Rulings ( 11320 results )

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High Court

HC: Confirms deletion of royalty, technical services fees adjustments; Applies rule of consistency

Mar 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-90-HC-2024(DEL)-TP
  • Tax Payer : Woodward India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments w.r.t license fee payment & IT cost-allocation; Rules on comparables

Mar 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-86-ITAT-2024(Mum)-TP
  • Tax Payer : The Boston Consulting Group (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)'s deletion of TP-adjustment qua import of goods

Mar 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-87-ITAT-2024(Mum)-TP
  • Tax Payer : Best Seller Fashion India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes IGS adjustment in second round of litigation; Follows precedents

Mar 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-84-ITAT-2024(DEL)-TP
  • Tax Payer : Avery Dennison (India) Pvt Ltd
High Court

HC: Sets aside ITAT’s inconsistent observation on AMP-adjustment in case of Haier Appliances India; Remits matter

Mar 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-85-HC-2024(DEL)-TP
  • Tax Payer : Haier Appliances (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for admin support services qua inter-bank indemnities

Mar 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-82-ITAT-2024(Mum)-TP
  • Tax Payer : The Bank of Nova Scotia
Income tax Appellate Tribunal

ITAT: Tribunal order passed without cognizance of HC-decisions, allows MA, quashes assessment order

Mar 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-83-ITAT-2024(HYD)-TP
  • Tax Payer : Gameloft Software Private Limited
High Court

HC: Dismisses Revenue’s appeal against ITAT's exclusion of TCS E-serve as comparable

Mar 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-80-HC-2024(DEL)-TP
  • Tax Payer : Integreon India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds issuance of letters of comfort/support as international-transaction; Distinguishes from earlier order

Mar 06, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-81-ITAT-2024(Mum)-TP
  • Tax Payer : Asian Paints Ltd
Income tax Appellate Tribunal

ITAT: Upholds NIL ALP for IGS; Follows precedents

Mar 05, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-78-ITAT-2024(DEL)-TP
  • Tax Payer : AT Kearney Ltd
High Court

HC: 'Change of opinion’ no reason to believe income escapement; Disposes of writ

Mar 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-79-HC-2024(BOM)-TP
  • Tax Payer : Sanofi India Limited (formerly Aventis Pharma Limited)
High Court

HC: Internal arrangement w.r.t transfer of assessment proceedings not material for ascertaining limitation

Mar 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-77-HC-2024(MAD)-TP
  • Tax Payer : Taeyang Metal India Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses final order, variations in final order not proposed in draft order

Mar 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-74-ITAT-2024(DEL)-TP
  • Tax Payer : Mobase India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustments qua capital infusion, licensing & custodian fees, loan-interest, etc.

Mar 04, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-76-ITAT-2024(Ahd)-TP
  • Tax Payer : Torrent Pharmaceuticals Ltd
High Court

HC: Non-consideration of submissions is mistake apparent on record; Sets aside Tribunal’s order

Mar 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-75-HC-2024(BOM)-TP
  • Tax Payer : Star India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds higher depreciation under TNMM for newly established company; Rules on comparables

Mar 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-73-ITAT-2024(Kol)-TP
  • Tax Payer : Jamshedpur Continuous Annealing & Processing Company Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua export of formulations, accepts foreign AE as tested party

Mar 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-70-ITAT-2024(Mum)-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua interest on loan; Considers tenure, commercial prudence

Mar 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2024(DEL)-TP
  • Tax Payer : Maharashtra Seamless Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables, TP adjustment on interest, outstanding receivables; Follows earlier order

Mar 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-72-ITAT-2024(Mum)-TP
  • Tax Payer : Varian Medical Systems International India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments w.r.t corporate guarantee fee, loan-interest, expense reimbursement

Feb 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-68-ITAT-2024(Ahd)-TP
  • Tax Payer : Zydus Lifesciences Ltd