Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Rejects NIL ALP for consulting charges basis evidence; Rules on guarantee, IGS

  • In Favour of Both, Partially
  • Citation Number : TS-756-ITAT-2023(Ahd)-TP
  • Tax Payer : Bosch Rexroth India Ltd
Income tax Appellate Tribunal

ITAT: Dismisses TP grounds settled by APA agreements as not pressed

  • In Favour of None/NA
  • Citation Number : TS-289-ITAT-2024(Bang)-TP
  • Tax Payer : Goldman Sachs Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment made in respect of corporate guarantee; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-290-ITAT-2024(Mum)-TP
  • Tax Payer : Afcons Infrastructure Ltd
Income tax Appellate Tribunal

ITAT: Negatives TPO's reliance on US/European loan data for benchmarking interest charged to Bahrain-AE

  • In Favour of Assessee
  • Citation Number : TS-292-ITAT-2024(Ahd)-TP
  • Tax Payer : Elitecore Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds AE as tested party, notes TPO wrongly applied Forex Filter

  • In Favour of Assessee
  • Citation Number : TS-291-ITAT-2024(VIZ)-TP
  • Tax Payer : Fysolate Technologies
Income tax Appellate Tribunal

ITAT: S.144C(1) amendment effective from 01.10.2009; Quashes final order passed sans draft order

  • In Favour of Assessee
  • Citation Number : TS-287-ITAT-2024(DEL)-TP
  • Tax Payer : ADM Agro Industries Kota & Akola P. Ltd
Income tax Appellate Tribunal

ITAT: Grants Xiaomi stay on demand of Rs.1995Cr & Rs.1736Cr; Rejects 'blanket stay' plea

  • In Favour of Both, Partially
  • Citation Number : TS-288-ITAT-2024(Bang)-TP
  • Tax Payer : Xiaomi Technology India Pvt. Ltd
High Court

HC: Limitation period u/s.263(2) applies to matter remanded to TPO, instead of 263(3)

  • In Favour of Assessee
  • Citation Number : TS-286-HC-2024(KAR)-TP
  • Tax Payer : Quest Global Engineering Services Pvt Ltd
High Court

HC: Quashes Sec.148 notice, notes mere material compliance with formalities of giving reasons for escapement

  • In Favour of Assessee
  • Citation Number : TS-285-HC-2024(GUJ)-TP
  • Tax Payer : Shell Gas BV
Income tax Appellate Tribunal

ITAT: Remits benchmarking AE-receivables citing failure to comply with DRP-direction of netting-off receivables

  • In Favour of Assessee
  • Citation Number : TS-284-ITAT-2024(DEL)-TP
  • Tax Payer : Stryker India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes downward adjustment qua management service charges; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-282-ITAT-2024(CHNY)-TP
  • Tax Payer : AVO Carbon India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to follow earlier order while recomputing shared-services / IGS adjustment

  • In Favour of Assessee
  • Citation Number : TS-283-ITAT-2024(CHNY)-TP
  • Tax Payer : Cook India Medical Devices Private Limited
High Court

HC: Samsung India not 'contract manufacturer', royalty payment to Korean parent not profit-shifting

  • In Favour of Assessee
  • Citation Number : TS-281-HC-2024(DEL)-TP
  • Tax Payer : Samsung India Electronics Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Refuses to interfere with CIT(A)’s finding on TP-adjustment qua outstanding receivables

  • In Favour of Assessee
  • Citation Number : TS-279-ITAT-2024(DEL)-TP
  • Tax Payer : Knowledge Infrastructure Systems Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Directs charging interest on loan @LIBOR+300 points, corporate guarantee commission @0.5%

  • In Favour of Assessee
  • Citation Number : TS-280-ITAT-2024(DEL)-TP
  • Tax Payer : Maharashtra Seamless Ltd
Income tax Appellate Tribunal

ITAT: Statute defines no limitation for passing draft assessment order, upholds validity thereof

  • In Favour of Both, Partially
  • Citation Number : TS-278-ITAT-2024(Bang)-TP
  • Tax Payer : InMobi Technology Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: TPO-order, final assessment order barred by limitation; Confirms deletion of TP-adjustment, Sec.14A disallowance

  • In Favour of Assessee
  • Citation Number : TS-275-ITAT-2024(Mum)-TP
  • Tax Payer : Gupshup Technology India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO's artificial bifurcation into saleable/non-saleable units, allows Sec.80IA relief

  • In Favour of Assessee
  • Citation Number : TS-277-ITAT-2024(CHNY)-TP
  • Tax Payer : The Ramco Cements Limited
Supreme Court

SC: Dismisses Revenue’s SLP citing inordinate delay; Expresses no opinion on AMP issue

  • In Favour of Assessee
  • Citation Number : TS-276-SC-2024-TP
  • Tax Payer : Xerox India Ltd
Income tax Appellate Tribunal

ITAT: Remits benchmarking AE-interest to determine appropriate rate based on LIBOR/SBI PLR

  • In Favour of Both, Partially
  • Citation Number : TS-273-ITAT-2024(HYD)-TP
  • Tax Payer : TEK Systems Global Services (P) Ltd