Rulings ( 11320 results )

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Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables, directs AO/TPO to examine working capital adjustment

Feb 15, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-47-ITAT-2024(VIZ)-TP
  • Tax Payer : Brandix Apparel India Private Limited
High Court

HC: Reference to Sec 144C(1) identifies order as draft assessment order

Feb 15, 2024
  • In Favour of Revenue
  • Citation Number : TS-750-HC-2023(MAD)-TP
  • Tax Payer : The Ramco Cements Limited
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s deletion of TP-adjustment qua sale of power u/s.80IA; Follows precedents

Feb 14, 2024
  • In Favour of Assessee
  • Citation Number : TS-46-ITAT-2024(Kol)-TP
  • Tax Payer : IFB Agro Industries Ltd
High Court

HC: Dismisses Revenue's appeal against ITAT order quashing time-barred assessment u/s.144C

Feb 14, 2024
  • In Favour of Assessee
  • Citation Number : TS-45-HC-2024(DEL)-TP
  • Tax Payer : Fiberhome India Private Limited
Income tax Appellate Tribunal

ITAT: Holds final order passed by AO beyond limitation u/s.144C as void

Feb 14, 2024
  • In Favour of Assessee
  • Citation Number : TS-749-ITAT-2023(DEL)-TP
  • Tax Payer : Fiberhome India Private Limited
High Court

HC: Confirms exclusion of Modicare, adoption of TNMM for Oriflame India; Applies rule of consistency

Feb 14, 2024
  • In Favour of Assessee
  • Citation Number : TS-44-HC-2024(DEL)-TP
  • Tax Payer : Oriflame India Private Limited
Income tax Appellate Tribunal

ITAT: Remits economic adjustments towards excess depreciation, capacity under-utilization

Feb 13, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-43-ITAT-2024(Mum)-TP
  • Tax Payer : Schott Glass India Pvt Ltd
High Court

HC: Refuses to interfere with ITAT’s deletion of TP-adjustment on purchase, sale transactions

Feb 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-42-HC-2024(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd
High Court

HC: Foreign AE can be tested party; Dismisses Revenue’s appeal

Feb 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-40-HC-2024(CAL)-TP
  • Tax Payer : ITC Infotech India Ltd
High Court

HC: Dismisses Revenue's appeal against ITAT's confirmation of 0.5% guarantee commission

Feb 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-41-HC-2024(CAL)-TP
  • Tax Payer : Karam Chand Thapar & Bros. Coal Sales Limited
Income tax Appellate Tribunal

ITAT: Accepts foreign-AE as tested party, deletes other TP-adjustments; Follows earlier order

Feb 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-941-ITAT-2022(Kol)-TP
  • Tax Payer : ITC Infotech India Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua alleged interest receivable on AE-advance, follows earlier order

Feb 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-38-ITAT-2024(DEL)-TP
  • Tax Payer : BSC C&C Joint Venture
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments qua export commission, royalty payment; Follows earlier orders

Feb 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-39-ITAT-2024(DEL)-TP
  • Tax Payer : Honda Motorcycle & Scooter India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables in SWD segment; Remits outstanding receivables adjustment; Follows precedents

Feb 08, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-36-ITAT-2024(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd
High Court

HC: Dismisses assessee’s appeal against ITAT order recalled on guarantee fee adjustment

Feb 08, 2024
  • In Favour of None/NA
  • Citation Number : TS-37-HC-2024(GUJ)-TP
  • Tax Payer : Bosch Rexroth (India) Ltd
Income tax Appellate Tribunal

ITAT: Holds CIT(A) not empowered to restore matter back to AO u/s 251

Feb 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-35-ITAT-2024(Mum)-TP
  • Tax Payer : AJE India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in trading segment; Restricts ALP to AE transactions

Feb 07, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-34-ITAT-2024(Bang)-TP
  • Tax Payer : Yokogawa India Ltd
Income tax Appellate Tribunal

ITAT: Extends stay of Rs.1833.22 crores for 6 months; Follows Pepsi Foods, SAP Labs rulings

Feb 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-31-ITAT-2024(Bang)-TP
  • Tax Payer : Xiaomi Technology India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes SDT-adjustment basis omission of Sec.92BA(i), follows precedent

Feb 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-32-ITAT-2024(Mum)-TP
  • Tax Payer : Infrastructure Leasing and Financial Services Limited
High Court

HC: Dismisses Revenue's appeal against ITAT order deleting AMP-adjustment qua Adidas India

Feb 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-33-HC-2024(DEL)-TP
  • Tax Payer : Adidas India Marketing Pvt Ltd