Rulings ( 11320 results )

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Income tax Appellate Tribunal

ITAT: Directs AO/TPO to recompute interest on loan fund after considering comparable

Apr 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-149-ITAT-2024(Kol)-TP
  • Tax Payer : Titagarh Wagon Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s deletion of TP-adjustment qua performance guarantee for Shapoorji Pallonji

Apr 18, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-147-ITAT-2024(Mum)-TP
  • Tax Payer : Shapoorji Pallonji and Company Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua technical know-how fee, allows capacity utilization adjustment

Apr 17, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-145-ITAT-2024(Mum)-TP
  • Tax Payer : Thermax Babcock & Wilcox Energy Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Partly allows Revenue’s MA to adjudicate ALP of interest on loan borrowed

Apr 17, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-146-ITAT-2024(HYD)-TP
  • Tax Payer : Progress Software Development Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua drug-sale while accepting assessee's TNMM as MAM

Apr 16, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-144-ITAT-2024(Mum)-TP
  • Tax Payer : USV Private Limited
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as international transaction, Determines ALP @0.5%; Follows precedents

Apr 16, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-143-ITAT-2024(Kol)-TP
  • Tax Payer : Tega Industries Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua technical know-how fees; Holds forex gain as operating in nature

Apr 15, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-141-ITAT-2024(Mum)-TP
  • Tax Payer : UPS Express P Ltd
Income tax Appellate Tribunal

ITAT: Distinguishes LOC from bank guarantee basis obligations, risks; Upholds TP-adjustment on LOC

Apr 15, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-142-ITAT-2024(Ahd)-TP
  • Tax Payer : Axis Bank Limited
Income tax Appellate Tribunal

ITAT: Follows earlier order adopting LIBOR for loan-interest, directs AO to recompute ALP

Apr 12, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-139-ITAT-2024(Kol)-TP
  • Tax Payer : GE Healthcare Finland Oy
High Court

HC: No assessment order framed after TPO's order; Directs Revenue to examine refund claim

Apr 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-140-HC-2024(DEL)-TP
  • Tax Payer : Evalueserve.com Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on valuation principles, circle rates for DLF Urban; Rejects S.92BA(i) applicability

Apr 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-138-ITAT-2024(DEL)-TP
  • Tax Payer : DLF Urban Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Examines ALP of royalty payment, considers consistency in conduct while interpreting agreements

Apr 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-137-ITAT-2024(DEL)-TP
  • Tax Payer : CRM Services India Pvt Ltd
High Court

HC: Confirms ITAT’s deletion of TP adjustment qua IGS; Dismisses Revenue’s appeal

Apr 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-136-HC-2024(DEL)-TP
  • Tax Payer : A T Kearney Limited
High Court

HC: Upholds ITAT's exclusion of L&T, Wipro & Zylog citing functional dissimilarity, etc

Apr 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-135-HC-2024(DEL)-TP
  • Tax Payer : Fiserv India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal on exclusion of certain comparables

Apr 03, 2024
  • In Favour of Assessee
  • Citation Number : TS-133-HC-2024(DEL)-TP
  • Tax Payer : Nokia Seimens Networks India P Ltd
High Court

HC: Dismisses Revenue's appeal against comparables' selection, considers findings qua geographical location/industry

Apr 03, 2024
  • In Favour of Assessee
  • Citation Number : TS-134-HC-2024(DEL)-TP
  • Tax Payer : Tupperware India Pvt. Ltd.
High Court

HC: Sets aside draft assessment order with TP-adjustment in addition to TPO’s order

Apr 03, 2024
  • In Favour of Assessee
  • Citation Number : TS-132-HC-2024(DEL)-TP
  • Tax Payer : Giesecke and Devrient [I] Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds DCF for share valuation citing flaws in Tata Sons' hybrid method

Apr 03, 2024
  • In Favour of Revenue
  • Citation Number : TS-131-ITAT-2024(Mum)-TP
  • Tax Payer : Tata Sons Private Limited
Income tax Appellate Tribunal

ITAT: Remits SWD adjustment for de novo examination for Microsoft Global Services

Apr 02, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-129-ITAT-2024(HYD)-TP
  • Tax Payer : Microsoft Global Services Centre (India) Private Limited
Income tax Appellate Tribunal

ITAT: Accepts TNMM over CUP for export transaction; Remits TP-adjustment qua IGS

Apr 02, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-130-ITAT-2024(Mum)-TP
  • Tax Payer : Lanxess India Private Ltd.