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Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t provision of engineering and design services

May 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-230-ITAT-2025(DEL)-TP
  • Tax Payer : Lummus Technology Heat Transfer BV
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s restriction of corporate-guarantee at 1%, deletion of addition u/s. 80IA(8)

May 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-224-ITAT-2025(CHNY)-TP
  • Tax Payer : CRI Pumps Private Limited
Income tax Appellate Tribunal

ITAT: Remits ALP determination qua payment towards engineering support, margin computation

May 09, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-225-ITAT-2025(CHNY)-TP
  • Tax Payer : Seoyon E-Hwa Summit Automative India Private Limited
Income tax Appellate Tribunal

ITAT: Directs application of US MAP resolution for non-US AE, if international-transaction found similar

May 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-226-ITAT-2025(CHNY)-TP
  • Tax Payer : Sutherland Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment towards global client services payment made on adhoc basis

May 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-228-ITAT-2025(Mum)-TP
  • Tax Payer : ISS Facility Services India Private Limited
Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed without draft order as well as corrigendum issued by AO

May 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-231-ITAT-2025(CHNY)-TP
  • Tax Payer : POSCO India Processing Centre Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Holds AO’s final assessment order passed without following DRP’s directions is in violation of Sec.144C

May 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-229-ITAT-2025(DEL)-TP
  • Tax Payer : Grohe India Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes penalty levied u/s. 271G for diamond trade transaction

May 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-227-ITAT-2025(Mum)-TP
  • Tax Payer : Eurostar Diamonds India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua technical knowhow royalty, deletes adjustment qua outstanding receivables

May 08, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-217-ITAT-2025(DEL)-TP
  • Tax Payer : Tupperware India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment w.r.t payment for management and technical assistance services

May 08, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-220-ITAT-2025(HYD)-TP
  • Tax Payer : Mane India Private Limited
Income tax Appellate Tribunal

ITAT: Grants stay for 180 days to Suzuki Motorcycles India, subject to payment of 20% demand

May 08, 2025
  • In Favour of Assessee
  • Citation Number : TS-218-ITAT-2025(DEL)-TP
  • Tax Payer : Suzuki Motorcycles (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants stay of outstanding demand after adjustment of 20% of demand

May 08, 2025
  • In Favour of Assessee
  • Citation Number : TS-221-ITAT-2025(DEL)-TP
  • Tax Payer : Aptive Components India P Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec. 271AA penalty; Considers no adjustment by AO on any international transaction

May 08, 2025
  • In Favour of Assessee
  • Citation Number : TS-219-ITAT-2025(DEL)-TP
  • Tax Payer : Sarens Heavy Lift India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Grants stay for recovery of outstanding demand for a period of 180 days

May 08, 2025
  • In Favour of Assessee
  • Citation Number : TS-222-ITAT-2025(DEL)-TP
  • Tax Payer : Highly Marelli Motherson Thermal Solutions P. Ltd
Income tax Appellate Tribunal

ITAT: Treats export incentive, IPS subsidies, provisions written back as operating income

May 07, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-214-ITAT-2025(CHNY)-TP
  • Tax Payer : Nissan Motor India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Holds assessment order passed as time-barred; Quashes subsequent Sec.263-order being invalid

May 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-215-ITAT-2025(Kol)-TP
  • Tax Payer : Nippon Yusen Kabushiki Kaisha
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustments qua income from employee deputation, royalty / FTS payment

May 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-216-ITAT-2025(CHNY)-TP
  • Tax Payer : International Seaport Dredging Ltd
Income tax Appellate Tribunal

ITAT: Excludes companies basis not comparable to a captive service provider; Deletes back-office support services adjustment

May 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-211-ITAT-2025(Mum)-TP
  • Tax Payer : ICICI Bank Ltd
Income tax Appellate Tribunal

ITAT: Remits penalty issue directing reasonable opportunity of being heard for assessee

May 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-212-ITAT-2025(DEL)-TP
  • Tax Payer : LG Electronics India Pvt. Ltd.
High Court

HC: AMP expenses cannot be considered separate international transaction; Dismisses Revenue’s appeal

May 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-210-HC-2025(DEL)-TP
  • Tax Payer : Wrigley India Pvt Ltd