Rulings ( 11320 results )

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High Court

HC: Disposes of Revenue's appeal; Considers mean margin computation, notes no adverse tax-impact

Apr 01, 2024
  • In Favour of None/NA
  • Citation Number : TS-127-HC-2024(DEL)-TP
  • Tax Payer : Techbooks Electronics Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment-order passed in non-existent entity's name as void ab initio

Apr 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-128-ITAT-2024(DEL)-TP
  • Tax Payer : Boeing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Inadequacy of enquiry by AO w.r.t certain claim does not warrant revision u/s 263

Apr 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-126-ITAT-2024(DEL)-TP
  • Tax Payer : Idemia Syscom India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds EURIBOR to be at ALP for AE-loan; Deletes TP-adjustment

Mar 28, 2024
  • In Favour of None/NA
  • Citation Number : TS-124-ITAT-2024(DEL)-TP
  • Tax Payer : Motherson Sumi Systems Ltd
Income tax Appellate Tribunal

ITAT: Admits additional evidence considering co-ordinate bench observations for earlier AYs

Mar 28, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-125-ITAT-2024(Mum)-TP
  • Tax Payer : Servier India Private Limited
Income tax Appellate Tribunal

ITAT: Transfer from faceless AO to jurisdictional AO does not extend time limit

Mar 28, 2024
  • In Favour of Assessee
  • Citation Number : TS-123-ITAT-2024(DEL)-TP
  • Tax Payer : Nikon India Pvt Ltd
High Court

HC: Quashes final assessment order, demand/penalty notices pending DRP reference

Mar 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-121-HC-2024(BOM)-TP
  • Tax Payer : APM Terminals India Private Limited
High Court

HC: Dismisses application for condonation of delay; Rejects appeal against foreign-AE selected as tested-party

Mar 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-122-HC-2024(CAL)-TP
  • Tax Payer : TCG Digital Solutions (P) Ltd
Income tax Appellate Tribunal

ITAT: Upholds assessee's 'other method' over TNMM for benchmarking purchase of traded goods

Mar 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-119-ITAT-2024(DEL)-TP
  • Tax Payer : Golden Agri Resources (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects NIL-ALP of IGS, notes TPO/DRP rendered contradictory observations

Mar 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-120-ITAT-2024(DEL)-TP
  • Tax Payer : Intertek India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Distinguishes letter of comfort viz-a-viz letter of guarantee; Deletes TP-adjustment

Mar 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-118-ITAT-2024(Mum)-TP
  • Tax Payer : Lupin Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables under contract software development segment, remits interest on receivables

Mar 25, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-117-ITAT-2024(DEL)-TP
  • Tax Payer : Nokia Solutions and Networks India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT-order qua royalty, share valuation for Dabur India

Mar 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-116-HC-2024(DEL)-TP
  • Tax Payer : Dabur India Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments qua corporate guarantee commission, interest on loan

Mar 22, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-114-ITAT-2024(Mum)-TP
  • Tax Payer : ACG Associated Capsules Pvt Ltd
High Court

HC: Dismisses Revenue's 'misconceived' appeal against ITAT-order rejecting invocation of TP-provisions

Mar 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-115-HC-2024(DEL)-TP
  • Tax Payer : Mercer Consulting India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds exclusion of comparables with high turnover, negative operating margins

Mar 21, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-112-ITAT-2024(DEL)-TP
  • Tax Payer : STMicroelectronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits issues w.r.t segmental margin details, expatriates-salary reimbursement

Mar 21, 2024
  • In Favour of None/NA
  • Citation Number : TS-113-ITAT-2024(HYD)-TP
  • Tax Payer : TPSC (India) Private Limited
Income tax Appellate Tribunal

ITAT: Fresh TPO-reference required once pending assessment abates u/s.153A(1) pursuant to search

Mar 21, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-111-ITAT-2024(Kol)-TP
  • Tax Payer : Himatsingka Seide Ltd
Income tax Appellate Tribunal

ITAT: Invoices/separate agreements between branches unnecessary if cost allocation done basis proper key

Mar 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-110-ITAT-2024(Mum)-TP
  • Tax Payer : Standard Chartered Bank Ltd
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustments qua corporate guarantee, royalty etc; Follows earlier orders

Mar 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-108-ITAT-2024(DEL)-TP
  • Tax Payer : Dabur India Ltd