Rulings ( 10543 results )

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Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for Renault India, follows earlier order

Mar 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2025(CHNY)-TP
  • Tax Payer : Renault India P Ltd
High Court

HC: Affirms deletion of adjustment qua inter-unit power transfer; Follows Jindal Steel SC-decision

Mar 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-68-HC-2025(CAL)-TP
  • Tax Payer : Star Paper Mills Limited
Income tax Appellate Tribunal

ITAT: TP-adjustment w.r.t R&D services covered by BAPA/MAP; Deletes adjustment qua lab-equipment purchases

Mar 03, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-69-ITAT-2025(Mum)-TP
  • Tax Payer : Unilever Industries Pvt Ltd
Supreme Court

SC: Refuses to weigh in on international transaction controversy, relegates NDTV to AO

Mar 03, 2025
  • In Favour of Revenue
  • Citation Number : TS-70-SC-2025-TP
  • Tax Payer : New Delhi Television Limited
Income tax Appellate Tribunal

ITAT: Quashes AO’s order as time-barred, provisions of Sec. 144(13) not complied with

Feb 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-65-ITAT-2025(HYD)-TP
  • Tax Payer : TMEIC Industrial Systems India Private Limited
Income tax Appellate Tribunal

ITAT: Tax paid for international transactions, as per agreed price under APA

Feb 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-67-ITAT-2025(HYD)-TP
  • Tax Payer : Broadridge Financial Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Stays recovery of outstanding demand for 180 days in case of Honda R&D Company

Feb 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2025(DEL)-TP
  • Tax Payer : Honda R & D (India) Pvt Ltd
High Court

HC: Confirms Tribunal's decision upholding 1% as stand by letter of credit to be at ALP

Feb 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-64-HC-2025(DEL)-TP
  • Tax Payer : Micromax Informatics Ltd
Income tax Appellate Tribunal

ITAT: Revenue artificially distinguished transactions with Non-UK & UK AEs, considers MAP/APA's persuasive value

Feb 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-62-ITAT-2025(DEL)-TP
  • Tax Payer : JCB India Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments qua royalty payments and reimbursement of expenses; Follows assessee’s earlier orders

Feb 26, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-60-ITAT-2025(Mum)-TP
  • Tax Payer : Vodafone Idea Ltd
High Court

HC: Notes DRP's disallowance of goodwill-depreciation deleted by ITAT, quashes reassessment

Feb 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-61-HC-2025(GUJ)-TP
  • Tax Payer : Ammann India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination qua inter-unit transfer of raw-material, considers TNNM as MAM

Feb 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2025(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.
Income tax Appellate Tribunal

ITAT: Issue pending before Supreme Court no basis to direct/enhance TP-adjustment u/s.263

Feb 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-58-ITAT-2025(DEL)-TP
  • Tax Payer : Bharti Airtel Limited
High Court

HC: Dismisses Revenue’s appeal, upholds ITAT’s annulment of assessment

Feb 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-59-HC-2025(DEL)-TP
  • Tax Payer : HCP Petrochem Pvt Ltd
High Court

HC: Allows Casio India’s appeal, sets aside ITAT’s remand w.r.t AMP adjustment

Feb 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-55-HC-2025(DEL)-TP
  • Tax Payer : Casio India Company Pvt Ltd
High Court

HC: Dismisses Unilever Industries' writ but directs refund as per order u/s.154 r.w.s.92CD

Feb 24, 2025
  • In Favour of Revenue
  • Citation Number : TS-56-HC-2025(BOM)-TP
  • Tax Payer : Unilever Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on margin computation and comparables selection in case of Pfizer Products India

Feb 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-53-ITAT-2025(Mum)-TP
  • Tax Payer : Pfizer Products India Private Limited
High Court

HC: Remits corporate guarantee commission issue to be decided in light of SC ruling on SAP Labs

Feb 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-54-HC-2025(BOM)-TP
  • Tax Payer : Piramal Glass Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment w.r.t administrative support services segment; Follows earlier order

Feb 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-51-ITAT-2025(DEL)-TP
  • Tax Payer : Corteva Agriscience India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs exclusion of Persistent Systems on account of functional dissimilarity; Follows assessee’s earlier order

Feb 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-52-ITAT-2025(DEL)-TP
  • Tax Payer : Fiserv India Pvt Ltd