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ITAT: Deletes 271(1) (c) penalty, TPO failed to prove ALP computation outside statutory provisions

Jun 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-364-ITAT-2025(Ahd)-TP
  • Tax Payer : Schaeffler India Limited

ITAT: Confirms deletion of disallowance u/s.40A(2)(b); Holds purchase price of material from related concerns inclusive of original price

Jun 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-361-ITAT-2025(Ahd)-TP
  • Tax Payer : N.K. Proteins Pvt. Ltd

ITAT: Deletes TP adjustment qua royalty received for technical knowhow; Follows earlier order

Jun 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-362-ITAT-2025(Mum)-TP
  • Tax Payer : Siemens Aktiengensellschaft

ITAT: Treats demurrage/detention charges as non-operating; Charges no interest on outstanding receivables

Jun 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-365-ITAT-2025(Ahd)-TP
  • Tax Payer : D S Trading Co

ITAT: Remits interest on delayed receivables; Directs comparing facts with Kusum Healthcare’s decision

Jun 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-363-ITAT-2025(DEL)-TP
  • Tax Payer : AON Consulting Pvt. Ltd

ITAT: Excludes comparables citing significant turnover and functional dissimilarity

Jun 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-360-ITAT-2025(CHNY)-TP
  • Tax Payer : Ravsoft Solutions Private Limited

ITAT: Recalls earlier-order, notes ‘crucial facts’ related to benchmarking of management support services not considered earlier

Jun 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-356-ITAT-2025(Bang)-TP
  • Tax Payer : Caterpillar Financial Services India Pvt Ltd

ITAT: Dismisses assessee’s appeal as withdrawn in light of settlement under VsVS

Jun 23, 2025
  • In Favour of None/NA
  • Citation Number : TS-354-ITAT-2025(CHNY)-TP
  • Tax Payer : Siemens Gamesa Renewable Energy Sociedad Anonima

ITAT: Directs AO to keep recovery of demand in abeyance till disposal of appeal or 180 days

Jun 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-355-ITAT-2025(Bang)-TP
  • Tax Payer : MatchMove India Private Limited

ITAT: Excludes 5 functionally-dissimilar comparables; Remits TP-adjustment qua interest on receivables

Jun 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-357-ITAT-2025(Bang)-TP
  • Tax Payer : Dynatrace India Software Operations Pvt. Ltd

ITAT: Rules on comparables selection and working capital adjustment; Follows precedents

Jun 23, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-358-ITAT-2025(CHNY)-TP
  • Tax Payer : Symantec Software and Services India Private Limited

ITAT: Holds forex loss as operating item; Grants adjustment for product development expenses

Jun 23, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-359-ITAT-2025(CHNY)-TP
  • Tax Payer : HSI Automotive Private Limited

ITAT: Upholds validity of assessment proceedings u/s.144C; Assessee 'eligible', not prejudiced by 'improper service'

Jun 20, 2025
  • In Favour of Revenue
  • Citation Number : TS-349-ITAT-2025(DEL)-TP
  • Tax Payer : Geopetrol International Inc

ITAT: Excludes comparables applying upper turnover filter of Rs.200 crores for software segment

Jun 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-351-ITAT-2025(Bang)-TP
  • Tax Payer : Atmecs Technologies Private Limited

ITAT: Restricts corporate guarantee commission at 0.50% instead of 1.82%

Jun 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-353-ITAT-2025(Kol)-TP
  • Tax Payer : Mcleod Russel India Limited

HC: Limitation u/s 144C(13) reckons from date DRP directions become visible to AO, not ITBA upload

Jun 20, 2025
  • In Favour of Revenue
  • Citation Number : TS-352-HC-2025(MAD)-TP
  • Tax Payer : Extreme Networks India Pvt Ltd

ITAT: Directs margin recomputation by adopting annual report; Restricts interest on loan to 9%

Jun 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-346-ITAT-2025(RAN)-TP
  • Tax Payer : Usha Martin Limited (Earlier known as Usha Beltron Limited)

ITAT: Accepts foreign AE as tested party; Rejects persistent loss-making & employee cost filters

Jun 18, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-347-ITAT-2025(CHNY)-TP
  • Tax Payer : OrangeScape Technologies Private Limited

ITAT: Precondition of existence of 'arrangement' unfulfilled, proviso to Sec.80IA(10) not applicable

Jun 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-348-ITAT-2025(Mum)-TP
  • Tax Payer : KBS Creations

ITAT: Remits ALP determination of management fee charges; Directs DRP to adjudicate afresh

Jun 17, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-343-ITAT-2025(Bang)-TP
  • Tax Payer : WeWork India Management P Ltd