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ITAT: Permits assessed to withdraw TP related grounds as covered under APA

Jun 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-321-ITAT-2025(Mum)-TP
  • Tax Payer : Schindler India Private Limtied

ITAT: PCIT did not examine assessment records, quashes revisionary order u/s. 263

Jun 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-317-ITAT-2025(DEL)-TP
  • Tax Payer : DCM Shriram Ltd

ITAT: Affirms deletion of TP-adjustment w.r.t issuance of CCDs, payment of interest on debentures

Jun 09, 2025
  • In Favour of Assessee
  • Citation Number : TS-318-ITAT-2025(Mum)-TP
  • Tax Payer : Era Realtors Pvt Ltd

ITAT: Includes/Excludes comparables citing functional similarity/dissimilarity; Follows assessee’s earlier order

Jun 06, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-316-ITAT-2025(DEL)-TP
  • Tax Payer : NXP India Private Limited

ITAT: Remits TP-adjustment on royalty as TPO denied assessee adequate time for objections

Jun 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-315-ITAT-2025(Bang)-TP
  • Tax Payer : SEG Automotive India Private Limited

ITAT: Upholds TP-adjustment qua corporate guarantee commission, made basis BG-rates with risk adjustment

Jun 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-314-ITAT-2025(Mum)-TP
  • Tax Payer : Essar Shipping Limited

ITAT: Rules on comparables for ITeS, MSS segments; Allows capacity utilization adjustment for manufacturing segment

Jun 05, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-311-ITAT-2025(Mum)-TP
  • Tax Payer : Emerson Electric Company (India) P Ltd

ITAT: Upholds CIT(A)’s deletion of penalty levied u/s. 271G; Follows earlier order

Jun 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-313-ITAT-2025(Mum)-TP
  • Tax Payer : Arjav Diamond India Pvt Ltd

ITAT: Deletes adjustment for deduction u/s. 80IA; Confirms assessee’s ALP for power transferred

Jun 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-309-ITAT-2025(JPR)-TP
  • Tax Payer : Mangalam Cement Ltd

ITAT: Directs addition recomputation @ 0.5% on corporate financial guarantee; Follows Everest Kanto Cylinder

Jun 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-308-ITAT-2025(Mum)-TP
  • Tax Payer : United Phosphorous Ltd

ITAT: Allows assessee’s miscellaneous application for making changes in its earlier order

Jun 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-307-ITAT-2025(DEL)-TP
  • Tax Payer : DLF Midtown P Ltd

ITAT: Rules on adjustments qua software cost allocation, expense reimbursement, transfer of electricity, etc

Jun 03, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-304-ITAT-2025(DEL)-TP
  • Tax Payer : SRF Limited

HC: Sets aside TPO’s order and draft assessment passed without considering assessee’s reply

Jun 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-305-HC-2025(DEL)-TP
  • Tax Payer : LOCONAV INDIA PVT LTD

ITAT: Deletes TP-adjustment qua management service payment; Applies rule of consistency

Jun 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-302-ITAT-2025(CHNY)-TP
  • Tax Payer : AVO Carbon India Pvt Ltd

ITAT: Deletes TP adjustment qua outstanding trade receivables for debt free assessee-company

Jun 03, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-303-ITAT-2025(CHNY)-TP
  • Tax Payer : Stanadyne India Private Limited

ITAT: Grants stay of demand for 180 days; Considers two assessment orders being passed for same AY

Jun 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-301-ITAT-2025(DEL)-TP
  • Tax Payer : OutSystems Singapore Pte. Ltd

ITAT: Applies 0.5% as commission fee for Stand-by Letter of Credit

Jun 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-300-ITAT-2025(DEL)-TP
  • Tax Payer : Lava International Limited

ITAT: Excludes prior period expenditure for PLI computation; Excludes comparables citing high turnover

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2025(CHNY)-TP
  • Tax Payer : Information Evolution India Pvt. Ltd

HC: Disposes of assessee’s writ considering modified returns in APA

Jun 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-299-HC-2025(DEL)-TP
  • Tax Payer : Corteva Agriscience Services India Private Limited

ITAT: Rules on comparables selection in ITeS; Treats forex gain/loss as operating income

Jun 02, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-296-ITAT-2025(PUN)-TP
  • Tax Payer : Vodafone Global Services Private Limited