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HC: AO not intimated about objections before DRP, sets aside final assessment order

Jul 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-421-HC-2025(BOM)-TP
  • Tax Payer : Saleri India Pvt Ltd

ITAT: Rules on comparables selection for non-core automotive component manufacturer

Jul 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-419-ITAT-2025(DEL)-TP
  • Tax Payer : Daido India Pvt. Ltd

ITAT: Holds SBI-PLR as appropriate rate of interest for CCDs; Relies on earlier order

Jul 24, 2025
  • In Favour of Revenue
  • Citation Number : TS-420-ITAT-2025(HYD)-TP
  • Tax Payer : Invesco (India) Private Limited

ITAT: Remits benchmarking of international transaction of commission & post support; Directs consideration of earlier order

Jul 23, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-410-ITAT-2025(COCH)-TP
  • Tax Payer : Network Systems & Technologies Pvt. Ltd

ITAT: Accepts assessee's Berry Ratio as PLI for distribution segment, deletes adjustment under manufacturing segment

Jul 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-415-ITAT-2025(DEL)-TP
  • Tax Payer : Samsung SDI India Pvt.Ltd

ITAT: No 'alternate adjustment' w.r.t SWD services, remits ALP-computation for staff augmentation services

Jul 23, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-417-ITAT-2025(PUN)-TP
  • Tax Payer : Spectraforce Technologies (India) Private Limited

ITAT: Excludes Tata Elxsi, Infosys etc citing functional dissimilarity; Applies LIBOR+200 bps for trade receivables

Jul 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-414-ITAT-2025(HYD)-TP
  • Tax Payer : IVY software Development Services Private Limited

ITAT: TPO erred in going merely by TPSR qua assessee's functional profile, remits adjustment

Jul 22, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-413-ITAT-2025(Bang)-TP
  • Tax Payer : Alpha Elsec Defence & Aerospace Systems Pvt Ltd

ITAT: Rejects recharacterization of expense reimbursement as business support services sans mark-up

Jul 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-411-ITAT-2025(DEL)-TP
  • Tax Payer : Eli Lilly & Company (India) Pvt. Ltd.

ITAT: Remits benchmarking international transaction of corporate guarantee; Follows earlier order

Jul 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-412-ITAT-2025(COCH)-TP
  • Tax Payer : Olam Food Ingredients India Pvt Ltd

ITAT: Affirms CIT(A)’s application of CUP for 4 export transactions and TNMM for others

Jul 21, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-407-ITAT-2025(DEL)-TP
  • Tax Payer : Gujarat Guardian Ltd

ITAT: TPO not justified in separately culling out salary cross charge for separate adjustment, deletes it

Jul 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-409-ITAT-2025(CHNY)-TP
  • Tax Payer : Sun Tec Business Solutions (P) Ltd

HC: Sets aside ITAT-order on comparables selection; Directs passing a reasoned order

Jul 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-408-HC-2025(DEL)-TP
  • Tax Payer : TPG Software Pvt Ltd

HC: Disposes of assessee’s petition, directs availing remedy before lower authorities

Jul 17, 2025
  • In Favour of Revenue
  • Citation Number : TS-405-HC-2025(DEL)-TP
  • Tax Payer : Idemia Syscom India Pvt Ltd

ITAT: Deletes adjustments qua AMP-expenses, reimbursement; Rules on comparables selection under RPM

Jul 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-406-ITAT-2025(Mum)-TP
  • Tax Payer : Thermo Fisher Scientific India Pvt Ltd

ITAT: Upholds CIT(A)’s order treating Phillips Foods India as tested party & adopting APA-margin

Jul 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-404-ITAT-2025(CHNY)-TP
  • Tax Payer : Phillips Foods India Pvt. Ltd

ITAT: Considers Amway India's case against AMP-adjustment basis earlier AYs, grants stay

Jul 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-403-ITAT-2025(DEL)-TP
  • Tax Payer : Amway India Enterprises Pvt Ltd

ITAT: Holds corporate guarantee as international transaction; Follows Everest Kanto, Redington

Jul 10, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-400-ITAT-2025(CHNY)-TP
  • Tax Payer : Ashok Leyland Ltd

ITAT: No separate adjustment warranted for outstanding receivables while working capital subsumed; Rules on comparables

Jul 10, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-401-ITAT-2025(DEL)-TP
  • Tax Payer : Aristocrat Technologies India Private Limited

ITAT: Directs rate of interest to be applied on ECB loans as prescribed by RBI

Jul 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2025(Bang)-TP
  • Tax Payer : Gleason Works (India) Pvt. Ltd