Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Admits additional ground, restricts TP-adjustment to international transactions only

  • In Favour of Assessee
  • Citation Number : TS-416-ITAT-2024(Mum)-TP
  • Tax Payer : Deutsche Networks Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t interest on receivables, TPO did not show how AEs benefitted

  • In Favour of Assessee
  • Citation Number : TS-415-ITAT-2024(CHNY)-TP
  • Tax Payer : Sanmina-SCI India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes SDT adjustment owing to Finance Act 2017 amendment to Sec.92BA

  • In Favour of Assessee
  • Citation Number : TS-413-ITAT-2024(Ahd)-TP
  • Tax Payer : Asiatic Colour Chem Ind Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT-order deleting penalty u/s. 271(1)(c)

  • In Favour of Assessee
  • Citation Number : TS-414-HC-2024(DEL)-TP
  • Tax Payer : Yum Restaurant Marketing Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal challenging quashing of Sec.263-order for Dell International

  • In Favour of Assessee
  • Citation Number : TS-412-HC-2024(KAR)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT: Adopts LIBOR+200 points as interest on receivables; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-410-ITAT-2024(HYD)-TP
  • Tax Payer : ADP Private Limited
Income tax Appellate Tribunal

ITAT: Partly allows assessee's MPs w.r.t comparables and interest on receivables

  • In Favour of Both, Partially
  • Citation Number : TS-411-ITAT-2024(Bang)-TP
  • Tax Payer : AMD India Private Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates TP-adjustments w.r.t technical & regional support services, interest on receivables

  • In Favour of Assessee
  • Citation Number : TS-408-ITAT-2024(HYD)-TP
  • Tax Payer : KH Facility Solutions India Private Limited
Income tax Appellate Tribunal

ITAT: Allows Assessee’s miscellaneous petition, remits comparables & treatment of expenses

  • In Favour of Assessee
  • Citation Number : TS-409-ITAT-2024(Bang)-TP
  • Tax Payer : Toyota Tsusho India Pvt. Ltd
High Court

HC: Stays assessment order & demand/penalty proceedings for PayPal, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-407-HC-2024(BOM)-TP
  • Tax Payer : PayPal Payments Private Limited
Income tax Appellate Tribunal

ITAT: Grants stay to Volvo Group India, notes 90% of total demand paid

  • In Favour of Assessee
  • Citation Number : TS-406-ITAT-2024(Bang)-TP
  • Tax Payer : Volvo Group India Pvt. Ltd. [formerly Volvo India Pvt. Ltd.]
Income tax Appellate Tribunal

ITAT: Holds TPO-order as time barred by 1 day resulting in Assessee being ‘ineligible’; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-401-ITAT-2024(Mum)-TP
  • Tax Payer : Thermo Fisher Scientific India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal, refrains to interfere with ITAT’s view on IGS

  • In Favour of Assessee
  • Citation Number : TS-405-HC-2024(DEL)-TP
  • Tax Payer : Avery Dennison (India) P Ltd
Supreme Court

SC: Dismisses Revenue’s SLP against HC-order quashing TPO’s Sec.271G-penalty imposition in case of Ericsson India

  • In Favour of Assessee
  • Citation Number : TS-404-SC-2024-TP
  • Tax Payer : Ericsson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds assessment-order unsustainable as being time-barred; Follows NDTV HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-402-ITAT-2024(Bang)-TP
  • Tax Payer : IHS Global Private Limited
High Court

HC: Dismisses Revenue’s appeal against comparables-selection in case of ST MicroElectronics

  • In Favour of Assessee
  • Citation Number : TS-403-HC-2024(DEL)-TP
  • Tax Payer : ST Micro Electronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order as TPO/DRP’s directions not complied with

  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2024(DEL)-TP
  • Tax Payer : Comparex India P Ltd
Income tax Appellate Tribunal

ITAT: Rules on adjustments qua manufacturing/trading segments, disallowing payment to headquarters impermissible

  • In Favour of Both, Partially
  • Citation Number : TS-400-ITAT-2024(Bang)-TP
  • Tax Payer : Emersion Automation Solutios Intelligent Platforms Private Limited
Income tax Appellate Tribunal

ITAT: Draft assessment order being passed without personal hearing not prejudicial to assessee

  • In Favour of Both, Partially
  • Citation Number : TS-398-ITAT-2024(DEL)-TP
  • Tax Payer : Ebro India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay of demand to Nestle India, notes recurring TP-dispute qua royalty

  • In Favour of Both, Partially
  • Citation Number : TS-395-ITAT-2024(DEL)-TP
  • Tax Payer : Nestle India Ltd