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ITAT: Rules on comparables selection for assessee-manufacturer of core-auto components

Jun 01, 2026
  • In Favour of Assessee
  • Citation Number : TS-425-ITAT-2026(DEL)-TP
  • Tax Payer : Hitatchi Astemo Haryana Pvt. Ltd. (formerly known as Showa India Private Limited)

ITAT: Holds TNMM as MAM for benchmarking sales transaction, applies judicial consistency

Jun 01, 2026
  • In Favour of Assessee
  • Citation Number : TS-424-ITAT-2026(Ahd)-TP
  • Tax Payer : Inductotherm (India) Pvt Ltd

ITAT: Sets aside final assessment order passed in name of non-existent entity despite intimation of merger; Follows precedent

Jun 01, 2026
  • In Favour of Assessee
  • Citation Number : TS-423-ITAT-2026(DEL)-TP
  • Tax Payer : BREVO CRM SOLUTIONS P. Ltd. (formerly known as Creatorbox Softwares P. Ltd.)

ITAT: Quashes time-barred final assessment order, statutory timeline prescribed u/s. 144C(13) not followed

May 29, 2026
  • In Favour of Assessee
  • Citation Number : TS-422-ITAT-2026(Mum)-TP
  • Tax Payer : SkillNet Solutions India Pvt Ltd

ITAT: Deletes management support services adjustment, final order passed without OGE by TPO

May 29, 2026
  • In Favour of Assessee
  • Citation Number : TS-421-ITAT-2026(DEL)-TP
  • Tax Payer : Cambridge University Press and Assessment India Pvt. Ltd

ITAT: Remits TP adjustment qua IGS; Directs TPO to examine evidence/additional evidence

May 29, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-420-ITAT-2026(DEL)-TP
  • Tax Payer : Cargill India Pvt Ltd

ITAT: Rejects Nil ALP qua intra-group services, deletes adjustment, as Assessee demonstrated receipt of services

May 29, 2026
  • In Favour of Assessee
  • Citation Number : TS-419-ITAT-2026(Ahd)-TP
  • Tax Payer : Roquette India Pvt. Ltd

SC: Dismisses Revenue's SLP challenging HC-order on AMP adjustment in case of Pernod Ricard India

May 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-418-SC-2026-TP
  • Tax Payer : Pernod Ricard India Pvt Ltd

ITAT: Upholds deletion of TP adjustment qua management support services and manufacturing segment

May 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-417-ITAT-2026(Ahd)-TP
  • Tax Payer : Schaeffler India Limited

ITAT: Holds TPO wrongly invoked Chapter-X for making AMP adjustment, follows earlier order

May 28, 2026
  • In Favour of Assessee
  • Citation Number : TS-416-ITAT-2026(DEL)-TP
  • Tax Payer : Amadeus India Pvt. Ltd.

ITAT: Deletes 271G penalty absent existence of AE as well as no adjustment being made

May 27, 2026
  • In Favour of Assessee
  • Citation Number : TS-415-ITAT-2026(Mum)-TP
  • Tax Payer : D.A. Jhaveri

ITAT: Deletes TP adjustment made in respect of intra-group services; Follows earlier orders

May 27, 2026
  • In Favour of Assessee
  • Citation Number : TS-413-ITAT-2026(Ahd)-TP
  • Tax Payer : Styrenix Performace Materials Ltd. (Formerly known as INEOS Styrolution India Limited)

ITAT: Remits AMP adjustment issue to reconsider in light of SC decisions pending in Gillette India and Yakult Danone India

May 27, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-412-ITAT-2026(Kol)-TP
  • Tax Payer : Reckitt Benckiser (India) Limited

ITAT: Rules on TP adjustments qua alleged interest received on advances, sales transaction, comparables selection

May 26, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-411-ITAT-2026(DEL)-TP
  • Tax Payer : Acme Cleantech Solutions Pvt. Ltd

ITAT: Rules on TP-adjustments pertaining to AE transactions, overdue trade receivables

May 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-410-ITAT-2026(DEL)-TP
  • Tax Payer : Elofic Industries Limited

ITAT: Remits TP adjustment made twice; Excludes 3 functionally dissimilar comparables

May 26, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-409-ITAT-2026(DEL)-TP
  • Tax Payer : Mitsui Prime Advanced Composites India Pvt Ltd

ITAT: Dismisses the appeal and stay application as infructuous

May 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-408-ITAT-2026(DEL)-TP
  • Tax Payer : K.S. Commodities Private Limited

ITAT: Excludes 4, remits 2 comparables in case of Inter Continental Hotels Group

May 26, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-407-ITAT-2026(DEL)-TP
  • Tax Payer : Inter Continental Hotels Group (India) Pvt Ltd

ITAT: Excludes 5 comparables and restricts commission @ 0.04% on comfort letter for ICICI Bank; Follows earlier orders

May 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-405-ITAT-2026(Mum)-TP
  • Tax Payer : ICICI Bank Ltd

ITAT: Excludes functionally dissimilar companies; Deletes adjustment

May 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-404-ITAT-2026(DEL)-TP
  • Tax Payer : Astemo India Private Limited