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ITAT: Grants stay of demand to DLF Midtown w.r.t SDT-adjustment u/s.92BA

Feb 23, 2024
  • In Favour of Assessee
  • Citation Number : TS-59-ITAT-2024(DEL)-TP
  • Tax Payer : DLF Midtown P Ltd

ITAT: Deletes addition qua commission on SBLC; Follows earlier order

Feb 23, 2024
  • In Favour of Assessee
  • Citation Number : TS-58-ITAT-2024(DEL)-TP
  • Tax Payer : Bhartiya International Ltd

ITAT: Deletes notional interest on outstanding receivables; Follows precedents

Feb 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2024(DEL)-TP
  • Tax Payer : TCI-GO Vacation India Private Limited

ITAT: Dismisses assessee’s MA qua interest on receivables, invoice-wise details not filed earlier

Feb 22, 2024
  • In Favour of Revenue
  • Citation Number : TS-56-ITAT-2024(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.

ITAT: Upholds comparables selected by TPO/DRP; Remits interest on outstanding receivables

Feb 21, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-54-ITAT-2024(VIZ)-TP
  • Tax Payer : Teejay India Private Limited

ITAT: Deletes TP-adjustment for AMP expenses alleged as brand promotion; Follows earlier orders

Feb 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-55-ITAT-2024(CHNY)-TP
  • Tax Payer : Hyundai Motor India Limited

ITAT: No change in facts to deviate from TNMM to CUP; Confirms rejection of multiple/ prior year data

Feb 16, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-49-ITAT-2024(VIZ)-TP
  • Tax Payer : Teejay India Private Limited

ITAT: Deletes TP-adjustments qua Letter of comfort, interest on delayed realization

Feb 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-50-ITAT-2024(Mum)-TP
  • Tax Payer : Tata International Limited

ITAT: Rejects assessee’s own recharacterization as distributor, upholds CUP to benchmark API-import

Feb 15, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-48-ITAT-2024(Mum)-TP
  • Tax Payer : Fulford (India) Limited

ITAT: Excludes functionally dissimilar comparables, directs AO/TPO to examine working capital adjustment

Feb 15, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-47-ITAT-2024(VIZ)-TP
  • Tax Payer : Brandix Apparel India Private Limited

ITAT: Confirms CIT(A)’s deletion of TP-adjustment qua sale of power u/s.80IA; Follows precedents

Feb 14, 2024
  • In Favour of Assessee
  • Citation Number : TS-46-ITAT-2024(Kol)-TP
  • Tax Payer : IFB Agro Industries Ltd

HC: Dismisses Revenue's appeal against ITAT order quashing time-barred assessment u/s.144C

Feb 14, 2024
  • In Favour of Assessee
  • Citation Number : TS-45-HC-2024(DEL)-TP
  • Tax Payer : Fiberhome India Private Limited

ITAT: Holds final order passed by AO beyond limitation u/s.144C as void

Feb 14, 2024
  • In Favour of Assessee
  • Citation Number : TS-749-ITAT-2023(DEL)-TP
  • Tax Payer : Fiberhome India Private Limited

ITAT: Remits economic adjustments towards excess depreciation, capacity under-utilization

Feb 13, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-43-ITAT-2024(Mum)-TP
  • Tax Payer : Schott Glass India Pvt Ltd

HC: Refuses to interfere with ITAT’s deletion of TP-adjustment on purchase, sale transactions

Feb 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-42-HC-2024(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd

HC: Foreign AE can be tested party; Dismisses Revenue’s appeal

Feb 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-40-HC-2024(CAL)-TP
  • Tax Payer : ITC Infotech India Ltd

HC: Dismisses Revenue's appeal against ITAT's confirmation of 0.5% guarantee commission

Feb 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-41-HC-2024(CAL)-TP
  • Tax Payer : Karam Chand Thapar & Bros. Coal Sales Limited

ITAT: Accepts foreign-AE as tested party, deletes other TP-adjustments; Follows earlier order

Feb 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-941-ITAT-2022(Kol)-TP
  • Tax Payer : ITC Infotech India Ltd

ITAT: Remits TP-adjustment qua alleged interest receivable on AE-advance, follows earlier order

Feb 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-38-ITAT-2024(DEL)-TP
  • Tax Payer : BSC C&C Joint Venture

ITAT: Deletes TP-adjustments qua export commission, royalty payment; Follows earlier orders

Feb 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-39-ITAT-2024(DEL)-TP
  • Tax Payer : Honda Motorcycle & Scooter India Pvt Ltd