Rulings ( 10937 results )
Income tax Appellate Tribunal
ITAT: Draft order not amenable to revision; Cannot invoke Sec.263 if assessment is void
Aug 08, 2025
- In Favour of Assessee
- Citation Number : TS-454-ITAT-2025(Mum)-TP
- Tax Payer : Alok Infrastructure Ltd
Income tax Appellate Tribunal
ITAT: Upholds deletion of adjustment made by invoking Sec.92BA(i) after omission by Finance Act, 2017
Aug 07, 2025
- In Favour of Assessee
- Citation Number : TS-445-ITAT-2025(RAI)-TP
- Tax Payer : C. G. Ispat Private Limited
Income tax Appellate Tribunal
ITAT: Impairment provision only accounting entry, includes comparable for FedEx India
Aug 07, 2025
- In Favour of Assessee
- Citation Number : TS-453-ITAT-2025(Mum)-TP
- Tax Payer : FedEx Express Transportation and Supply Chain Services India Private Limited
Income tax Appellate Tribunal
ITAT: Remits TP adjustment qua delayed receipt of receivables; Directs consideration of Kusum Healthcare ruling
Aug 07, 2025
- In Favour of Both, Partially
- Citation Number : TS-455-ITAT-2025(DEL)-TP
- Tax Payer : Corteva Agriscience Seeds Private Limited (Formerly known as PHI Seeds Private Limited
Income tax Appellate Tribunal
ITAT: Deletes adjustment qua interest on outstanding receivables; Applies 1% rate for guarantee commission
Aug 06, 2025
- In Favour of Assessee
- Citation Number : TS-452-ITAT-2025(DEL)-TP
- Tax Payer : Kohinoor Food Ltd.
Income tax Appellate Tribunal
ITAT: Sets aside final assessment order as not passed within time limit u/s. 144C
Aug 06, 2025
- In Favour of Assessee
- Citation Number : TS-450-ITAT-2025(Bang)-TP
- Tax Payer : Goldman Sachs Service Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rejects CUP as MAM for benchmarking export transaction and royalty payment; Deletes adjustments
Aug 06, 2025
- In Favour of Assessee
- Citation Number : TS-449-ITAT-2025(Mum)-TP
- Tax Payer : Firmenich Aromatics (India) Private Limited
Income tax Appellate Tribunal
ITAT: Upholds TPO’s findings as DRP’s directions were substantially followed
Aug 06, 2025
- In Favour of Revenue
- Citation Number : TS-451-ITAT-2025(Kol)-TP
- Tax Payer : Danieli India Limited
Income tax Appellate Tribunal
ITAT: TPO's notional interest not taxable under India-Germany DTAA Article-11 as 'interest paid'
Aug 05, 2025
- In Favour of Assessee
- Citation Number : TS-444-ITAT-2025(Mum)-TP
- Tax Payer : Volkswagen Aktiengesellschaft
Income tax Appellate Tribunal
ITAT: Dismisses assessee’s appeal as withdrawn in light of settlement under DTVSVS
Aug 05, 2025
- In Favour of None/NA
- Citation Number : TS-443-ITAT-2025(Mum)-TP
- Tax Payer : Dow Chemical International Private Limited
Income tax Appellate Tribunal
ITAT: Adjudicates TP-adjustments qua investment advisory & support services, ITeS for Goldman Sachs
Aug 05, 2025
- In Favour of Both, Partially
- Citation Number : TS-448-ITAT-2025(Mum)-TP
- Tax Payer : Goldman Sachs (India) Securities P. Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment made for reimbursement of expenses, issue being similar as in preceding years
Aug 05, 2025
- In Favour of Assessee
- Citation Number : TS-446-ITAT-2025(Mum)-TP
- Tax Payer : DSV Solutions Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules income from scrap sales as operating, linked to assessee’s main manufacturing activity
Aug 05, 2025
- In Favour of Assessee
- Citation Number : TS-447-ITAT-2025(CHNY)-TP
- Tax Payer : ZF Wind Power Coimbatore Pvt Ltd
Income tax Appellate Tribunal
ITAT: Allows 80-IA deduction; FAR analysis irrelevant for CUP method but specifies exceptions
Aug 04, 2025
- In Favour of Both, Partially
- Citation Number : TS-441-ITAT-2025(Mum)-TP
- Tax Payer : Laxmi Organic Industries Limited
Income tax Appellate Tribunal
ITAT: AO cannot extend limitation u/s.144(13) citing DRP’s rectification u/s.154, quashes final assessment order
Aug 04, 2025
- In Favour of Assessee
- Citation Number : TS-442-ITAT-2025(DEL)-TP
- Tax Payer : Fresenius Kabi Oncology Ltd
Income tax Appellate Tribunal
ITAT: Remits TP addition qua interest on outstanding receivables; Directs TPO to examine amounts, credits given to AEs
Aug 04, 2025
- In Favour of Assessee
- Citation Number : TS-440-ITAT-2025(DEL)-TP
- Tax Payer : Acme Cleantech Solutions Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Dismisses assessee’s appeal against PCIT-order for non-prosecution
Aug 04, 2025
- In Favour of None/NA
- Citation Number : TS-436-ITAT-2025(Ahd)-TP
- Tax Payer : A. Menarini India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables; Applies LIBOR +200 basis point with credit period of 60 days
Aug 04, 2025
- In Favour of Both, Partially
- Citation Number : TS-439-ITAT-2025(DEL)-TP
- Tax Payer : Calsonic KanseiMotherson Auto Products Private Limited
Income tax Appellate Tribunal
ITAT: Remits ALP determination qua management fees; Admits assessee’s additional evidence
Aug 04, 2025
- In Favour of Assessee
- Citation Number : TS-438-ITAT-2025(PAN)-TP
- Tax Payer : Guala Closures India Private Limited
Income tax Appellate Tribunal
ITAT: TP-provisions inapplicable to tonnage tax company, deletes adjustments w.r.t charter-hire charges, ship sale
Aug 04, 2025
- In Favour of Assessee
- Citation Number : TS-437-ITAT-2025(CHNY)-TP
- Tax Payer : GU Ocean Private Ltd