Rulings ( 11942 results )

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Income tax Appellate Tribunal

ITAT: Treats export incentives, cash discount as operating income; Rules on comparables selection

  • In Favour of Assessee
  • Citation Number : TS-457-ITAT-2025(CHNY)-TP
  • Tax Payer : ZF Rane Automotive India Private Limited
Income tax Appellate Tribunal

ITAT: Holds Internal CUP & internal TNMM as MAM for benchmarking garment sale

  • In Favour of Assessee
  • Citation Number : TS-459-ITAT-2025(CHNY)-TP
  • Tax Payer : Ambattur Clothing Ltd
Supreme Court

SC: 50 Key Excerpts from SC's split verdict in Shelf Drilling controversy

  • In Favour of Both, Partially
  • Citation Number : TS-460-SC-2025-TP
  • Tax Payer : Shelf Drilling Ron Tappmeyer Limited
Supreme Court

SC: 50 Key Excerpts from SC's split verdict in Shelf Drilling controversy

  • In Favour of Assessee
  • Citation Number : TS-456-SC-2025-TP
  • Tax Payer : Shelf Drilling Ron Tappmeyer Limited
Income tax Appellate Tribunal

ITAT: Draft order not amenable to revision; Cannot invoke Sec.263 if assessment is void

  • In Favour of Assessee
  • Citation Number : TS-454-ITAT-2025(Mum)-TP
  • Tax Payer : Alok Infrastructure Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of adjustment made by invoking Sec.92BA(i) after omission by Finance Act, 2017

  • In Favour of Assessee
  • Citation Number : TS-445-ITAT-2025(RAI)-TP
  • Tax Payer : C. G. Ispat Private Limited
Income tax Appellate Tribunal

ITAT: Impairment provision only accounting entry, includes comparable for FedEx India

  • In Favour of Assessee
  • Citation Number : TS-453-ITAT-2025(Mum)-TP
  • Tax Payer : FedEx Express Transportation and Supply Chain Services India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP adjustment qua delayed receipt of receivables; Directs consideration of Kusum Healthcare ruling

  • In Favour of Both, Partially
  • Citation Number : TS-455-ITAT-2025(DEL)-TP
  • Tax Payer : Corteva Agriscience Seeds Private Limited (Formerly known as PHI Seeds Private Limited
Income tax Appellate Tribunal

ITAT: Deletes adjustment qua interest on outstanding receivables; Applies 1% rate for guarantee commission

  • In Favour of Assessee
  • Citation Number : TS-452-ITAT-2025(DEL)-TP
  • Tax Payer : Kohinoor Food Ltd.
Income tax Appellate Tribunal

ITAT: Sets aside final assessment order as not passed within time limit u/s. 144C

  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2025(Bang)-TP
  • Tax Payer : Goldman Sachs Service Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects CUP as MAM for benchmarking export transaction and royalty payment; Deletes adjustments

  • In Favour of Assessee
  • Citation Number : TS-449-ITAT-2025(Mum)-TP
  • Tax Payer : Firmenich Aromatics (India) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds TPO’s findings as DRP’s directions were substantially followed

  • In Favour of Revenue
  • Citation Number : TS-451-ITAT-2025(Kol)-TP
  • Tax Payer : Danieli India Limited
Income tax Appellate Tribunal

ITAT: TPO's notional interest not taxable under India-Germany DTAA Article-11 as 'interest paid'

  • In Favour of Assessee
  • Citation Number : TS-444-ITAT-2025(Mum)-TP
  • Tax Payer : Volkswagen Aktiengesellschaft
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal as withdrawn in light of settlement under DTVSVS

  • In Favour of None/NA
  • Citation Number : TS-443-ITAT-2025(Mum)-TP
  • Tax Payer : Dow Chemical International Private Limited
Income tax Appellate Tribunal

ITAT: Adjudicates TP-adjustments qua investment advisory & support services, ITeS for Goldman Sachs

  • In Favour of Both, Partially
  • Citation Number : TS-448-ITAT-2025(Mum)-TP
  • Tax Payer : Goldman Sachs (India) Securities P. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment made for reimbursement of expenses, issue being similar as in preceding years

  • In Favour of Assessee
  • Citation Number : TS-446-ITAT-2025(Mum)-TP
  • Tax Payer : DSV Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules income from scrap sales as operating, linked to assessee’s main manufacturing activity

  • In Favour of Assessee
  • Citation Number : TS-447-ITAT-2025(CHNY)-TP
  • Tax Payer : ZF Wind Power Coimbatore Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows 80-IA deduction; FAR analysis irrelevant for CUP method but specifies exceptions

  • In Favour of Both, Partially
  • Citation Number : TS-441-ITAT-2025(Mum)-TP
  • Tax Payer : Laxmi Organic Industries Limited
Income tax Appellate Tribunal

ITAT: AO cannot extend limitation u/s.144(13) citing DRP’s rectification u/s.154, quashes final assessment order

  • In Favour of Assessee
  • Citation Number : TS-442-ITAT-2025(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd
Income tax Appellate Tribunal

ITAT: Remits TP addition qua interest on outstanding receivables; Directs TPO to examine amounts, credits given to AEs

  • In Favour of Assessee
  • Citation Number : TS-440-ITAT-2025(DEL)-TP
  • Tax Payer : Acme Cleantech Solutions Pvt. Ltd