Updates ( 8666 results )
ITAT: Deletes penalty u/s.271AA citing reasonable cause for not reporting reimbursement transaction
May 20, 2025
- In Favour of Assessee
- Citation Number : TS-260-ITAT-2025(PUN)-TP
- Tax Payer : Sequence Design (I) Pvt Ltd
ITAT: Upholds deletion Sec.271AA penalty as requisite documents provided by assessee
May 19, 2025
- In Favour of Assessee
- Citation Number : TS-259-ITAT-2025(HYD)-TP
- Tax Payer : Jodas Expoim (P) Ltd
ITAT: Holds TP provisions inapplicable to income covered under tonnage tax scheme; Follows precedent
May 19, 2025
- In Favour of Both, Partially
- Citation Number : TS-256-ITAT-2025(Mum)-TP
- Tax Payer : Essar Shipping Limited
ITAT: Upholds assessee’s internal CUP for provision of services; Remits ALP for shares sold
May 19, 2025
- In Favour of Assessee
- Citation Number : TS-258-ITAT-2025(Mum)-TP
- Tax Payer : Larsen & Toubro Limited
ITAT: Restricts TP adjustment only to international transactions; Adopts LIBOR+200 bps as interest on delayed receivables
May 19, 2025
- In Favour of Assessee
- Citation Number : TS-257-ITAT-2025(Bang)-TP
- Tax Payer : MN Dastur and Company Pvt. Ltd
ITAT: Excludes comparables under SWD, ITeS segments citing functional dissimilarity, lower employee-cost etc
May 16, 2025
- In Favour of Both, Partially
- Citation Number : TS-254-ITAT-2025(DEL)-TP
- Tax Payer : FIS Global Business Solutions India P. Ltd
ITAT: Permits Motorola Solutions India to withdraw TP grounds in light of MAP resolution
May 16, 2025
- In Favour of None/NA
- Citation Number : TS-255-ITAT-2025(DEL)-TP
- Tax Payer : Motorola Solutions India Pvt Ltd
ITAT: Holds AO’s reference for ALP determination of SDT invalid; Cites omission of Sec.92BA(i)
May 16, 2025
- In Favour of Assessee
- Citation Number : TS-253-ITAT-2025(CHNY)-TP
- Tax Payer : Orient Green Power Company Limited
ITAT: Analysis carried out by TPO and assessee while comparables-selection found defective; Remits matter
May 15, 2025
- In Favour of None/NA
- Citation Number : TS-251-ITAT-2025(PUN)-TP
- Tax Payer : Jade Global Software Private Limited
ITAT: Allows assessee’s MP, rectifies inadvertent errors in Tribunal's order
May 15, 2025
- In Favour of Assessee
- Citation Number : TS-250-ITAT-2025(DEL)-TP
- Tax Payer : Mitutoyo South Asia P Ltd
ITAT: Dismisses assessee's appeal w.r.t AMP adjustment etc as being settled by APA agreement
May 15, 2025
- In Favour of None/NA
- Citation Number : TS-249-ITAT-2025(DEL)-TP
- Tax Payer : Yakohama India Private Limited
ITAT: Finds mismatch in Net Operating Profit working provided by assessee; Remits issue
May 15, 2025
- In Favour of Revenue
- Citation Number : TS-248-ITAT-2025(HYD)-TP
- Tax Payer : Biogenex Life Sciences Private Ltd
HC: Confirms ITAT’s remand of ALP qua intra-group services in case of American Express Banking
May 15, 2025
- In Favour of None/NA
- Citation Number : TS-252-HC-2025(DEL)-TP
- Tax Payer : American Express Banking Corp, (India Branch)
ITAT: Remits comparables-selection; Directs TPO to apply filters in accordance of principles of FAR test
May 14, 2025
- In Favour of Both, Partially
- Citation Number : TS-245-ITAT-2025(DEL)-TP
- Tax Payer : Opus International (M)
ITAT: Non-furnishing of documents in manner sought by AO, not a ground to levy Sec.271G-penalty
May 14, 2025
- In Favour of Assessee
- Citation Number : TS-243-ITAT-2025(DEL)-TP
- Tax Payer : S. N. Exports
ITAT: Deletes TP-adjustment made by AO without following DRP-direction, TPO’s order giving effect
May 14, 2025
- In Favour of Assessee
- Citation Number : TS-242-ITAT-2025(DEL)-TP
- Tax Payer : iQor India Services Pvt Ltd
ITAT: Excludes companies being functionally dissimilar to marketing and administrative /support services provider
May 14, 2025
- In Favour of Both, Partially
- Citation Number : TS-241-ITAT-2025(DEL)-TP
- Tax Payer : Nippon Steel Engineering India Private Limited
ITAT: Includes/Excludes comparables in SWD segment; Follows assessee’s earlier order
May 14, 2025
- In Favour of Assessee
- Citation Number : TS-247-ITAT-2025(DEL)-TP
- Tax Payer : NXP India Private Limited
ITAT: Holds ALP to be calculated in accordance with segment results and not at entity level; Includes functionally-similar company
May 14, 2025
- In Favour of Assessee
- Citation Number : TS-246-ITAT-2025(DEL)-TP
- Tax Payer : Opterna Technologies Private Limited
ITAT: Rules on selection of comparables in ITeS segment, grants working capital adjustment
May 14, 2025
- In Favour of Both, Partially
- Citation Number : TS-244-ITAT-2025(HYD)-TP
- Tax Payer : DSM Shared Services India Pvt. Ltd