Rulings ( 10441 results )

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Income tax Appellate Tribunal Latest

ITAT: Rejects TPO’s aggregation approach for benchmarking IGS, considers diversity involved

Mar 25, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-106-ITAT-2025(DEL)-TP
  • Tax Payer : McCann Erickson India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee's appeal against TP-addition qua receipt of commission

Mar 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2025(DEL)-TP
  • Tax Payer : T K Elevators India Private Limited
Income tax Appellate Tribunal

ITAT: Confirms SBI PLR over LIBOR for benchmarking interest on CCDs; Deletes addition

Mar 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-105-ITAT-2025(HYD)-TP
  • Tax Payer : Sanchore Renewable Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua performance guarantee and letter of comfort

Mar 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-104-ITAT-2025(Mum)-TP
  • Tax Payer : Shapoorji Pallonji and Company Private Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO's NIL ALP qua cost-sharing charges absent adoption of any prescribed method

Mar 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-101-ITAT-2025(PUN)-TP
  • Tax Payer : Rehau Polymers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables pertaining to production services and SWD

Mar 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-102-ITAT-2025(Mum)-TP
  • Tax Payer : HERE Solutions India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustment qua AMP expenses, royalty payment, R&D services etc; Follows earlier-orders

Mar 21, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-103-ITAT-2025(Kol)-TP
  • Tax Payer : Reckitt Benckiser (India) Limited
High Court

HC: Disposes Revenue’s appeal challenging ITAT’s order on comparables-selection

Mar 21, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-589-HC-2024(KAR)-TP
  • Tax Payer : Analog Devices India Pvt Ltd
High Court

HC: Opportunity of being heard to assessee an ‘empty formality’; Quashes AO’s reference, PCIT’s approval

Mar 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-100-HC-2025(GUJ)-TP
  • Tax Payer : Axis Bank Limited
High Court

HC: Confirms ITAT’s adoption of TNMM over CUP for benchmarking IGS transaction

Mar 20, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-588-HC-2024(KAR)-TP
  • Tax Payer : Bostik India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables for SWD segment; Remits interest on outstanding receivables

Mar 20, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-98-ITAT-2025(Mum)-TP
  • Tax Payer : Varian Medical Systems International India Private Limited
Income tax Appellate Tribunal

ITAT: Remands Sec. 271(1)(c) penalty issue, considering relief granted by Tribunal while deciding quantum appeal

Mar 20, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-99-ITAT-2025(PUN)-TP
  • Tax Payer : Imsofer Manufacturing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua electricity-transfer; Holds wheeling charges not required to be adjusted

Mar 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-97-ITAT-2025(CHNY)-TP
  • Tax Payer : MRF Limited
Income tax Appellate Tribunal

ITAT: Excludes Tata Elxsi, Infosys etc citing high turnover, huge brand value, functional dissimilarity

Mar 19, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-93-ITAT-2025(HYD)-TP
  • Tax Payer : IVY software Development Services Private Limited
Income tax Appellate Tribunal

ITAT: PCIT cannot substitute TPO's plausible view w.r.t interest on CCDs, quashes revisionary jurisdiction

Mar 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-96-ITAT-2025(DEL)-TP
  • Tax Payer : DLF Midtown P Ltd
Income tax Appellate Tribunal

ITAT: Cannot presume existence of international transaction merely basis 'high intensity of AMP activities'

Mar 19, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-95-ITAT-2025(DEL)-TP
  • Tax Payer : Tupperware India Pvt. Ltd.
High Court

HC: Upholds RPM as MAM, warranty cost claim reimbursed by AE not 'value addition' by assessee

Mar 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-94-HC-2025(DEL)-TP
  • Tax Payer : D Light Energy P. Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates Volvo India's stay petition, directs furnishing bank guarantee for 20% outstanding demand

Mar 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-92-ITAT-2025(Bang)-TP
  • Tax Payer : Volvo Group India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes AO’s order as invalid and barred by limitation; Follows precedents

Mar 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-90-ITAT-2025(DEL)-TP
  • Tax Payer : Adidas India Marketing Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs Revenue to adopt rate under BAPA with UK-AE for transactions with US-AE w.r.t ITES

Mar 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-91-ITAT-2025(Mum)-TP
  • Tax Payer : Vodafone India Services Private Ltd