Rulings ( 10341 results )

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Income tax Appellate Tribunal Latest

ITAT: Sec.92BA applicability independent from deduction-claim u/s.80-IA, upholds SDT-adjustment

Jan 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-18-ITAT-2025(HYD)-TP
  • Tax Payer : Sanghi Industries Limited
Supreme Court

SC: Dismisses Amadeus India’s SLP w.r.t AMP adjustment on ground of delay

Jan 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-16-SC-2025-TP
  • Tax Payer : AMADEUS INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed in name of non-existent merged company

Jan 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-17-ITAT-2025(DEL)-TP
  • Tax Payer : Mentor Graphics (Noida) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs TPO to benchmark interest on debentures based on comparable international transactions

Jan 22, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-14-ITAT-2025(CHNY)-TP
  • Tax Payer : Sundram Fasteners Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to comply with DRP’s direction granting ± 3% adjustment; Remits issue

Jan 22, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-15-ITAT-2025(Ahd)-TP
  • Tax Payer : HITACHI HI REL POWER ELECTRONICS PVT LTD
High Court

HC: Affirms deletion of adjustment qua transfer of power, refers to Jindal Steel SC-ruling

Jan 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-13-HC-2025(DEL)-TP
  • Tax Payer : DCM Shriram Ltd
Income tax Appellate Tribunal

ITAT: Remits plea related to treatment of warranty provision written back as operating in nature

Jan 21, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-11-ITAT-2025(Mum)-TP
  • Tax Payer : Sirona Dental Systems Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A) applying LIBOR as interest rate on outstanding receivables

Jan 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-12-ITAT-2025(CHNY)-TP
  • Tax Payer : Saipem India Projects Limited
High Court

HC: Assessment on non-existent entity, a fatal flaw, cannot be rescued u/s 292B; Distinguishes Sky Light decision

Jan 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-10-HC-2025(DEL)-TP
  • Tax Payer : Vedanta Ltd
Income tax Appellate Tribunal

ITAT: DRP not empowered to consider issues where no variation is proposed in draft order

Jan 17, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-08-ITAT-2025(PUN)-TP
  • Tax Payer : Qubix Business Park Private Limited
Income tax Appellate Tribunal

ITAT: Directs TPO to include Magma Advisory basis not a loss-making company

Jan 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-09-ITAT-2025(DEL)-TP
  • Tax Payer : Honda R & D (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Revenue cannot presume, impose mark-up on 'negative services' or expenses for shutting business

Jan 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-07-ITAT-2025(DEL)-TP
  • Tax Payer : Motricity India Private Limited
Income tax Appellate Tribunal

ITAT: Incorrect addition by treating reimbursement as income under Article 13 of DTAA

Jan 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-05-ITAT-2025(Mum)-TP
  • Tax Payer : ISS AS, DENMARK
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s deletion of Sec.271G penalty, considers HC decision quashing assessment order

Jan 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-06-ITAT-2025(PUN)-TP
  • Tax Payer : Undercarriage and Tractor Parts Pvt Ltd
High Court

HC: Adjudicates FabIndia's writ, notes Revenue misconstrued ITAT's direction to 'decide afresh'

Jan 16, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-576-HC-2024(DEL)-TP
  • Tax Payer : Fab India Overseas Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Grants stay of demand considering prima facie case, payment of 20% of demand

Jan 15, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-03-ITAT-2025(DEL)-TP
  • Tax Payer : OSG Minerals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs TPO to verify documentary evidence for deciding aggregation approach

Jan 15, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-575-ITAT-2024(HYD)-TP
  • Tax Payer : Zuari Cement Ltd.
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables in SWD segment basis functional dissimilarity; Follows precedents

Jan 15, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-04-ITAT-2025(Mum)-TP
  • Tax Payer : HERE Solutions India Private Limited
Income tax Appellate Tribunal

ITAT: Grants partial stay on demand arising out of TP adjustments, subject to payment of 20% of demand

Jan 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-571-ITAT-2024(DEL)-TP
  • Tax Payer : Honda R&D India P. Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment w.r.t interest on loan, holds corporate guarantee as international transaction

Jan 14, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-572-ITAT-2024(CHNY)-TP
  • Tax Payer : Sundram Fasteners Ltd