Rulings ( 11511 results )

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Income tax Appellate Tribunal

ITAT: Excludes comparables citing functional difference, turnover, etc for SWD-service provider

May 21, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-198-ITAT-2024(CHNY)-TP
  • Tax Payer : Virtusa Consulting Services Private Limited
High Court

HC: Dismisses Revenue’s appeal on comparables selection sans substantial question of law

May 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-199-HC-2024(DEL)-TP
  • Tax Payer : XL India Business Services Pvt Ltd
High Court

HC: 'Second' TPO-reference superfluous, bars Revenue from passing further final assessment orders for NDTV

May 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-197-HC-2024(DEL)-TP
  • Tax Payer : New Delhi Television Limited
Income tax Appellate Tribunal

ITAT: Netting off amounts payable to AEs with outstanding receivables, on entity-level, unjustified

May 20, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-195-ITAT-2024(DEL)-TP
  • Tax Payer : Rockwell Automation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua notional interest on realization of export sale proceeds

May 20, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-196-ITAT-2024(Ahd)-TP
  • Tax Payer : Intas Pharmaceuticals Ltd.
High Court

HC: Dismisses Revenue's appeals on AMP issue in Pepsico India's case, follows Sony Ericson judgment

May 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-194-HC-2024(DEL)-TP
  • Tax Payer : Pepisco India Holding Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables in ITeS segment over functional dissimilarity; Follows earlier orders

May 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-193-ITAT-2024(Mum)-TP
  • Tax Payer : Tech Mahindra Limited
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment qua oil-import to transaction-level, grants +/-5% benefit

May 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-192-ITAT-2024(Mum)-TP
  • Tax Payer : Bunge India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of SDT-adjustment given omission of Sec.92BA(i); Follows precedent

May 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-191-ITAT-2024(Ahd)-TP
  • Tax Payer : Abhilasha Pharma Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits matter to restrict TP-adjustment from agreement date

May 16, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-190-ITAT-2024(HYD)-TP
  • Tax Payer : Key Point Technologies (India) Private Limited
Income tax Appellate Tribunal

ITAT: Remits MAM-selection qua purchase & sale transactions, notes risk factor upon AE

May 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-188-ITAT-2024(Ahd)-TP
  • Tax Payer : Skaps Industries India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables' selection qua purchase of raw materials, finished goods

May 15, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-189-ITAT-2024(HYD)-TP
  • Tax Payer : R.A.K. Ceramics India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec.271(1)(c) penalty, assessee justified reasons for not charging interest on loan

May 14, 2024
  • In Favour of Assessee
  • Citation Number : TS-187-ITAT-2024(Mum)-TP
  • Tax Payer : Air Works India (Engineering) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CUP, rejects TNMM qua hire of dredgers /vessels; Accepts consistency plea

May 14, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-186-ITAT-2024(CHNY)-TP
  • Tax Payer : International Seaport Dredging Ltd
Income tax Appellate Tribunal

ITAT: Recalls earlier order for inadvertent failure to adjudicate on TP-issues

May 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-185-ITAT-2024(Mum)-TP
  • Tax Payer : Tata Consultancy Services Ltd
Income tax Appellate Tribunal

ITAT: Grant stay of demand considering facts canvassed by assessee as correct unless rebutted

May 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-183-ITAT-2024(DEL)-TP
  • Tax Payer : Corteva Agriscience Services India Private Limited
Income tax Appellate Tribunal

ITAT: Adjustment qua fixed assets' purchase impermissible, final order not conforming to draft order

May 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-184-ITAT-2024(DEL)-TP
  • Tax Payer : American Express (India) Pvt Ltd
High Court

HC: Sets aside final order, demand notice citing technical glitch on portal

May 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-181-HC-2024(KAR)-TP
  • Tax Payer : Himalaya Wellness Company
High Court

HC: Quashes assessment-order passed while assessee’s objections were pending before DRP

May 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-182-HC-2024(MAD)-TP
  • Tax Payer : Multicoreware India P. Ltd
Income tax Appellate Tribunal

ITAT: Remits working capital adjustment for fresh consideration; Follows Huawei Technologies’ ruling

May 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-180-ITAT-2024(Bang)-TP
  • Tax Payer : Linege Power Pvt Ltd