Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s deletion of AMP adjustment; Follows earlier order, Maruti Suzuki India

  • In Favour of Assessee
  • Citation Number : TS-312-ITAT-2024(DEL)-TP
  • Tax Payer : Wrigley India Private Limited
Income tax Appellate Tribunal

ITAT: Accepts CUP over TNMM for royalty-payment; Deletes TP-adjustments qua expense reimbursement

  • In Favour of Assessee
  • Citation Number : TS-313-ITAT-2024(DEL)-TP
  • Tax Payer : Benetton India Private Ltd
Income tax Appellate Tribunal

ITAT: Assessee acting on auditors' professional advice had reasonable basis for non-reporting SDTs, deletes penalty

  • In Favour of Assessee
  • Citation Number : TS-311-ITAT-2024(CHANDI)-TP
  • Tax Payer : Yamuna Power & Infrastructure Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment w.r.t non-Korean AEs, whether similar to MAP covered Korean-AE transactions

  • In Favour of Assessee
  • Citation Number : TS-308-ITAT-2024(CHNY)-TP
  • Tax Payer : Mando Automotive India Private Limited
Income tax Appellate Tribunal

ITAT: Holds final assessment orders as time-barred; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-309-ITAT-2024(HYD)-TP
  • Tax Payer : Rapiscan Systems In, US
Income tax Appellate Tribunal

ITAT: Determines corporate guarantee fee at 0.50%, interest on receivables at LIBOR+200 points

  • In Favour of Both, Partially
  • Citation Number : TS-310-ITAT-2024(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.
Income tax Appellate Tribunal

ITAT: Expenses incurred between the period of AE-agreement termination & closure of business not operating cost

  • In Favour of Assessee
  • Citation Number : TS-306-ITAT-2024(HYD)-TP
  • Tax Payer : Azingo Soft Systems India Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeals as assessments were quashed by earlier order

  • In Favour of Assessee
  • Citation Number : TS-307-ITAT-2024(HYD)-TP
  • Tax Payer : Vivimed Labs Limited
High Court

HC: Upholds ITAT-order deleting TP-addition qua IGS-payment & interest on receivables

  • In Favour of Assessee
  • Citation Number : TS-305-HC-2024(DEL)-TP
  • Tax Payer : A T Kearney Limited
Income tax Appellate Tribunal

ITAT: Holds RPM as MAM for assessee selling goods without value addition, rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-303-ITAT-2024(Mum)-TP
  • Tax Payer : Jushi India Fiberglass Private Limited
Income tax Appellate Tribunal

ITAT: Accepts interest @5.14% on loan taken by assessee, follows rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-304-ITAT-2024(HYD)-TP
  • Tax Payer : Progress Software Development Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment qua payment of guarantee fees; Applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-301-ITAT-2024(Ahd)-TP
  • Tax Payer : Bosch Rexroth (India) Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables failing turnover filter, remits 3 for verification in SWD segment

  • In Favour of Both, Partially
  • Citation Number : TS-302-ITAT-2024(Bang)-TP
  • Tax Payer : Ribbon Communications Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t share purchase, upholds US-assessee's DCF over NAV method

  • In Favour of Assessee
  • Citation Number : TS-300-ITAT-2024(Mum)-TP
  • Tax Payer : CapitalG International LLC
Income tax Appellate Tribunal

ITAT: Electronic products different from electrical ones, directs consideration of comparables dealing in former

  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2024(Mum)-TP
  • Tax Payer : Advance Power Display Systems Ltd
Income tax Appellate Tribunal

ITAT: Characterizes assessee as captive SWD-service provider; Excludes comparables citing high-turnover

  • In Favour of Assessee
  • Citation Number : TS-298-ITAT-2024(Bang)-TP
  • Tax Payer : Awave Semiconductor India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside TPO’s order and final assessment order as time-barred; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-299-ITAT-2024(Mum)-TP
  • Tax Payer : Capgemini Technology Services India Limited
Income tax Appellate Tribunal

ITAT: Strikes down AO’s order passed on non-existent company in amalgamation; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-293-ITAT-2024(HYD)-TP
  • Tax Payer : Erstwhile Amalgamating Company Sitapuram Power Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables basis functional dissimilarity, business segmentation

  • In Favour of Assessee
  • Citation Number : TS-295-ITAT-2024(CHNY)-TP
  • Tax Payer : Sangsin Brakes India Private Limited
Income tax Appellate Tribunal

ITAT: Directs grant of suitable volume & marketing cost adjustment for Deutsche Equities India

  • In Favour of Both, Partially
  • Citation Number : TS-296-ITAT-2024(Mum)-TP
  • Tax Payer : Deutsche Equities India Private Limited