Rulings ( 11318 results )
Income tax Appellate Tribunal
ITAT: Holds, onus on assessee to show pharma industry permits credit-period exceeding 60-days
May 27, 2024
- In Favour of Both, Partially
- Citation Number : TS-207-ITAT-2024(HYD)-TP
- Tax Payer : Hetero Labs Limited
Income tax Appellate Tribunal
ITAT: Deletes IGS adjustment as 3% within acceptable range; Rules on comparables
May 24, 2024
- In Favour of Both, Partially
- Citation Number : TS-204-ITAT-2024(Kol)-TP
- Tax Payer : Primetals Technologies India Pvt Ltd
High Court
HC: Disposes of Revenue’s appeal on management, support services, IGS citing subsequent developments
May 24, 2024
- In Favour of Assessee
- Citation Number : TS-205-HC-2024(CAL)-TP
- Tax Payer : Cookson India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs ALP re-computation basis 30 days credit period or agreement; Follows precedents
May 23, 2024
- In Favour of Both, Partially
- Citation Number : TS-202-ITAT-2024(HYD)-TP
- Tax Payer : ValueMomentum Software Services Private Limited
Income tax Appellate Tribunal
ITAT: Restricts TP-adjustment to AE-transactions, restores adjustments qua manufacturing/trading segments
May 23, 2024
- In Favour of Both, Partially
- Citation Number : TS-203-ITAT-2024(HYD)-TP
- Tax Payer : Imerys Ceramics India Private Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables, restricts TP-adjustment to international transactions; Remits interest on receivables
May 22, 2024
- In Favour of Both, Partially
- Citation Number : TS-200-ITAT-2024(Bang)-TP
- Tax Payer : Kennametal India Ltd
Income tax Appellate Tribunal
ITAT: Deletes proportionate adjustment w.r.t purchases from AEs, margin not exceeding 3%
May 22, 2024
- In Favour of Assessee
- Citation Number : TS-201-ITAT-2024(JODH)-TP
- Tax Payer : Priti Lodha
Income tax Appellate Tribunal
ITAT: Excludes comparables citing functional difference, turnover, etc for SWD-service provider
May 21, 2024
- In Favour of Both, Partially
- Citation Number : TS-198-ITAT-2024(CHNY)-TP
- Tax Payer : Virtusa Consulting Services Private Limited
High Court
HC: Dismisses Revenue’s appeal on comparables selection sans substantial question of law
May 21, 2024
- In Favour of Assessee
- Citation Number : TS-199-HC-2024(DEL)-TP
- Tax Payer : XL India Business Services Pvt Ltd
High Court
HC: 'Second' TPO-reference superfluous, bars Revenue from passing further final assessment orders for NDTV
May 21, 2024
- In Favour of Assessee
- Citation Number : TS-197-HC-2024(DEL)-TP
- Tax Payer : New Delhi Television Limited
Income tax Appellate Tribunal
ITAT: Netting off amounts payable to AEs with outstanding receivables, on entity-level, unjustified
May 20, 2024
- In Favour of Both, Partially
- Citation Number : TS-195-ITAT-2024(DEL)-TP
- Tax Payer : Rockwell Automation India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment qua notional interest on realization of export sale proceeds
May 20, 2024
- In Favour of Both, Partially
- Citation Number : TS-196-ITAT-2024(Ahd)-TP
- Tax Payer : Intas Pharmaceuticals Ltd.
High Court
HC: Dismisses Revenue's appeals on AMP issue in Pepsico India's case, follows Sony Ericson judgment
May 20, 2024
- In Favour of Assessee
- Citation Number : TS-194-HC-2024(DEL)-TP
- Tax Payer : Pepisco India Holding Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes comparables in ITeS segment over functional dissimilarity; Follows earlier orders
May 17, 2024
- In Favour of Assessee
- Citation Number : TS-193-ITAT-2024(Mum)-TP
- Tax Payer : Tech Mahindra Limited
Income tax Appellate Tribunal
ITAT: Restricts TP-adjustment qua oil-import to transaction-level, grants +/-5% benefit
May 17, 2024
- In Favour of Assessee
- Citation Number : TS-192-ITAT-2024(Mum)-TP
- Tax Payer : Bunge India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds deletion of SDT-adjustment given omission of Sec.92BA(i); Follows precedent
May 16, 2024
- In Favour of Assessee
- Citation Number : TS-191-ITAT-2024(Ahd)-TP
- Tax Payer : Abhilasha Pharma Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits matter to restrict TP-adjustment from agreement date
May 16, 2024
- In Favour of Both, Partially
- Citation Number : TS-190-ITAT-2024(HYD)-TP
- Tax Payer : Key Point Technologies (India) Private Limited
Income tax Appellate Tribunal
ITAT: Remits MAM-selection qua purchase & sale transactions, notes risk factor upon AE
May 15, 2024
- In Favour of Assessee
- Citation Number : TS-188-ITAT-2024(Ahd)-TP
- Tax Payer : Skaps Industries India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables' selection qua purchase of raw materials, finished goods
May 15, 2024
- In Favour of Both, Partially
- Citation Number : TS-189-ITAT-2024(HYD)-TP
- Tax Payer : R.A.K. Ceramics India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec.271(1)(c) penalty, assessee justified reasons for not charging interest on loan
May 14, 2024
- In Favour of Assessee
- Citation Number : TS-187-ITAT-2024(Mum)-TP
- Tax Payer : Air Works India (Engineering) Pvt Ltd