Updates ( 9016 results )

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HC: Sets aside final assessment order passed while objections pending before DRP

  • In Favour of Assessee
  • Citation Number : TS-527-HC-2024(DEL)-TP
  • Tax Payer : Jackson Square Aviation Ireland Limited

ITAT: Confirms deletion of Sec.271AA-penalty, notes assessee transacted only with domestic-AE

  • In Favour of Assessee
  • Citation Number : TS-524-ITAT-2024(Ahd)-TP
  • Tax Payer : Priya Blue Recycling LLP

ITAT: Directs TPO to apply LIBOR for benchmarking outstanding receivables after verifying invoices, risks

  • In Favour of Both, Partially
  • Citation Number : TS-525-ITAT-2024(Bang)-TP
  • Tax Payer : Concur Technologies India Private Limited

ITAT: Directs exclusion of Infosys BPO, TCS if turnover exceeds Rs.200 crores

  • In Favour of Both, Partially
  • Citation Number : TS-520-ITAT-2024(Bang)-TP
  • Tax Payer : Robert Bosch Engineering and Business Solutions Ltd

ITAT: Includes comparables which incurred loss for a year; Considers forex loss/gain as operating

  • In Favour of Both, Partially
  • Citation Number : TS-521-ITAT-2024(CHNY)-TP
  • Tax Payer : Iljin Automotive P. Ltd

ITAT: Confirms CIT(A)’s deletion of Sec.271G-penalty on diamond merchant, follows earlier decision

  • In Favour of Assessee
  • Citation Number : TS-518-ITAT-2024(Mum)-TP
  • Tax Payer : Ankit Gems Pvt Ltd

ITAT: Emphasises on principle of consistency, holds AO erred in not following DRP-directions

  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2024(DEL)-TP
  • Tax Payer : Humboldt Wedag India Pvt Ltd

ITAT: Rules on TP-adjustments w.r.t loan-interest & guarantee fee, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-515-ITAT-2024(Mum)-TP
  • Tax Payer : Rosy Blue (India) Pvt. Ltd

ITAT: Adopts interest @LIBOR+200 points on trade receivables, allows credit period; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-516-ITAT-2024(HYD)-TP
  • Tax Payer : Erstwhile Amalgamating Company Sitapuram Power Limited

ITAT: Deletes TP-adjustment qua interest on outstanding receivables, considers assessee's debt-free status

  • In Favour of Assessee
  • Citation Number : TS-513-ITAT-2024(CHNY)-TP
  • Tax Payer : Temenos India Pvt Ltd

HC: Directs ITAT to consider grounds pertaining to TP-adjustment qua purchase of finished goods

  • In Favour of Assessee
  • Citation Number : TS-514-HC-2024(DEL)-TP
  • Tax Payer : Luxottica India Eyewear Pvt Ltd

ITAT: Quashes assessment order u/s 147 r.w.s. 144C(13) as time-barred absent TPO-reference

  • In Favour of Assessee
  • Citation Number : TS-511-ITAT-2024(HYD)-TP
  • Tax Payer : Mir Ibrahim Ali

ITAT: Imputes ALP-commission on SBLC @ 1% over TPO's 4.01%, considers Everest Kento ruling

  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2024(DEL)-TP
  • Tax Payer : ANAND NVH PRODUCTS PRIVATE LIMITED

ITAT: Quashes assessment order passed in non-compliance of Sec.144C, NRI-assessee's attitude immaterial

  • In Favour of Assessee
  • Citation Number : TS-510-ITAT-2024(Mum)-TP
  • Tax Payer : Hasmukh Dipchand Gardi

HC: Dismisses Revenue’s appeal against ITAT-order invalidating TPO-reference qua SDT u/s.92BA(i)

  • In Favour of Assessee
  • Citation Number : TS-509-HC-2024(KAR)-TP
  • Tax Payer : TT Steel Service India Pvt Ltd

ITAT: Remits adjustment qua marketing & distribution expenses, deletes club-service expenditure adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-506-ITAT-2024(Bang)-TP
  • Tax Payer : AstraZeneca Pharma India Ltd

ITAT: Deletes TP-adjustment qua management fee payment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-507-ITAT-2024(Mum)-TP
  • Tax Payer : Otis Elevator Company (India) Limited

ITAT: Upholds CIT(A)’s deletion of TP-adjustment qua management service charges

  • In Favour of Assessee
  • Citation Number : TS-500-ITAT-2024(Ahd)-TP
  • Tax Payer : Schaeffler India Limited

ITAT: Remands comparables selection, predecessor's order cannot be sole basis for CIT(A)'s decision

  • In Favour of Both, Partially
  • Citation Number : TS-502-ITAT-2024(PUN)-TP
  • Tax Payer : Renishaw Metrology Systems Ltd

ITAT: Charges 0.50% fee for corporate guarantee, follows Assessee’s earlier order

  • In Favour of Assessee
  • Citation Number : TS-498-ITAT-2024(VIZ)-TP
  • Tax Payer : 3F Industries Limited