Updates ( 8011 results )

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HC: Dismisses Revenue’s appeal on exclusion of Infosys and TCS as comparables

Sep 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-419-HC-2024(DEL)-TP
  • Tax Payer : E-Valueserve SEZ (Gurgaon) P Ltd

HC: Affirms ITAT-order, channel/content owner companies incomparable to assessee's distribution segment

Sep 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-420-HC-2024(DEL)-TP
  • Tax Payer : Warnermedia India Private Limited

ITAT: Confirms deletion of TP-adjustment qua interest on loan and corporate guarantee

Sep 23, 2024
  • In Favour of Assessee
  • Citation Number : TS-417-ITAT-2024(DEL)-TP
  • Tax Payer : Jindal Pipes Ltd

ITAT: Remits final assessment order, directs AO to incorporate DRP's direction

Sep 23, 2024
  • In Favour of Assessee
  • Citation Number : TS-418-ITAT-2024(DEL)-TP
  • Tax Payer : Honda R & D (India) Pvt Ltd

ITAT: Admits additional ground, restricts TP-adjustment to international transactions only

Sep 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-416-ITAT-2024(Mum)-TP
  • Tax Payer : Deutsche Networks Services Pvt Ltd

ITAT: Deletes TP-adjustment w.r.t interest on receivables, TPO did not show how AEs benefitted

Sep 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-415-ITAT-2024(CHNY)-TP
  • Tax Payer : Sanmina-SCI India Pvt Ltd

ITAT: Deletes SDT adjustment owing to Finance Act 2017 amendment to Sec.92BA

Sep 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-413-ITAT-2024(Ahd)-TP
  • Tax Payer : Asiatic Colour Chem Ind Ltd

HC: Dismisses Revenue’s appeal against ITAT-order deleting penalty u/s. 271(1)(c)

Sep 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-414-HC-2024(DEL)-TP
  • Tax Payer : Yum Restaurant Marketing Pvt Ltd

HC: Dismisses Revenue’s appeal challenging quashing of Sec.263-order for Dell International

Sep 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-412-HC-2024(KAR)-TP
  • Tax Payer : Dell International Services India Private Limited

ITAT: Adopts LIBOR+200 points as interest on receivables; Follows precedents

Sep 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-410-ITAT-2024(HYD)-TP
  • Tax Payer : ADP Private Limited

ITAT: Partly allows assessee's MPs w.r.t comparables and interest on receivables

Sep 18, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-411-ITAT-2024(Bang)-TP
  • Tax Payer : AMD India Private Ltd

ITAT: Adjudicates TP-adjustments w.r.t technical & regional support services, interest on receivables

Sep 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-408-ITAT-2024(HYD)-TP
  • Tax Payer : KH Facility Solutions India Private Limited

ITAT: Allows Assessee’s miscellaneous petition, remits comparables & treatment of expenses

Sep 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-409-ITAT-2024(Bang)-TP
  • Tax Payer : Toyota Tsusho India Pvt. Ltd

ITAT: Grants stay to Volvo Group India, notes 90% of total demand paid

Sep 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-406-ITAT-2024(Bang)-TP
  • Tax Payer : Volvo Group India Pvt. Ltd. [formerly Volvo India Pvt. Ltd.]

ITAT: Holds TPO-order as time barred by 1 day resulting in Assessee being ‘ineligible’; Follows precedents

Sep 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-401-ITAT-2024(Mum)-TP
  • Tax Payer : Thermo Fisher Scientific India Pvt Ltd

HC: Dismisses Revenue’s appeal, refrains to interfere with ITAT’s view on IGS

Sep 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-405-HC-2024(DEL)-TP
  • Tax Payer : Avery Dennison (India) P Ltd

ITAT: Holds assessment-order unsustainable as being time-barred; Follows NDTV HC-ruling

Sep 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-402-ITAT-2024(Bang)-TP
  • Tax Payer : IHS Global Private Limited

HC: Dismisses Revenue’s appeal against comparables-selection in case of ST MicroElectronics

Sep 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-403-HC-2024(DEL)-TP
  • Tax Payer : ST Micro Electronics Pvt Ltd

ITAT: Quashes final assessment order as TPO/DRP’s directions not complied with

Sep 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2024(DEL)-TP
  • Tax Payer : Comparex India P Ltd

ITAT: Rules on adjustments qua manufacturing/trading segments, disallowing payment to headquarters impermissible

Sep 12, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-400-ITAT-2024(Bang)-TP
  • Tax Payer : Emersion Automation Solutios Intelligent Platforms Private Limited