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ITAT: Holds TPO erred in considering depreciation as part of assessee's operating cost but not comparables

Sep 17, 2026
  • In Favour of Assessee
  • Citation Number : TS-733-ITAT-2026(Kol)-TP
  • Tax Payer : Manaksia Steels Ltd

ITAT: Deletes TP adjustment made on account of purchase of raw material through AE

Sep 17, 2026
  • In Favour of Assessee
  • Citation Number : TS-729-ITAT-2026(Kol)-TP
  • Tax Payer : Solex Chemicals Private Limited

ITAT: Remits adjustment qua interest on receivables; Directs AO to verify if assessee is debt-free

Sep 17, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-734-ITAT-2026(HYD)-TP
  • Tax Payer : Encora Software India Private Limited

ITAT: Restores TP-adjustments w.r.t SWD segment, interest on receivables; Notes assessee's TPSR rejected on incorrect grounds

Sep 16, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-728-ITAT-2026(Bang)-TP
  • Tax Payer : G2.COM INDIA PRIVATE LIMITED

ITAT: Mere delay in realization of receivables, without demonstrating impact on profitability cannot justify adjustment

Sep 16, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-722-ITAT-2026(Bang)-TP
  • Tax Payer : ESI SOFTWARE (INDIA) PRIVATE LIMITED

ITAT: Directs TPO to consider PBDIT as most appropriate PLI; Allows working capital adjusmtent

Sep 16, 2026
  • In Favour of Assessee
  • Citation Number : TS-732-ITAT-2026(PUN)-TP
  • Tax Payer : Nipro India Corporation Pvt Ltd

ITAT: Deprecates CIT(A)’s order passed without affording hearing opportunity to Pricewaterhouse Coopers

Sep 16, 2026
  • In Favour of Assessee
  • Citation Number : TS-731-ITAT-2026-TP
  • Tax Payer : Pricewaterhouse Coopers Private Limited

ITAT: Accepts assessee's RPM over TPO's TNMM for benchmarking import transaction for routine-distributor assessee

Sep 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-721-ITAT-2026(CHNY)-TP
  • Tax Payer : ACE ANTENNA INDIA PRIVATE LIMITED

ITAT: Rejects TPO's view that tolerance-band benefit applies only qua arithmetic mean of multiple prices/comparables

Sep 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-720-ITAT-2026(CHNY)-TP
  • Tax Payer : TVS Motor Company Ltd

ITAT: Excludes comparables on account having high turnover, inconsistencies in the financial statements, etc

Sep 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-725-ITAT-2026(Bang)-TP
  • Tax Payer : QUOTIENT TECHNOLOGY INDIA PRIVATE LIMITED

ITAT: Excludes comparables failing employee cost filter, having unaudited financial statements, etc

Sep 15, 2026
  • In Favour of Assessee
  • Citation Number : TS-724-ITAT-2026(DEL)-TP
  • Tax Payer : Sepco1 Engineering (India) Private Limited

ITAT: Remits TP adjustment issue to be decided in line with lower authorities' order passed for subsequent AY

Sep 11, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-712-ITAT-2026(DEL)-TP
  • Tax Payer : Honda R & D (India) Private Limited

ITAT: Rejects 50% turnover filter to exclude lower-turnover companies as comparables

Sep 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-719-ITAT-2026(DEL)-TP
  • Tax Payer : GE India Industrial Pvt. Ltd.

ITAT: Deletes adhoc adjustment made qua fees received for technical assistance/royalty; Follows earlier order

Sep 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-718-ITAT-2026(Mum)-TP
  • Tax Payer : Siemens Aktiengesellschaft

ITAT: Admits additional ground; Quashes assessment framed against Genpact Infrastructure, name of non-existent entity

Sep 11, 2026
  • In Favour of Assessee
  • Citation Number : TS-717-ITAT-2026(DEL)-TP
  • Tax Payer : Genpact Infrastructure (Hyderabad) Private Limited [Now merged with Genpact India]

ITAT: Excludes comparables failing high turnover filter; Follows precedents

Sep 10, 2026
  • In Favour of Assessee
  • Citation Number : TS-711-ITAT-2026(Bang)-TP
  • Tax Payer : Hotel Hub LLP

ITAT: SBI PLR/Base Rate-linked rates relevant for ALP determination, rejects characterization of CCD as equity

Sep 10, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-713-ITAT-2026(Mum)-TP
  • Tax Payer : KAIROS PROPERTIES PVT. LTD

ITAT: Deletes adjustment qua interest on NCDs, rejects TPO’s adhoc 'minimum ten-year tenure' filter

Sep 10, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-714-ITAT-2026(Mum)-TP
  • Tax Payer : LOMA CO-DEVELOPERS 1 PVT. LTD

ITAT: Restricts arm’s length rate of guarantee commission to 0.60%; Follows precedents

Sep 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-710-ITAT-2026(Mum)-TP
  • Tax Payer : KEC International Ltd

ITAT: Cannot disturb reasonably possible view qua comparables merely because another view conceivable

Sep 08, 2026
  • In Favour of Assessee
  • Citation Number : TS-709-ITAT-2026(CHNY)-TP
  • Tax Payer : Kaar Technologies India Private Limited