Rulings ( 10937 results )

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Income tax Appellate Tribunal

ITAT: Accepts Assessee's operating margin at 6.24%; No adjustment required under trading activity

Aug 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-432-ITAT-2025(DEL)-TP
  • Tax Payer : URB India Bearing Factory and Trade Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes disallowance of support services cost for Genpact, following earlier order

Aug 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-433-ITAT-2025(DEL)-TP
  • Tax Payer : Genpact Services LLC
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustment qua interest on outstanding trade receivables; Follows precedents

Aug 01, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-435-ITAT-2025(HYD)-TP
  • Tax Payer : Signode India Limited
Income tax Appellate Tribunal

ITAT: Excludes company engaged in selling newspaper being functionally dissimilar to assessee

Aug 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-434-ITAT-2025(DEL)-TP
  • Tax Payer : IRDETO Technology India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes addition qua advisory services provided by AE; Follows earlier order

Jul 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-431-ITAT-2025(Kol)-TP
  • Tax Payer : Bata India Ltd
Income tax Appellate Tribunal

ITAT: Quashes penalty levied by TPO u/s. 271G on account of jurisdictional error

Jul 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-1270-ITAT-2019(DEL)-TP
  • Tax Payer : Bio Rad Laboratories (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes 271G penalty basis assessee able to explain cause for documents submission failure

Jul 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-784-ITAT-2012(HYD)-TP
  • Tax Payer : Remy Electricals India Ltd
Income tax Appellate Tribunal

ITAT: Deletes penalty levied u/s 271G; Follows precedent

Jul 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-1133-ITAT-2016(HYD)-TP
  • Tax Payer : Bartonics India Ltd
Income tax Appellate Tribunal

ITAT: Upholds TPO's segregation but remits ALP-determination qua IGS for substantiating need, benefit etc

Jul 31, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-427-ITAT-2025(Mum)-TP
  • Tax Payer : Portescap India Private Limited
Income tax Appellate Tribunal

ITAT: Grants stay on recovery of remaining outstanding demand subject to condition of pre-deposit

Jul 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-429-ITAT-2025(DEL)-TP
  • Tax Payer : Sumitomo Corporation India P. Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MAs in recalling ITAT order remanded for fresh adjudication

Jul 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-430-ITAT-2025(CHNY)-TP
  • Tax Payer : Kubota Agricultural Machinery India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Companies engaged in R&D activity not comparable to transaction of CSMM support services

Jul 30, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-428-ITAT-2025(Mum)-TP
  • Tax Payer : Pfizer Limited
High Court

HC: Disposes of assessee’s WP quashing final assessment order as time-barred

Jul 29, 2025
  • In Favour of Assessee
  • Citation Number : TS-426-HC-2025(MAD)-TP
  • Tax Payer : Cholamandalam MS General Insurance Company Limited
Income tax Appellate Tribunal

ITAT: AO to decide limitation period and applicability of either Sec. 153C or Sec. 147

Jul 29, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-425-ITAT-2025(DEL)-TP
  • Tax Payer : S.A. Propcon Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Directs examining if impugned transaction can be subjected to domestic TP provisions

Jul 29, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-424-ITAT-2025(DEL)-TP
  • Tax Payer : Leadvance Private Limited
Income tax Appellate Tribunal

ITAT: Remits disallowance of royalty issue to be decided subject to outcome of APA

Jul 29, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-422-ITAT-2025(VIZ)-TP
  • Tax Payer : Teejay India Private Limited
Income tax Appellate Tribunal

ITAT: DRP not appellate authority, part of assessment mechanism; Declines remand before it

Jul 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-423-ITAT-2025(Mum)-TP
  • Tax Payer : O.C. Tanner India Pvt. Ltd
High Court

HC: AO not intimated about objections before DRP, sets aside final assessment order

Jul 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-421-HC-2025(BOM)-TP
  • Tax Payer : Saleri India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for non-core automotive component manufacturer

Jul 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-419-ITAT-2025(DEL)-TP
  • Tax Payer : Daido India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Holds SBI-PLR as appropriate rate of interest for CCDs; Relies on earlier order

Jul 24, 2025
  • In Favour of Revenue
  • Citation Number : TS-420-ITAT-2025(HYD)-TP
  • Tax Payer : Invesco (India) Private Limited