Rulings ( 11908 results )
Income tax Appellate Tribunal
ITAT: Grants stay to Xiaomi Technology on outstanding demand for 180 days
- In Favour of Assessee
- Citation Number : TS-436-ITAT-2024(Bang)-TP
- Tax Payer : Xiaomi Technology India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Confirms TPO's 1% guarantee-commission, rejects assessee's plea for restricting adjustment to 0.5%
- In Favour of Assessee
- Citation Number : TS-435-ITAT-2024(Bang)-TP
- Tax Payer : DTDC Express Ltd
Income tax Appellate Tribunal
ITAT: Deletes interest on share-application money, delay in allotment not assessee's fault
- In Favour of Assessee
- Citation Number : TS-433-ITAT-2024(Mum)-TP
- Tax Payer : Aries Agro Ltd
Income tax Appellate Tribunal
ITAT: Holds turnover as relevant criteria for comparable-selection; Accepts interest on receivables @LIBOR+200
- In Favour of Both, Partially
- Citation Number : TS-434-ITAT-2024(HYD)-TP
- Tax Payer : OSI Systems Pvt Ltd
Income tax Appellate Tribunal
ITAT: Finds CIT(A)'s observations qua TP-issues unnecessary, allows management fee deduction u/s.37
- In Favour of Assessee
- Citation Number : TS-431-ITAT-2024(CHNY)-TP
- Tax Payer : SPi Technologies India Private Ltd
Income tax Appellate Tribunal
ITAT: Restricts corporate guarantee fee to 0.5%; Follows catena of rulings
- In Favour of Assessee
- Citation Number : TS-432-ITAT-2024(Mum)-TP
- Tax Payer : Tata Projects Limited
Income tax Appellate Tribunal
ITAT: Revenue cannot seek extended-limitation benefit u/s.153(4) once HC quashes TPO-reference
- In Favour of Assessee
- Citation Number : TS-430-ITAT-2024(Mum)-TP
- Tax Payer : HDFC Bank Ltd
Income tax Appellate Tribunal
ITAT: Quashes PCIT's revisionary order being passed without valid jurisdiction, considers amended Sec.263
- In Favour of Assessee
- Citation Number : TS-429-ITAT-2024(CHNY)-TP
- Tax Payer : Philips Foods India Private Limited
Income tax Appellate Tribunal
ITAT: Directs AO to apply LIBOR+200 points for benchmarking interest on receivables; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-427-ITAT-2024(HYD)-TP
- Tax Payer : ADP Private Limited
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua interest on receivables, notes assessee's margin higher than comparables
- In Favour of Both, Partially
- Citation Number : TS-428-ITAT-2024(DEL)-TP
- Tax Payer : GKN Driveline India Ltd
Income tax Appellate Tribunal
ITAT: Assessee cannot argue non-existence of amalgamating entity whose PAN continued for litigation-purposes
- In Favour of Both, Partially
- Citation Number : TS-426-ITAT-2024(HYD)-TP
- Tax Payer : Microchip Technology (India) Pvt Ltd
High Court
HC: One month timeline a red line for AO, notwithstanding assessee's DRP objection delay
- In Favour of Assessee
- Citation Number : TS-425-HC-2024(DEL)-TP
- Tax Payer : MAVENIR UK HOLDINGS
Income tax Appellate Tribunal
ITAT: Dismisses Revenue’s appeal against CIT(A) deleting TP-addition for purchase of Tendu leaves
- In Favour of Assessee
- Citation Number : TS-423-ITAT-2024(Ahd)-TP
- Tax Payer : Chhotabhai Jethabhai Patel & Co
Income tax Appellate Tribunal
ITAT: Finds CIT(A)-order deleting TP adjustment qua payment of export commission as well reasoned
- In Favour of Assessee
- Citation Number : TS-424-ITAT-2024(DEL)-TP
- Tax Payer : Kamla Dials and Devices Ltd
Income tax Appellate Tribunal
ITAT: Deletes 271G-penalty for Twentieth Century Fox; No finding w.r.t inaccuracy of information
- In Favour of Assessee
- Citation Number : TS-422-ITAT-2024(Mum)-TP
- Tax Payer : Twentieth Century Fox Telecommunications International Inc
High Court
HC: Quashes final assessment order passed despite pendency of rectification application before DRP
- In Favour of Assessee
- Citation Number : TS-421-HC-2024(KAR)-TP
- Tax Payer : Mavenir Systems Pvt Ltd
High Court
HC: Dismisses Revenue’s appeal on exclusion of Infosys and TCS as comparables
- In Favour of Assessee
- Citation Number : TS-419-HC-2024(DEL)-TP
- Tax Payer : E-Valueserve SEZ (Gurgaon) P Ltd
High Court
HC: Affirms ITAT-order, channel/content owner companies incomparable to assessee's distribution segment
- In Favour of Assessee
- Citation Number : TS-420-HC-2024(DEL)-TP
- Tax Payer : Warnermedia India Private Limited
Income tax Appellate Tribunal
ITAT: Confirms deletion of TP-adjustment qua interest on loan and corporate guarantee
- In Favour of Assessee
- Citation Number : TS-417-ITAT-2024(DEL)-TP
- Tax Payer : Jindal Pipes Ltd
Income tax Appellate Tribunal
ITAT: Remits final assessment order, directs AO to incorporate DRP's direction
- In Favour of Assessee
- Citation Number : TS-418-ITAT-2024(DEL)-TP
- Tax Payer : Honda R & D (India) Pvt Ltd