Updates ( 8211 results )

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HC: Sets aside ITAT’s inconsistent observation on AMP-adjustment in case of Haier Appliances India; Remits matter

Mar 07, 2024
  • In Favour of Assessee
  • Citation Number : TS-85-HC-2024(DEL)-TP
  • Tax Payer : Haier Appliances (India) Pvt Ltd

ITAT: Deletes TP-adjustment for admin support services qua inter-bank indemnities

Mar 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-82-ITAT-2024(Mum)-TP
  • Tax Payer : The Bank of Nova Scotia

ITAT: Tribunal order passed without cognizance of HC-decisions, allows MA, quashes assessment order

Mar 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-83-ITAT-2024(HYD)-TP
  • Tax Payer : Gameloft Software Private Limited

HC: Dismisses Revenue’s appeal against ITAT's exclusion of TCS E-serve as comparable

Mar 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-80-HC-2024(DEL)-TP
  • Tax Payer : Integreon India Pvt Ltd

ITAT: Upholds NIL ALP for IGS; Follows precedents

Mar 05, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-78-ITAT-2024(DEL)-TP
  • Tax Payer : AT Kearney Ltd

HC: 'Change of opinion’ no reason to believe income escapement; Disposes of writ

Mar 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-79-HC-2024(BOM)-TP
  • Tax Payer : Sanofi India Limited (formerly Aventis Pharma Limited)

ITAT: Dismisses final order, variations in final order not proposed in draft order

Mar 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-74-ITAT-2024(DEL)-TP
  • Tax Payer : Mobase India Pvt Ltd

ITAT: Rules on TP-adjustments qua capital infusion, licensing & custodian fees, loan-interest, etc.

Mar 04, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-76-ITAT-2024(Ahd)-TP
  • Tax Payer : Torrent Pharmaceuticals Ltd

ITAT: Deletes TP-adjustment qua export of formulations, accepts foreign AE as tested party

Mar 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-70-ITAT-2024(Mum)-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd

ITAT: Deletes TP-adjustment qua interest on loan; Considers tenure, commercial prudence

Mar 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2024(DEL)-TP
  • Tax Payer : Maharashtra Seamless Ltd

ITAT: Rules on comparables, TP adjustment on interest, outstanding receivables; Follows earlier order

Mar 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-72-ITAT-2024(Mum)-TP
  • Tax Payer : Varian Medical Systems International India Private Limited

ITAT: Deletes TP-adjustments w.r.t corporate guarantee fee, loan-interest, expense reimbursement

Feb 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-68-ITAT-2024(Ahd)-TP
  • Tax Payer : Zydus Lifesciences Ltd

HC: Dismisses Revenue’s appeal against Tribunal’s order on MA u/s 254(2)

Feb 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-69-HC-2024(DEL)-TP
  • Tax Payer : Fiserv India Pvt Ltd

ITAT: Deletes TP-adjustment for interbank indemnities issued by overseas branches, upholds TNMM

Feb 28, 2024
  • In Favour of Assessee
  • Citation Number : TS-67-ITAT-2024(Mum)-TP
  • Tax Payer : The Bank of Nova Scotia

ITAT: Remands disallowance computation, cites AO's failure to follow DRP-order in true sense

Feb 28, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-65-ITAT-2024(Mum)-TP
  • Tax Payer : Pacific Internet India Pvt Ltd

HC: Allows assessee’s writ petition on refund of tax deposited for grant of stay

Feb 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-66-HC-2024(DEL)-TP
  • Tax Payer : Navisite India Pvt. Ltd

HC: Disposes Revenue's appeal citing expiry of ITAT-order extending stay of demand

Feb 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-64-HC-2024(MAD)-TP
  • Tax Payer : Durr India Private Limited

ITAT: Remits TP-adjustment qua notional interest on outstanding receivables

Feb 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2024(Bang)-TP
  • Tax Payer : Altisource Business Solutions Private Ltd

ITAT: Dismisses assessee's MA seeking rectification of Tribunal order on comparable-selection

Feb 26, 2024
  • In Favour of Revenue
  • Citation Number : TS-61-ITAT-2024(DEL)-TP
  • Tax Payer : Louis Dreyfur Commodities India Pvt Ltd

ITAT: Directs TPO to follow DRP’s directions w.r.t aggregation approach, TNMM application

Feb 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-62-ITAT-2024(Kol)-TP
  • Tax Payer : Linde India Ltd (formerly BOC India Ltd)