Rulings ( 11511 results )

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Income tax Appellate Tribunal

ITAT: Remits NIL benchmarking of management fee; TPO cannot examine matter w.r.t Sec.37

Jun 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-221-ITAT-2024(Mum)-TP
  • Tax Payer : Naturex India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Rectifies mistake in quantum of amortisation per DRP’s direction

Jun 04, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-220-ITAT-2024(CHNY)-TP
  • Tax Payer : iSoft Health Management India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds deletion of TP-addition qua payment of royalty, management fees, IT allocation cost

Jun 03, 2024
  • In Favour of Assessee
  • Citation Number : TS-218-ITAT-2024(Ahd)-TP
  • Tax Payer : Invida India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes SDT-adjustment citing omission of Sec.92BA(i); Applies Texport Overseas HC-ruling

Jun 03, 2024
  • In Favour of Assessee
  • Citation Number : TS-219-ITAT-2024(PUN)-TP
  • Tax Payer : Uttam Energy Limited
Income tax Appellate Tribunal

ITAT: Upholds CUP, rather than TNMM, for benchmarking technical fees

May 31, 2024
  • In Favour of Assessee
  • Citation Number : TS-215-ITAT-2024(DEL)-TP
  • Tax Payer : Takenaka India Pvt Ltd
High Court

HC: Holds TPO-reference in itself causes no prejudice warranting invocation of writ jurisdiction

May 31, 2024
  • In Favour of Revenue
  • Citation Number : TS-214-HC-2024(DEL)-TP
  • Tax Payer : Infonox Software Private Limited
Income tax Appellate Tribunal

ITAT: Rules-out negative working capital adjustment for captive service provider; Rules on comparables

May 30, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-213-ITAT-2024(Bang)-TP
  • Tax Payer : Intuit India Product Development Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes penalty u/s.271G on SDT as TPO accepted assessee’s ALP computation

May 30, 2024
  • In Favour of Assessee
  • Citation Number : TS-212-ITAT-2024(Mum)-TP
  • Tax Payer : Excel Biolife Private Limited
Income tax Appellate Tribunal

ITAT: Remits characterization of services rendered by Assessee; Deletes cost-contribution charges adjustment

May 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-211-ITAT-2024(Bang)-TP
  • Tax Payer : Ingersoll-Rand (India) Limited
High Court

HC: Dismisses Revenue's appeal on AMP adjustment for India specific products

May 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-210-HC-2024(DEL)-TP
  • Tax Payer : Pernod Ricard India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM over CUP for brokerage commission, branding fees; Follows earlier orders

May 28, 2024
  • In Favour of Assessee
  • Citation Number : TS-208-ITAT-2024(Mum)-TP
  • Tax Payer : CLSA India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparable citing non-availability of required information u/s.133(6)

May 28, 2024
  • In Favour of Assessee
  • Citation Number : TS-209-ITAT-2024(Bang)-TP
  • Tax Payer : Zyme Solutions Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Refuses to constitute SB for conflicting judgments u/s 92BA(i); Follows precedents

May 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-206-ITAT-2024(DEL)-TP
  • Tax Payer : Panacea Boitec Ltd
Income tax Appellate Tribunal

ITAT: Holds, onus on assessee to show pharma industry permits credit-period exceeding 60-days

May 27, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-207-ITAT-2024(HYD)-TP
  • Tax Payer : Hetero Labs Limited
Income tax Appellate Tribunal

ITAT: Deletes IGS adjustment as 3% within acceptable range; Rules on comparables

May 24, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-204-ITAT-2024(Kol)-TP
  • Tax Payer : Primetals Technologies India Pvt Ltd
High Court

HC: Disposes of Revenue’s appeal on management, support services, IGS citing subsequent developments

May 24, 2024
  • In Favour of Assessee
  • Citation Number : TS-205-HC-2024(CAL)-TP
  • Tax Payer : Cookson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs ALP re-computation basis 30 days credit period or agreement; Follows precedents

May 23, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-202-ITAT-2024(HYD)-TP
  • Tax Payer : ValueMomentum Software Services Private Limited
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to AE-transactions, restores adjustments qua manufacturing/trading segments

May 23, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-203-ITAT-2024(HYD)-TP
  • Tax Payer : Imerys Ceramics India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables, restricts TP-adjustment to international transactions; Remits interest on receivables

May 22, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-200-ITAT-2024(Bang)-TP
  • Tax Payer : Kennametal India Ltd
Income tax Appellate Tribunal

ITAT: Deletes proportionate adjustment w.r.t purchases from AEs, margin not exceeding 3%

May 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-201-ITAT-2024(JODH)-TP
  • Tax Payer : Priti Lodha