Rulings ( 11320 results )

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Supreme Court

SC: Dismisses Revenue’s SLP against HC-order in AMD India's case considering low tax effect

Mar 20, 2024
  • In Favour of None/NA
  • Citation Number : TS-109-SC-2024-TP
  • Tax Payer : AMD India Private Ltd
Income tax Appellate Tribunal

ITAT: Restores TP-adjustment w.r.t ITeS, payment for K-Net charges considering India-US Bilateral APA

Mar 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2024(DEL)-TP
  • Tax Payer : A.T. Kearney Ltd
High Court

HC: Dismisses Revenue's appeal against ITAT's exclusion of Infosys, Persistent etc as comparables

Mar 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-106-HC-2024(DEL)-TP
  • Tax Payer : NEC Technologies India P Ltd
Income tax Appellate Tribunal

ITAT: Interest on outstanding receivables not ‘Eligible International Transaction’ for Safe-Harbour applicability

Mar 19, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-105-ITAT-2024(DEL)-TP
  • Tax Payer : Iomedia India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment in case of Maruti Suzuki India, notes comparables margin higher than assessee

Mar 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-103-ITAT-2024(DEL)-TP
  • Tax Payer : Maruti Suzuki India Limited
Income tax Appellate Tribunal

ITAT: Holds TPO's order, final assessment order barred by limitation; Follows precedents

Mar 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-104-ITAT-2024(Mum)-TP
  • Tax Payer : India Medtronic Pvt Ltd
Income tax Appellate Tribunal

ITAT: Limitation period u/s 144C(13) considered from DRP's (not TPO's) directions, Quashes assessment-orders

Mar 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-102-ITAT-2024(Kol)-TP
  • Tax Payer : Skylark Fiscal Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Order conforming to Tecnimont HC-decision, non-consideration of coordinate-bench rulings not 'error'

Mar 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-100-ITAT-2024(HYD)-TP
  • Tax Payer : Quislex Legal Services P Ltd
Income tax Appellate Tribunal

ITAT: Accepts unaudited segmental accounts; Deletes adjustment qua agency, marketing support services

Mar 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-101-ITAT-2024(DEL)-TP
  • Tax Payer : Spectris Technologies [P] Ltd
Income tax Appellate Tribunal

ITAT: Accepts ‘other method’ for benchmarking equipment imports; Applies rule of consistency

Mar 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-99-ITAT-2024(CHNY)-TP
  • Tax Payer : RKM Powergen Private Limited
Income tax Appellate Tribunal

ITAT: Adjudicates TP-adjustment on outstanding receivables, upholds LIBOR-application

Mar 14, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-96-ITAT-2024(DEL)-TP
  • Tax Payer : Jubilant Pharmova Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s plea seeking inclusion of company; Cites unavailability of segmental results

Mar 14, 2024
  • In Favour of Revenue
  • Citation Number : TS-98-ITAT-2024(DEL)-TP
  • Tax Payer : CBRE South Asia (P) Ltd
Income tax Appellate Tribunal

ITAT: Rejects argument that clause providing interest on receivables "may accrue" doesn't bind assessee

Mar 14, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-97-ITAT-2024(DEL)-TP
  • Tax Payer : Concentrix Daksh Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts actual royalty received, deletes adjustment for notional amount; Applies consistency rule

Mar 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-95-ITAT-2024(Mum)-TP
  • Tax Payer : Asian Paints Ltd
High Court

HC: Upholds Tribunal’s ruling deleting TP-adjustments on royalty, technical service, commission, outstanding receivables

Mar 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-94-HC-2024(DEL)-TP
  • Tax Payer : COIM India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts payment of interest on ECB at LIBOR+275 bps, remits working capital adjustment

Mar 12, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-91-ITAT-2024(HYD)-TP
  • Tax Payer : Medtronic Engineering and Innovation Centre Private Limited
High Court

HC: Dismisses Revenue’s appeal against ITAT-order granting appropriate capacity utilization adjustment

Mar 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-92-HC-2024(BOM)-TP
  • Tax Payer : Radhashir Jewellery Co Pvt Ltd
High Court

HC: Upholds setting aside of TPO's rectification-order passed without affording hearing opportunity

Mar 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-93-HC-2024(DEL)-TP
  • Tax Payer : Humboldt Wedag India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of adjustment qua bullion purchase, considers database capturing market volatility

Mar 11, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-88-ITAT-2024(Mum)-TP
  • Tax Payer : Bank of Nova Scotia
Income tax Appellate Tribunal

ITAT: Holds letter of comfort as international transaction; Excludes Axis Integrated Systems

Mar 11, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-89-ITAT-2024(Mum)-TP
  • Tax Payer : Asian Paints Ltd