Rulings ( 11320 results )

Filters
High Court

HC: Dismisses Revenue’s appeal against Tribunal’s order on MA u/s 254(2)

Feb 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-69-HC-2024(DEL)-TP
  • Tax Payer : Fiserv India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for interbank indemnities issued by overseas branches, upholds TNMM

Feb 28, 2024
  • In Favour of Assessee
  • Citation Number : TS-67-ITAT-2024(Mum)-TP
  • Tax Payer : The Bank of Nova Scotia
Income tax Appellate Tribunal

ITAT: Remands disallowance computation, cites AO's failure to follow DRP-order in true sense

Feb 28, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-65-ITAT-2024(Mum)-TP
  • Tax Payer : Pacific Internet India Pvt Ltd
High Court

HC: Allows assessee’s writ petition on refund of tax deposited for grant of stay

Feb 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-66-HC-2024(DEL)-TP
  • Tax Payer : Navisite India Pvt. Ltd
High Court

HC: Disposes Revenue's appeal citing expiry of ITAT-order extending stay of demand

Feb 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-64-HC-2024(MAD)-TP
  • Tax Payer : Durr India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua notional interest on outstanding receivables

Feb 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2024(Bang)-TP
  • Tax Payer : Altisource Business Solutions Private Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee's MA seeking rectification of Tribunal order on comparable-selection

Feb 26, 2024
  • In Favour of Revenue
  • Citation Number : TS-61-ITAT-2024(DEL)-TP
  • Tax Payer : Louis Dreyfur Commodities India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs TPO to follow DRP’s directions w.r.t aggregation approach, TNMM application

Feb 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-62-ITAT-2024(Kol)-TP
  • Tax Payer : Linde India Ltd (formerly BOC India Ltd)
Income tax Appellate Tribunal

ITAT: Holds delivery / warranty costs not part of AMP-spend for Amazon India

Feb 26, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-60-ITAT-2024(Bang)-TP
  • Tax Payer : Amazon Seller Services Private Limited
Income tax Appellate Tribunal

ITAT: Grants stay of demand to DLF Midtown w.r.t SDT-adjustment u/s.92BA

Feb 23, 2024
  • In Favour of Assessee
  • Citation Number : TS-59-ITAT-2024(DEL)-TP
  • Tax Payer : DLF Midtown P Ltd
Income tax Appellate Tribunal

ITAT: Deletes addition qua commission on SBLC; Follows earlier order

Feb 23, 2024
  • In Favour of Assessee
  • Citation Number : TS-58-ITAT-2024(DEL)-TP
  • Tax Payer : Bhartiya International Ltd
Income tax Appellate Tribunal

ITAT: Deletes notional interest on outstanding receivables; Follows precedents

Feb 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2024(DEL)-TP
  • Tax Payer : TCI-GO Vacation India Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s MA qua interest on receivables, invoice-wise details not filed earlier

Feb 22, 2024
  • In Favour of Revenue
  • Citation Number : TS-56-ITAT-2024(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.
Income tax Appellate Tribunal

ITAT: Upholds comparables selected by TPO/DRP; Remits interest on outstanding receivables

Feb 21, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-54-ITAT-2024(VIZ)-TP
  • Tax Payer : Teejay India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for AMP expenses alleged as brand promotion; Follows earlier orders

Feb 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-55-ITAT-2024(CHNY)-TP
  • Tax Payer : Hyundai Motor India Limited
High Court

HC: Dismisses Revenue's application since prior appellate order compliant with SAP Labs judgment

Feb 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-52-HC-2024(BOM)-TP
  • Tax Payer : B.P. India Services Pvt. Ltd
High Court

HC: TP adjustment to be restricted to AE-transaction only; Remits matter for consideration of precedents

Feb 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-51-HC-2024(KAR)-TP
  • Tax Payer : Wipro Enterprises Private Limited
Income tax Appellate Tribunal

ITAT: No change in facts to deviate from TNMM to CUP; Confirms rejection of multiple/ prior year data

Feb 16, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-49-ITAT-2024(VIZ)-TP
  • Tax Payer : Teejay India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments qua Letter of comfort, interest on delayed realization

Feb 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-50-ITAT-2024(Mum)-TP
  • Tax Payer : Tata International Limited
Income tax Appellate Tribunal

ITAT: Rejects assessee’s own recharacterization as distributor, upholds CUP to benchmark API-import

Feb 15, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-48-ITAT-2024(Mum)-TP
  • Tax Payer : Fulford (India) Limited