Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Holds assessee not 'eligible' u/s.144C, notes TP-adjustment made qua separate entity which got amalgamated

  • In Favour of Assessee
  • Citation Number : TS-577-ITAT-2024(Mum)-TP
  • Tax Payer : Novateur Electrical and Digital Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts additional evidence, remits TP-adjustment qua purchase of books

  • In Favour of Both, Partially
  • Citation Number : TS-22-ITAT-2025(DEL)-TP
  • Tax Payer : Bloomsbury Publishing India Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments qua IGS, payment of sales margin; Applies rule of consistency

  • In Favour of Both, Partially
  • Citation Number : TS-23-ITAT-2025(Kol)-TP
  • Tax Payer : TDK India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes Satyam Venture as export sales included consolidated results of other subsidiaries

  • In Favour of Assessee
  • Citation Number : TS-19-ITAT-2025(Bang)-TP
  • Tax Payer : Weir Minerals (India) Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua IGS made on basis of wrong premises & adhoc estimation

  • In Favour of Assessee
  • Citation Number : TS-20-ITAT-2025(Mum)-TP
  • Tax Payer : Lanxess India Private Ltd.
Income tax Appellate Tribunal

ITAT: Holds penalty order passed in perfunctory manner, considers transactions recorded at ALP

  • In Favour of Assessee
  • Citation Number : TS-21-ITAT-2025(Ahd)-TP
  • Tax Payer : Priya Blue Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sec.92BA applicability independent from deduction-claim u/s.80-IA, upholds SDT-adjustment

  • In Favour of Assessee
  • Citation Number : TS-18-ITAT-2025(HYD)-TP
  • Tax Payer : Sanghi Industries Limited
Supreme Court

SC: Dismisses Amadeus India’s SLP w.r.t AMP adjustment on ground of delay

  • In Favour of Assessee
  • Citation Number : TS-16-SC-2025-TP
  • Tax Payer : AMADEUS INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed in name of non-existent merged company

  • In Favour of Assessee
  • Citation Number : TS-17-ITAT-2025(DEL)-TP
  • Tax Payer : Mentor Graphics (Noida) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs TPO to benchmark interest on debentures based on comparable international transactions

  • In Favour of Both, Partially
  • Citation Number : TS-14-ITAT-2025(CHNY)-TP
  • Tax Payer : Sundram Fasteners Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to comply with DRP’s direction granting ± 3% adjustment; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-15-ITAT-2025(Ahd)-TP
  • Tax Payer : HITACHI HI REL POWER ELECTRONICS PVT LTD
High Court

HC: Affirms deletion of adjustment qua transfer of power, refers to Jindal Steel SC-ruling

  • In Favour of Assessee
  • Citation Number : TS-13-HC-2025(DEL)-TP
  • Tax Payer : DCM Shriram Ltd
Income tax Appellate Tribunal

ITAT: Remits plea related to treatment of warranty provision written back as operating in nature

  • In Favour of Both, Partially
  • Citation Number : TS-11-ITAT-2025(Mum)-TP
  • Tax Payer : Sirona Dental Systems Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A) applying LIBOR as interest rate on outstanding receivables

  • In Favour of Assessee
  • Citation Number : TS-12-ITAT-2025(CHNY)-TP
  • Tax Payer : Saipem India Projects Limited
High Court

HC: Assessment on non-existent entity, a fatal flaw, cannot be rescued u/s 292B; Distinguishes Sky Light decision

  • In Favour of Assessee
  • Citation Number : TS-10-HC-2025(DEL)-TP
  • Tax Payer : Vedanta Ltd
Income tax Appellate Tribunal

ITAT: DRP not empowered to consider issues where no variation is proposed in draft order

  • In Favour of Both, Partially
  • Citation Number : TS-08-ITAT-2025(PUN)-TP
  • Tax Payer : Qubix Business Park Private Limited
Income tax Appellate Tribunal

ITAT: Directs TPO to include Magma Advisory basis not a loss-making company

  • In Favour of Assessee
  • Citation Number : TS-09-ITAT-2025(DEL)-TP
  • Tax Payer : Honda R & D (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Revenue cannot presume, impose mark-up on 'negative services' or expenses for shutting business

  • In Favour of Assessee
  • Citation Number : TS-07-ITAT-2025(DEL)-TP
  • Tax Payer : Motricity India Private Limited
Income tax Appellate Tribunal

ITAT: Incorrect addition by treating reimbursement as income under Article 13 of DTAA

  • In Favour of Assessee
  • Citation Number : TS-05-ITAT-2025(Mum)-TP
  • Tax Payer : ISS AS, DENMARK
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s deletion of Sec.271G penalty, considers HC decision quashing assessment order

  • In Favour of Assessee
  • Citation Number : TS-06-ITAT-2025(PUN)-TP
  • Tax Payer : Undercarriage and Tractor Parts Pvt Ltd