Rulings ( 11937 results )

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Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s deletion of LTCL on redemption of NCCPs; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-245-ITAT-2026(Mum)-TP
  • Tax Payer : Reliance Industries Limited
Income tax Appellate Tribunal

ITAT: Restores TP-adjustment w.r.t interest on ECBs; Considers change of lender, floating vs. fixed rate, etc.

  • In Favour of Both, Partially
  • Citation Number : TS-247-ITAT-2026(Bang)-TP
  • Tax Payer : Goldman Sachs Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal; Upholds CIT(A)’s decision w.r.t comparables selection

  • In Favour of Assessee
  • Citation Number : TS-240-ITAT-2026(Mum)-TP
  • Tax Payer : BP India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Directs 20% be adjusted out of the refund due, grants stay on recovery of balance outstanding demand

  • In Favour of Both, Partially
  • Citation Number : TS-242-ITAT-2026(Mum)-TP
  • Tax Payer : Millward Brown Market Research Services India Private Limited
Income tax Appellate Tribunal

ITAT: Grants conditional stay to assessee subject to payment of 20% of demand

  • In Favour of Assessee
  • Citation Number : TS-243-ITAT-2026(DEL)-TP
  • Tax Payer : Neo Tangent India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes interest levied u/s. 234B and 234C; Follows Colt Technology

  • In Favour of Assessee
  • Citation Number : TS-241-ITAT-2026(DEL)-TP
  • Tax Payer : Ericsson India Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Adjudicates comparables selection, working capital adjustment, interest on receivables

  • In Favour of Both, Partially
  • Citation Number : TS-238-ITAT-2026(Bang)-TP
  • Tax Payer : Hitachi Energy Technology Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of addition qua preference-shares investment; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-237-ITAT-2026(Mum)-TP
  • Tax Payer : Aegis Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t corporate guarantee commission, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-236-ITAT-2026(Mum)-TP
  • Tax Payer : FirstRand Bank Limited
Income tax Appellate Tribunal

ITAT: Performance guarantee linked to SWD/licensing business; No separate benchmarking as financial guarantee required

  • In Favour of Both, Partially
  • Citation Number : TS-235-ITAT-2026(CHNY)-TP
  • Tax Payer : Ramco Systems Ltd
High Court

HC: Quashes assessment order passed on non-existent entity, holds Revenue accountable for ITBA portal’s glitches

  • In Favour of Assessee
  • Citation Number : TS-234-HC-2026(DEL)-TP
  • Tax Payer : Boeing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee's appeal as withdrawn considering issues resolved under India-Singapore MAP

  • In Favour of None/NA
  • Citation Number : TS-233-ITAT-2026(CHNY)-TP
  • Tax Payer : Redington Distribution Pte Ltd
Income tax Appellate Tribunal

ITAT: Allows Revenue’s MAs; Recalls order for adjudicating comparables selection issue

  • In Favour of Revenue
  • Citation Number : TS-232-ITAT-2026(Bang)-TP
  • Tax Payer : Brocade Communication Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s MA against Tribunal-order w.r.t AMP adjustment, corporate guarantee

  • In Favour of Assessee
  • Citation Number : TS-229-ITAT-2026(CHNY)-TP
  • Tax Payer : TVS Motor Company Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s deletion of adjustment qua royalty payment; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-231-ITAT-2026(DEL)-TP
  • Tax Payer : JNS Instruments Ltd
High Court

HC: Quashes penalty levied u/s. 270A, AO unaware of ITAT’s order deleting quantum addition

  • In Favour of Assessee
  • Citation Number : TS-230-HC-2026(BOM)-TP
  • Tax Payer : Strada India Private Limited
Income tax Appellate Tribunal

ITAT: No separate adjustment qua royalty/expenses permissible once combined approach qua logistics services accepted

  • In Favour of Assessee
  • Citation Number : TS-228-ITAT-2026(DEL)-TP
  • Tax Payer : Expeditors International (India) Pvt Ltd
High Court

HC: Allows United Spirit’s writ, directs refund; Revenue precluded from passing order post Tribunal-remand

  • In Favour of Assessee
  • Citation Number : TS-223-HC-2026(KAR)-TP
  • Tax Payer : United Spirits Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables having huge turnover for SWD-service provider, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-222-ITAT-2026(Bang)-TP
  • Tax Payer : Ariba Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar company; DRP wrongly refers to website of another company

  • In Favour of Assessee
  • Citation Number : TS-224-ITAT-2026(DEL)-TP
  • Tax Payer : Fujikawa Power