Rulings ( 11942 results )

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Income tax Appellate Tribunal

ITAT: Deletes TP adjustment qua outstanding trade receivables for debt free assessee-company

  • In Favour of Both, Partially
  • Citation Number : TS-303-ITAT-2025(CHNY)-TP
  • Tax Payer : Stanadyne India Private Limited
Income tax Appellate Tribunal

ITAT: Grants stay of demand for 180 days; Considers two assessment orders being passed for same AY

  • In Favour of Assessee
  • Citation Number : TS-301-ITAT-2025(DEL)-TP
  • Tax Payer : OutSystems Singapore Pte. Ltd
Income tax Appellate Tribunal

ITAT: Applies 0.5% as commission fee for Stand-by Letter of Credit

  • In Favour of Assessee
  • Citation Number : TS-300-ITAT-2025(DEL)-TP
  • Tax Payer : Lava International Limited
Income tax Appellate Tribunal

ITAT: Excludes prior period expenditure for PLI computation; Excludes comparables citing high turnover

  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2025(CHNY)-TP
  • Tax Payer : Information Evolution India Pvt. Ltd
High Court

HC: Disposes of assessee’s writ considering modified returns in APA

  • In Favour of Assessee
  • Citation Number : TS-299-HC-2025(DEL)-TP
  • Tax Payer : Corteva Agriscience Services India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables selection in ITeS; Treats forex gain/loss as operating income

  • In Favour of Both, Partially
  • Citation Number : TS-296-ITAT-2025(PUN)-TP
  • Tax Payer : Vodafone Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment made w.r.t processing fees received on guarantee; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-295-ITAT-2025(Mum)-TP
  • Tax Payer : Australia and New Zealand Banking Group Ltd
Income tax Appellate Tribunal

ITAT: Rules functional attribute as primary factor while undertaking comparability analysis under RPM

  • In Favour of Assessee
  • Citation Number : TS-298-ITAT-2025(Mum)-TP
  • Tax Payer : Troy Chemicals India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Accepts PLR over LIBOR for benchmarking FCCDs; Follows SB ruling

  • In Favour of Assessee
  • Citation Number : TS-293-ITAT-2025(HYD)-TP
  • Tax Payer : Hyderabad Infratech Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s orders deleting penalty u/s 271G and 271AA

  • In Favour of Assessee
  • Citation Number : TS-294-ITAT-2025(PUN)-TP
  • Tax Payer : ELICA PB Whirlpool Kitchen Appliances Private Limited
Income tax Appellate Tribunal

ITAT: Rules on AMP-adjustment, interest on loan/receivables, comparables selection etc for confectionery manufacturer

  • In Favour of Both, Partially
  • Citation Number : TS-290-ITAT-2025(DEL)-TP
  • Tax Payer : Wrigley India Private Limited
Income tax Appellate Tribunal

ITAT: Admits additional ground, quashes final assessment order barred by limitation u/s.144C(13)

  • In Favour of Assessee
  • Citation Number : TS-292-ITAT-2025(DEL)-TP
  • Tax Payer : L S Cable India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules suo-moto invocation of Rule-10TA by TPO invalid as not exercised by assessee

  • In Favour of Assessee
  • Citation Number : TS-291-ITAT-2025(PUN)-TP
  • Tax Payer : Volkswagen Group Technology Solutions India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes 10 comparables having different fundamental nature of business and products

  • In Favour of Assessee
  • Citation Number : TS-287-ITAT-2025(DEL)-TP
  • Tax Payer : Louis Vuitton India Retail P Ltd
Income tax Appellate Tribunal

ITAT: Deletes disallowance of foreign travel expenses reimbursed by AE; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-288-ITAT-2025(CHANDI)-TP
  • Tax Payer : Fidelity Information Services India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows mark-up on receipt of service following earlier order, restores book-profit computation

  • In Favour of Both, Partially
  • Citation Number : TS-289-ITAT-2025(DEL)-TP
  • Tax Payer : Imsofer Manufacturing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment w.r.t receipt of supervision services, assessee established sufficient business reason

  • In Favour of Assessee
  • Citation Number : TS-285-ITAT-2025(DEL)-TP
  • Tax Payer : North Delhi Metro Mall Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua reimbursement of expenses; Expenditure not incurred for brand building of AE

  • In Favour of Assessee
  • Citation Number : TS-284-ITAT-2025(CHANDI)-TP
  • Tax Payer : Punjab Chemicals & Crop Protection Ltd
Income tax Appellate Tribunal

ITAT: Remits the issue of benchmarking of export of spare parts and global sourcing

  • In Favour of Both, Partially
  • Citation Number : TS-286-ITAT-2025(PUN)-TP
  • Tax Payer : Piaggio Vehicles Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables’ selection, working capital adjustment and interest on receivables

  • In Favour of Assessee
  • Citation Number : TS-283-ITAT-2025(Bang)-TP
  • Tax Payer : Connectwise India Pvt Ltd