Rulings ( 11511 results )

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Income tax Appellate Tribunal

ITAT: Accepts ‘other method’ for benchmarking equipment imports; Applies rule of consistency

Mar 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-99-ITAT-2024(CHNY)-TP
  • Tax Payer : RKM Powergen Private Limited
Income tax Appellate Tribunal

ITAT: Adjudicates TP-adjustment on outstanding receivables, upholds LIBOR-application

Mar 14, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-96-ITAT-2024(DEL)-TP
  • Tax Payer : Jubilant Pharmova Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s plea seeking inclusion of company; Cites unavailability of segmental results

Mar 14, 2024
  • In Favour of Revenue
  • Citation Number : TS-98-ITAT-2024(DEL)-TP
  • Tax Payer : CBRE South Asia (P) Ltd
Income tax Appellate Tribunal

ITAT: Rejects argument that clause providing interest on receivables "may accrue" doesn't bind assessee

Mar 14, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-97-ITAT-2024(DEL)-TP
  • Tax Payer : Concentrix Daksh Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts actual royalty received, deletes adjustment for notional amount; Applies consistency rule

Mar 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-95-ITAT-2024(Mum)-TP
  • Tax Payer : Asian Paints Ltd
High Court

HC: Upholds Tribunal’s ruling deleting TP-adjustments on royalty, technical service, commission, outstanding receivables

Mar 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-94-HC-2024(DEL)-TP
  • Tax Payer : COIM India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts payment of interest on ECB at LIBOR+275 bps, remits working capital adjustment

Mar 12, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-91-ITAT-2024(HYD)-TP
  • Tax Payer : Medtronic Engineering and Innovation Centre Private Limited
High Court

HC: Dismisses Revenue’s appeal against ITAT-order granting appropriate capacity utilization adjustment

Mar 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-92-HC-2024(BOM)-TP
  • Tax Payer : Radhashir Jewellery Co Pvt Ltd
High Court

HC: Upholds setting aside of TPO's rectification-order passed without affording hearing opportunity

Mar 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-93-HC-2024(DEL)-TP
  • Tax Payer : Humboldt Wedag India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of adjustment qua bullion purchase, considers database capturing market volatility

Mar 11, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-88-ITAT-2024(Mum)-TP
  • Tax Payer : Bank of Nova Scotia
Income tax Appellate Tribunal

ITAT: Holds letter of comfort as international transaction; Excludes Axis Integrated Systems

Mar 11, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-89-ITAT-2024(Mum)-TP
  • Tax Payer : Asian Paints Ltd
High Court

HC: Confirms deletion of royalty, technical services fees adjustments; Applies rule of consistency

Mar 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-90-HC-2024(DEL)-TP
  • Tax Payer : Woodward India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments w.r.t license fee payment & IT cost-allocation; Rules on comparables

Mar 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-86-ITAT-2024(Mum)-TP
  • Tax Payer : The Boston Consulting Group (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)'s deletion of TP-adjustment qua import of goods

Mar 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-87-ITAT-2024(Mum)-TP
  • Tax Payer : Best Seller Fashion India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes IGS adjustment in second round of litigation; Follows precedents

Mar 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-84-ITAT-2024(DEL)-TP
  • Tax Payer : Avery Dennison (India) Pvt Ltd
High Court

HC: Sets aside ITAT’s inconsistent observation on AMP-adjustment in case of Haier Appliances India; Remits matter

Mar 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-85-HC-2024(DEL)-TP
  • Tax Payer : Haier Appliances (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for admin support services qua inter-bank indemnities

Mar 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-82-ITAT-2024(Mum)-TP
  • Tax Payer : The Bank of Nova Scotia
Income tax Appellate Tribunal

ITAT: Tribunal order passed without cognizance of HC-decisions, allows MA, quashes assessment order

Mar 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-83-ITAT-2024(HYD)-TP
  • Tax Payer : Gameloft Software Private Limited
High Court

HC: Dismisses Revenue’s appeal against ITAT's exclusion of TCS E-serve as comparable

Mar 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-80-HC-2024(DEL)-TP
  • Tax Payer : Integreon India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds issuance of letters of comfort/support as international-transaction; Distinguishes from earlier order

Mar 06, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-81-ITAT-2024(Mum)-TP
  • Tax Payer : Asian Paints Ltd