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ITAT: Remits ALP adjustment qua delayed realization of export receivables; Applies rule of consistency

Nov 04, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-648-ITAT-2025(Mum)-TP
  • Tax Payer : S Vinodkumar Diamonds Pvt Ltd

ITAT: Quashes final assessment order for non-compliance with DRP Directions; Holds order violates Sec.144C(13)

Nov 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2025(CHNY)-TP
  • Tax Payer : Smartek21 Private Limited

ITAT: Restores adjustments w.r.t ITES / manufacturing segments and management charges; Follows earlier order

Nov 04, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-650-ITAT-2025(Ahd)-TP
  • Tax Payer : BUNDY INDIA LIMITED

ITAT: Upholds validity of TPO-reference, rules on treatment of ESOP expense, functional classification, etc

Nov 03, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-641-ITAT-2025(Bang)-TP
  • Tax Payer : Sankalp Semiconductor Private Limited

ITAT: Deletes addition made qua reimbursement for IT support services treated as FIS; Follows earlier orders

Nov 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-647-ITAT-2025(DEL)-TP
  • Tax Payer : Inveso Holding Company (US) Inc

ITAT: Adopts ‘interest saving method’ to arrive at fair corporate guarantee estimation; Rejects CIT(A)’s adoption of 1%

Oct 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-643-ITAT-2025(Kol)-TP
  • Tax Payer : National Engineering Industries Ltd

ITAT: Restricts corporate guarantee to 0.5% against TPO’s 1%; Follows earlier order

Oct 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-642-ITAT-2025(Kol)-TP
  • Tax Payer : Tata Consumer Products Limited

ITAT: Deletes adjustment for reimbursement of expenses basis TPO's failure to understand the issue

Oct 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-645-ITAT-2025(DEL)-TP
  • Tax Payer : IDP Education India Pvt. Ltd

ITAT: Directs assessee to substantiate FAR similarity qua AE & non-AE segments, remits interest on receivables

Oct 31, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-644-ITAT-2025(Bang)-TP
  • Tax Payer : WEG Industries (India) Pvt. Ltd

ITAT: Expense reimbursement did not qualify as SDT; Confirms CIT(A)’s deletion of adjustment

Oct 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-633-ITAT-2025(Ahd)-TP
  • Tax Payer : Mytrah Vayu (Gujarat) Private Limited

ITAT: Upholds CIT(A)’s decision allowing assessee’s claim of deduction u/s.80IA; Follows precedent

Oct 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-634-ITAT-2025(CHNY)-TP
  • Tax Payer : Sri Shanmugavel – Mills Pvt. Ltd

HC: Directs AO to pass final assessment order after DRP's disposal of assessee's application u/s.144C(2)

Oct 30, 2025
  • In Favour of Assessee
  • Citation Number : TS-640-HC-2025(MAD)-TP
  • Tax Payer : American megatrends International India Private Limited

ITAT: Dismisses assessee’s MA challenging Tribunal-order in case of UCWEB Mobile

Oct 29, 2025
  • In Favour of Revenue
  • Citation Number : TS-635-ITAT-2025(DEL)-TP
  • Tax Payer : UCWEB Mobile Pvt.Ltd

ITAT: Upholds adoption of CUP method, deletion of addition w.r.t import transaction

Oct 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-631-ITAT-2025(DEL)-TP
  • Tax Payer : Tvarur and Fats Pvt. Ltd

ITAT: Deletes TP-adjustment towards brand royalty payment in case of Vodafone Idea, follows precedents

Oct 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-632-ITAT-2025(DEL)-TP
  • Tax Payer : Vodafone Idea Ltd

ITAT: Directs TPO to consider assessee’s submissions while reworking ALP qua IT services

Oct 27, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-629-ITAT-2025(CHNY)-TP
  • Tax Payer : Claritrics India Private Limited

HC: Sets aside AU’s order; Directs assessee to submit response to SCN within 7 days

Oct 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-628-HC-2025(DEL)-TP
  • Tax Payer : DALMIA BHARAT SUGAR AND INDUSTRIES LIMITED

HC: Quashes assessment order; AO ought to have waited for DRP’s directions

Oct 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-627-HC-2025(KAR)-TP
  • Tax Payer : KAWASAKI MANUFACTURING (INDIA) PRIVATE LIMITED

HC: Holds assessment proceedings time-barred since final assessment-order not passed pursuant to remand order

Oct 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-626-HC-2025(DEL)-TP
  • Tax Payer : ACUITY KP SOLUTIONS (INDIA) PRIVATE LIMITED

ITAT: Excludes 3 functionally dissimilar companies in SWD segment; Follows precedent

Oct 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-624-ITAT-2025(Ahd)-TP
  • Tax Payer : Altera Digital Health (India) LLP (Formerly known as Allscripts (India) LLP)