Rulings ( 11318 results )
Income tax Appellate Tribunal
ITAT: Upholds CUP, rejects TNMM qua hire of dredgers /vessels; Accepts consistency plea
May 14, 2024
- In Favour of Both, Partially
- Citation Number : TS-186-ITAT-2024(CHNY)-TP
- Tax Payer : International Seaport Dredging Ltd
Income tax Appellate Tribunal
ITAT: Recalls earlier order for inadvertent failure to adjudicate on TP-issues
May 13, 2024
- In Favour of Assessee
- Citation Number : TS-185-ITAT-2024(Mum)-TP
- Tax Payer : Tata Consultancy Services Ltd
Income tax Appellate Tribunal
ITAT: Grant stay of demand considering facts canvassed by assessee as correct unless rebutted
May 13, 2024
- In Favour of Assessee
- Citation Number : TS-183-ITAT-2024(DEL)-TP
- Tax Payer : Corteva Agriscience Services India Private Limited
Income tax Appellate Tribunal
ITAT: Adjustment qua fixed assets' purchase impermissible, final order not conforming to draft order
May 13, 2024
- In Favour of Assessee
- Citation Number : TS-184-ITAT-2024(DEL)-TP
- Tax Payer : American Express (India) Pvt Ltd
High Court
HC: Sets aside final order, demand notice citing technical glitch on portal
May 10, 2024
- In Favour of Assessee
- Citation Number : TS-181-HC-2024(KAR)-TP
- Tax Payer : Himalaya Wellness Company
High Court
HC: Quashes assessment-order passed while assessee’s objections were pending before DRP
May 10, 2024
- In Favour of Assessee
- Citation Number : TS-182-HC-2024(MAD)-TP
- Tax Payer : Multicoreware India P. Ltd
Income tax Appellate Tribunal
ITAT: Remits working capital adjustment for fresh consideration; Follows Huawei Technologies’ ruling
May 09, 2024
- In Favour of Assessee
- Citation Number : TS-180-ITAT-2024(Bang)-TP
- Tax Payer : Linege Power Pvt Ltd
High Court
HC: Absent substantial question of law, upholds exclusion of comparables citing functional-dissimilarity etc
May 09, 2024
- In Favour of Assessee
- Citation Number : TS-179-HC-2024(DEL)-TP
- Tax Payer : EDS Electronics Data System India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Filing second MA against order passed in earlier MA not permissible u/s.254(2)
May 08, 2024
- In Favour of Assessee
- Citation Number : TS-177-ITAT-2024(Bang)-TP
- Tax Payer : Astra Zeneca Pharma India Ltd
Income tax Appellate Tribunal
ITAT: Assessee failed to object to draft order before DRP, final order u/s.144C not appealable
May 08, 2024
- In Favour of Revenue
- Citation Number : TS-178-ITAT-2024(HYD)-TP
- Tax Payer : Skybridge Solutions Private Limited
Income tax Appellate Tribunal
ITAT: 'Fed-Fund' rate, not LIBOR, appropriate for benchmarking interest on US-loan taken from HSBC,USA
May 08, 2024
- In Favour of Assessee
- Citation Number : TS-176-ITAT-2024(Mum)-TP
- Tax Payer : The Hongkong & Shanghai Banking Corporation Ltd
Income tax Appellate Tribunal
ITAT: Upholds CUP for management consultancy services; Deletes license fee, IT cost-allocation adjustments
May 07, 2024
- In Favour of Assessee
- Citation Number : TS-175-ITAT-2024(Mum)-TP
- Tax Payer : The Boston Consulting Group (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Dismisses assessee’s TP-related appeal as not pressed due to settlement by APA
May 07, 2024
- In Favour of Revenue
- Citation Number : TS-174-ITAT-2024(Bang)-TP
- Tax Payer : Goldman Sachs Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Applies guarantee commission @0.6% instead of 0.2%, follows order for latest AY
May 06, 2024
- In Favour of Both, Partially
- Citation Number : TS-173-ITAT-2024(Mum)-TP
- Tax Payer : KEC International Ltd
Income tax Appellate Tribunal
ITAT: Quashes time-barred TPO’s order, subsequent draft and final assessment orders; Follows precedents
May 06, 2024
- In Favour of Assessee
- Citation Number : TS-172-ITAT-2024(Mum)-TP
- Tax Payer : Siemens Technology Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Existence of ‘arrangement’ pre-condition for S.92BA; Remits for examination of additional evidence
May 03, 2024
- In Favour of Both, Partially
- Citation Number : TS-171-ITAT-2024(DEL)-TP
- Tax Payer : Mankind Pharma Limited
Income tax Appellate Tribunal
ITAT: Upholds TP-adjustment w.r.t distribution proceeds sharing in Sony Pictures' case
May 03, 2024
- In Favour of Revenue
- Citation Number : TS-169-ITAT-2024(Mum)-TP
- Tax Payer : Sony Pictures Networks India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds confirmation of TP-adjustment qua corporate guarantee, refers to Redington ruling
May 02, 2024
- In Favour of Revenue
- Citation Number : TS-167-ITAT-2024(Ahd)-TP
- Tax Payer : Sun Pharmaceutical Industries Ltd
High Court
HC: Sets aside assessment order passed without affording adequate hearing opportunity
May 02, 2024
- In Favour of Assessee
- Citation Number : TS-168-HC-2024(MAD)-TP
- Tax Payer : Sutherland Global Services Private Limited
Income tax Appellate Tribunal
ITAT: Directs assessee to not take adjournment until hearing of main appeal on PCIT jurisdiction
Apr 30, 2024
- In Favour of Assessee
- Citation Number : TS-166-ITAT-2024(DEL)-TP
- Tax Payer : Idemia Syscom India Pvt Ltd