Rulings ( 10845 results )
Income tax Appellate Tribunal
Latest
ITAT: Quashes final assessment order as passed in name of non-existing company; Follows assessee’s earlier order
Sep 01, 2025
- In Favour of Assessee
- Citation Number : TS-504-ITAT-2025(COCH)-TP
- Tax Payer : IBS Software Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Rules on TP adjustment qua corporate guarantee; Follows earlier orders
Sep 01, 2025
- In Favour of Assessee
- Citation Number : TS-501-ITAT-2025(Kol)-TP
- Tax Payer : Mcleod Russel India Limited
Income tax Appellate Tribunal
ITAT: Holds TP-adjustment qua sale of power by CPP as academic since assessee did not claim deduction u/s 80-IA
Sep 01, 2025
- In Favour of Assessee
- Citation Number : TS-500-ITAT-2025(Kol)-TP
- Tax Payer : Philips Carbon Black Ltd
Income tax Appellate Tribunal
ITAT: Upholds assessee's aggregation approach, deletes TP-adjustment qua management charges
Sep 01, 2025
- In Favour of Assessee
- Citation Number : TS-503-ITAT-2025(CHNY)-TP
- Tax Payer : Haworth India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rejects assessee's submissions qua netting/subsuming w.r.t interest on overdue receivables
Aug 29, 2025
- In Favour of Assessee
- Citation Number : TS-497-ITAT-2025(HYD)-TP
- Tax Payer : ADP Private Limited
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustments qua AMP expenses, royalty payment, etc; Follows earlier order
Aug 29, 2025
- In Favour of Assessee
- Citation Number : TS-498-ITAT-2025(Mum)-TP
- Tax Payer : Mondelez India Foods P Ltd (formerly known as Cadbury India Ltd.)
Income tax Appellate Tribunal
ITAT: Prefers internal over external TNMM for manufacturing segment; Treats miscellaneous expense as operating
Aug 29, 2025
- In Favour of Assessee
- Citation Number : TS-496-ITAT-2025(CHNY)-TP
- Tax Payer : Reynolds Pens India P Ltd
Income tax Appellate Tribunal
ITAT: Dismisses J P Morgan’s appeal as withdrawn being covered by Advance Pricing Agreement
Aug 29, 2025
- In Favour of Assessee
- Citation Number : TS-499-ITAT-2025(Mum)-TP
- Tax Payer : J P Morgan Services India P Ltd
Income tax Appellate Tribunal
ITAT: Excludes comparables under SWD and contract R&D services segments; Follows earlier order
Aug 29, 2025
- In Favour of Assessee
- Citation Number : TS-495-ITAT-2025(Kol)-TP
- Tax Payer : Philips India Limited
Income tax Appellate Tribunal
ITAT: Holds LIBOR applicable for benchmarking loan transaction; Applies 1% rate as corporate guarantee commission
Aug 28, 2025
- In Favour of Assessee
- Citation Number : TS-491-ITAT-2025(DEL)-TP
- Tax Payer : Kohinoor Food Ltd.
Income tax Appellate Tribunal
ITAT: Adopts LIBOR+2% as interest rate on outstanding receivable; Follows precedents
Aug 28, 2025
- In Favour of Assessee
- Citation Number : TS-492-ITAT-2025(Mum)-TP
- Tax Payer : Rolta India Ltd
Income tax Appellate Tribunal
ITAT: Stays recovery of balance outstanding demand for a period of 180 days
Aug 28, 2025
- In Favour of Assessee
- Citation Number : TS-493-ITAT-2025(DEL)-TP
- Tax Payer : Hatch Associates India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits determining assessee’s correct margin for export of machinery and tools
Aug 28, 2025
- In Favour of Assessee
- Citation Number : TS-494-ITAT-2025(Mum)-TP
- Tax Payer : Bajaj Holding & Investment Ltd
Income tax Appellate Tribunal
ITAT: Excludes 4 comparables in SWD segment; Grants working capital adjustment
Aug 28, 2025
- In Favour of Assessee
- Citation Number : TS-489-ITAT-2025(CHNY)-TP
- Tax Payer : Groupon Shared Services Private Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables for subscription/service/SWD segments, grants WCA, follows earlier order
Aug 26, 2025
- In Favour of Both, Partially
- Citation Number : TS-490-ITAT-2025(Mum)-TP
- Tax Payer : Red Hat India Private Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables under marketing support services segment; Remits TP-adjustment qua delayed receivables
Aug 26, 2025
- In Favour of Assessee
- Citation Number : TS-484-ITAT-2025(DEL)-TP
- Tax Payer : Stryker India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds assessment order as being within limitation, remits adjustments w.r.t SWD services & loan
Aug 26, 2025
- In Favour of Both, Partially
- Citation Number : TS-486-ITAT-2025(HYD)-TP
- Tax Payer : Prithvi Information Solutions Ltd.
Income tax Appellate Tribunal
ITAT: TPO/DRP wrongly treated CCDs as including equity component, deletes Sec.36/37 disallowance but remits benchmarking
Aug 26, 2025
- In Favour of Both, Partially
- Citation Number : TS-488-ITAT-2025(Mum)-TP
- Tax Payer : Goldman Sachs (India) Finance Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Holds TPO not right in making adhoc disallowance of 50%; Remits ALP qua ‘other support services’
Aug 25, 2025
- In Favour of Assessee
- Citation Number : TS-485-ITAT-2025(Mum)-TP
- Tax Payer : Rubicon Research Limited (Formerly Known as Rubicon Research Private Limited)
High Court
HC: Upholds exclusion of Infosys BPO & TCS E-Services on ground of huge size and turnover
Aug 25, 2025
- In Favour of Assessee
- Citation Number : TS-481-HC-2025(KAR)-TP
- Tax Payer : Robert Bosch Engineering and Business Solutions Ltd