour of Both, Partially
- Citation Number : TS-227-ITAT-2024(DEL)-TP
- Tax Payer : MCKINSEY KNOWLEDGE CENTRE INDIA PVT. LTD
Income tax Appellate Tribunal
ITAT: Extended time-limit for completing non-resident assessment u/s.144C unavailable sans TPO-reference
Jun 06, 2024
- In Favour of Assessee
- Citation Number : TS-225-ITAT-2024(HYD)-TP
- Tax Payer : Syed Gulam Mohiuddin
Income tax Appellate Tribunal
ITAT: Rules on TP-adjustments qua ITeS, interest on receivables for Satyam Venture
Jun 06, 2024
- In Favour of Both, Partially
- Citation Number : TS-224-ITAT-2024(HYD)-TP
- Tax Payer : Satyam Venture Engineering Services Private Limited
Income tax Appellate Tribunal
ITAT: Rejects downward adjustment for SDT, allows S.80IA deduction; Follows rule of consistency
Jun 05, 2024
- In Favour of Assessee
- Citation Number : TS-222-ITAT-2024(RAI)-TP
- Tax Payer : Bhagwati Power and Steel Limited
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment w.r.t management fee; Benchmarks interest on AE receivables at LIBOR+200 bps
Jun 05, 2024
- In Favour of Assessee
- Citation Number : TS-223-ITAT-2024(HYD)-TP
- Tax Payer : Kantar GDC India Private Limited
Income tax Appellate Tribunal
ITAT: Remits NIL benchmarking of management fee; TPO cannot examine matter w.r.t Sec.37
Jun 04, 2024
- In Favour of Assessee
- Citation Number : TS-221-ITAT-2024(Mum)-TP
- Tax Payer : Naturex India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables; Rectifies mistake in quantum of amortisation per DRP’s direction
Jun 04, 2024
- In Favour of Both, Partially
- Citation Number : TS-220-ITAT-2024(CHNY)-TP
- Tax Payer : iSoft Health Management India Private Limited
Income tax Appellate Tribunal
ITAT: Upholds deletion of TP-addition qua payment of royalty, management fees, IT allocation cost
Jun 03, 2024
- In Favour of Assessee
- Citation Number : TS-218-ITAT-2024(Ahd)-TP
- Tax Payer : Invida India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes SDT-adjustment citing omission of Sec.92BA(i); Applies Texport Overseas HC-ruling
Jun 03, 2024
- In Favour of Assessee
- Citation Number : TS-219-ITAT-2024(PUN)-TP
- Tax Payer : Uttam Energy Limited
Income tax Appellate Tribunal
ITAT: Upholds CUP, rather than TNMM, for benchmarking technical fees
May 31, 2024
- In Favour of Assessee
- Citation Number : TS-215-ITAT-2024(DEL)-TP
- Tax Payer : Takenaka India Pvt Ltd
High Court
HC: Holds TPO-reference in itself causes no prejudice warranting invocation of writ jurisdiction
May 31, 2024
- In Favour of Revenue
- Citation Number : TS-214-HC-2024(DEL)-TP
- Tax Payer : Infonox Software Private Limited
Income tax Appellate Tribunal
ITAT: Rules-out negative working capital adjustment for captive service provider; Rules on comparables
May 30, 2024
- In Favour of Both, Partially
- Citation Number : TS-213-ITAT-2024(Bang)-TP
- Tax Payer : Intuit India Product Development Centre Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes penalty u/s.271G on SDT as TPO accepted assessee’s ALP computation
May 30, 2024
- In Favour of Assessee
- Citation Number : TS-212-ITAT-2024(Mum)-TP
- Tax Payer : Excel Biolife Private Limited
Income tax Appellate Tribunal
ITAT: Remits characterization of services rendered by Assessee; Deletes cost-contribution charges adjustment
May 29, 2024
- In Favour of Assessee
- Citation Number : TS-211-ITAT-2024(Bang)-TP
- Tax Payer : Ingersoll-Rand (India) Limited
High Court
HC: Dismisses Revenue's appeal on AMP adjustment for India specific products
May 29, 2024
- In Favour of Assessee
- Citation Number : TS-210-HC-2024(DEL)-TP
- Tax Payer : Pernod Ricard India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds TNMM over CUP for brokerage commission, branding fees; Follows earlier orders
May 28, 2024
- In Favour of Assessee
- Citation Number : TS-208-ITAT-2024(Mum)-TP
- Tax Payer : CLSA India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes comparable citing non-availability of required information u/s.133(6)
May 28, 2024
- In Favour of Assessee
- Citation Number : TS-209-ITAT-2024(Bang)-TP
- Tax Payer : Zyme Solutions Pvt. Ltd.
Income tax Appellate Tribunal
ITAT: Refuses to constitute SB for conflicting judgments u/s 92BA(i); Follows precedents
May 27, 2024
- In Favour of Assessee
- Citation Number : TS-206-ITAT-2024(DEL)-TP
- Tax Payer : Panacea Boitec Ltd