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SC: Dismisses Revenue’s SLPs challenging HC order on validity of final assessment order for Sumitomo Corporation

  • In Favour of Assessee
  • Citation Number : TS-766-SC-2026-TP
  • Tax Payer : Sumitomo Corporation India (P) Ltd

ITAT: Confirms corporate guarantee fee at 0.5%; Rejects assessee’s claim seeking deduction u/s.80-IAB

  • In Favour of Revenue
  • Citation Number : TS-773-ITAT-2026(PUN)-TP
  • Tax Payer : Qubix Business Park Private Limited

ITAT: Grants stay to assessee for 180 days or till disposal of appeal subject to deposit of 20% of outstanding demand

  • In Favour of Assessee
  • Citation Number : TS-770-ITAT-2026(DEL)-TP
  • Tax Payer : GEA Westfalia Separator India Private Limited

ITAT: Confirms DRP’s order, cites absence of appearance on behalf of assessee

  • In Favour of Revenue
  • Citation Number : TS-769-ITAT-2026(CHNY)-TP
  • Tax Payer : Trouw Nutrition India Private Limited

ITAT: Sets aside final assessment order on ground of being barred by limitation

  • In Favour of Assessee
  • Citation Number : TS-768-ITAT-2026(DEL)-TP
  • Tax Payer : Bucher Hydraulics Private Limited

ITAT: Deletes AMP adjustment made in case of Tata AIG General Insurance

  • In Favour of Assessee
  • Citation Number : TS-767-ITAT-2026(Mum)-TP
  • Tax Payer : Tata AIG General Insurance Co. Ltd

ITAT: Excludes comparables basis significant difference due to functional size, risk profile, brand value and functional instability issues

  • In Favour of Assessee
  • Citation Number : TS-764-ITAT-2026(PUN)-TP
  • Tax Payer : A.G.S. Customer Services (India) Private limited

ITAT: Considers 15% interest rate on CCDs at arm’s length, deletes adjustment

  • In Favour of Assessee
  • Citation Number : TS-763-ITAT-2026(Mum)-TP
  • Tax Payer : Bellissimo Healthy Construction And Developers Private Limited

ITAT: Holds Sec.271BA-penalty levied for non-furnishing TP-report in Form No.3CEB cannot be sustained given omission of Sec 92BA(i)

  • In Favour of Assessee
  • Citation Number : TS-757-ITAT-2026(CHANDI)-TP
  • Tax Payer : Scott Edil Advance Research Laboratories and Education Ltd

ITAT: Quashes final assessment order passed beyond limitation period as per Sec.144C(13)

  • In Favour of Assessee
  • Citation Number : TS-762-ITAT-2026(Bang)-TP
  • Tax Payer : Grasko Solutions Private Limited

ITAT: Rejects recharacterization of CCD as equity, deletes adjustment of Rs.185.13 crores; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-765-ITAT-2026(Mum)-TP
  • Tax Payer : AIROLI ITP DEVELOPMENT PRIVATE LIMITED

ITAT: Remits ALP-determination qua sourcing-support services & IT/ITeS, notes TPO incorrectly rejected assessee's TPSR

  • In Favour of Assessee
  • Citation Number : TS-759-ITAT-2026(Bang)-TP
  • Tax Payer : Ralph Lauren Sourcing India Llp

ITAT: Rejects Berry Ratio as PLI for jewellery manufacturer; Deletes adjustment qua interest on receivables

  • In Favour of Assessee
  • Citation Number : TS-758-ITAT-2026(JPR)-TP
  • Tax Payer : Vaibhav Global Limited

ITAT: Rules on TP adjustment qua AMP expenditure and interest on delayed receivables

  • In Favour of Both, Partially
  • Citation Number : TS-756-ITAT-2026(Bang)-TP
  • Tax Payer : Alcon Laboratories (India) Private Limited

ITAT: Dismisses Revenue’s appeal for want of territorial jurisdiction; Follows earlier order

  • In Favour of None/NA
  • Citation Number : TS-755-ITAT-2026(Mum)-TP
  • Tax Payer : JYOTHY CONSUMER PRODUCTS MARKETING LTD

ITAT: Deletes TP-adjustment w.r.t reimbursement of operational expenses for assessee in shipping business

  • In Favour of Assessee
  • Citation Number : TS-754-ITAT-2026(Mum)-TP
  • Tax Payer : Sarjak Container Lines Pvt. Ltd

ITAT: Directs AO to delete adjustment qua interest on receivables if Satyam Venture Engineering Services is found to be debt-free

  • In Favour of Both, Partially
  • Citation Number : TS-751-ITAT-2026(HYD)-TP
  • Tax Payer : Satyam Venture Engineering Services Private Limited

ITAT: Sets aside issue of adjustment qua interest on outstanding trade receivables back to AO; Directs to verify if assessee is debt-free

  • In Favour of Both, Partially
  • Citation Number : TS-753-ITAT-2026(HYD)-TP
  • Tax Payer : Progress Software Development Private Ltd

ITAT: Excludes comparables failing functionality test in second round of proceedings

  • In Favour of Assessee
  • Citation Number : TS-752-ITAT-2026(Bang)-TP
  • Tax Payer : Brocade Communication Systems Pvt Ltd

ITAT: Upholds deletion of TP-addition w.r.t royalty payment; Follows earlier orders, rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-750-ITAT-2026(VIZ)-TP
  • Tax Payer : SNF (India) Private Limited