Updates ( 8211 results )

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HC: No question of law arises on disallowance for royalty paid; Upholds ITAT’s order

Oct 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-445-HC-2024(DEL)-TP
  • Tax Payer : Sony India Pvt. Ltd

ITAT: Sets aside order confirming Sec.271G-penalty, directs CIT(A) to pass speaking order

Oct 18, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-442-ITAT-2024(DEL)-TP
  • Tax Payer : Assotech Moonshine Urban Developers Pvt Ltd

ITAT: Remits royalty adjustment qua non-UK AE, follows earlier order w.r.t non-application of UK-MAP

Oct 18, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-443-ITAT-2024(DEL)-TP
  • Tax Payer : JCB India Ltd

ITAT: No separate benchmarking required for royalty payment, follows earlier order

Oct 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-440-ITAT-2024(Bang)-TP
  • Tax Payer : Toyota Kirloskar Motors Pvt Ltd

ITAT: Grants conditional stay, notes TP-adjustment made to entire turnover in construction-equipment segment

Oct 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-441-ITAT-2024(Bang)-TP
  • Tax Payer : Volvo CE India Pvt. Ltd

ITAT: Deletes TP-adjustment qua IT consultancy charges, guarantee fee; Follows earlier orders

Oct 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-438-ITAT-2024(Ahd)-TP
  • Tax Payer : Hagglunds Drives (India) Pvt Ltd

ITAT: Excludes comparables on failing upper turnover filter; Follows earlier order

Oct 16, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-439-ITAT-2024(Bang)-TP
  • Tax Payer : Marvell India Pvt Ltd

ITAT: Grants stay to Xiaomi Technology on outstanding demand for 180 days

Oct 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-436-ITAT-2024(Bang)-TP
  • Tax Payer : Xiaomi Technology India Pvt. Ltd

ITAT: Confirms TPO's 1% guarantee-commission, rejects assessee's plea for restricting adjustment to 0.5%

Oct 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-435-ITAT-2024(Bang)-TP
  • Tax Payer : DTDC Express Ltd

ITAT: Deletes interest on share-application money, delay in allotment not assessee's fault

Oct 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-433-ITAT-2024(Mum)-TP
  • Tax Payer : Aries Agro Ltd

ITAT: Holds turnover as relevant criteria for comparable-selection; Accepts interest on receivables @LIBOR+200

Oct 11, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-434-ITAT-2024(HYD)-TP
  • Tax Payer : OSI Systems Pvt Ltd

ITAT: Finds CIT(A)'s observations qua TP-issues unnecessary, allows management fee deduction u/s.37

Oct 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-431-ITAT-2024(CHNY)-TP
  • Tax Payer : SPi Technologies India Private Ltd

ITAT: Restricts corporate guarantee fee to 0.5%; Follows catena of rulings

Oct 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-432-ITAT-2024(Mum)-TP
  • Tax Payer : Tata Projects Limited

ITAT: Directs AO to apply LIBOR+200 points for benchmarking interest on receivables; Follows earlier order

Oct 03, 2024
  • In Favour of Assessee
  • Citation Number : TS-427-ITAT-2024(HYD)-TP
  • Tax Payer : ADP Private Limited

ITAT: Deletes TP-adjustment qua interest on receivables, notes assessee's margin higher than comparables

Oct 03, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-428-ITAT-2024(DEL)-TP
  • Tax Payer : GKN Driveline India Ltd

ITAT: Dismisses Revenue’s appeal against CIT(A) deleting TP-addition for purchase of Tendu leaves

Oct 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-423-ITAT-2024(Ahd)-TP
  • Tax Payer : Chhotabhai Jethabhai Patel & Co

ITAT: Finds CIT(A)-order deleting TP adjustment qua payment of export commission as well reasoned

Oct 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-424-ITAT-2024(DEL)-TP
  • Tax Payer : Kamla Dials and Devices Ltd

ITAT: Deletes 271G-penalty for Twentieth Century Fox; No finding w.r.t inaccuracy of information

Sep 30, 2024
  • In Favour of Assessee
  • Citation Number : TS-422-ITAT-2024(Mum)-TP
  • Tax Payer : Twentieth Century Fox Telecommunications International Inc

HC: Quashes final assessment order passed despite pendency of rectification application before DRP

Sep 30, 2024
  • In Favour of Assessee
  • Citation Number : TS-421-HC-2024(KAR)-TP
  • Tax Payer : Mavenir Systems Pvt Ltd

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