Rulings ( 11494 results )

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HC: Grants liberty to file fresh petitions qua limitation u/s.144C & 153 considering retro amendment

Apr 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-343-HC-2026(DEL)-TP
  • Tax Payer : WANSHAN MOBILES PVT LTD
Income tax Appellate Tribunal

ITAT: Upholds deletion of adjustment qua 'distress sale', TPO failed to consider Nokia India's 'shut-down'

Apr 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-342-ITAT-2026(CHNY)-TP
  • Tax Payer : BYD India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Extends stay of demand for period of 180 days for PepsiCo India; Considers adjournment of main appeal

Apr 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-341-ITAT-2026(DEL)-TP
  • Tax Payer : PepsiCo India Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MA; Recalls earlier order for adjudicating on comparables under ITeS segment

Apr 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-340-ITAT-2026(DEL)-TP
  • Tax Payer : Agilent Technologies (International) Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal as withdrawn in light of Bilateral APA

Apr 30, 2026
  • In Favour of None/NA
  • Citation Number : TS-339-ITAT-2026(Bang)-TP
  • Tax Payer : AMD India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds CUP as MAM for benchmarking import transaction, deletes adjustment; Follows Cargill ruling

Apr 30, 2026
  • In Favour of Assessee
  • Citation Number : TS-338-ITAT-2026(Mum)-TP
  • Tax Payer : COFCO International India Private Limited
Income tax Appellate Tribunal

ITAT: Finds no merit in assessee’s MA seeking review under garb of Sec. 254(2) rectification

Apr 29, 2026
  • In Favour of Revenue
  • Citation Number : TS-337-ITAT-2026(DEL)-TP
  • Tax Payer : American Express Banking Corp, (India Branch)
Income tax Appellate Tribunal

ITAT: Directs AO to keep outstanding demand in abeyance till appeal disposal

Apr 29, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-336-ITAT-2026(Bang)-TP
  • Tax Payer : Acer India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee's TNMM over CUP for purchase of potatoes, follows rule of consistency

Apr 29, 2026
  • In Favour of Assessee
  • Citation Number : TS-335-ITAT-2026(Ahd)-TP
  • Tax Payer : Asandas & Sons Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables citing huge turnover; Adopts LIBOR+200 bps as interest on receivables

Apr 29, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-332-ITAT-2026(Bang)-TP
  • Tax Payer : ALE India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment, assessee’s debt-free status does not warrant omission of interest on overdue receivables

Apr 29, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-331-ITAT-2026(Bang)-TP
  • Tax Payer : Subex Assurance LLP
Income tax Appellate Tribunal

ITAT: Terms benchmarking interest on CCDs against SBI-PLR or LIBOR with markup as unwarranted

Apr 27, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-330-ITAT-2026(Bang)-TP
  • Tax Payer : Adamas Builders Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes SDT-adjustment; Transaction not within Sec.92BA ambit as assessee/related party claimed no deduction

Apr 27, 2026
  • In Favour of Assessee
  • Citation Number : TS-329-ITAT-2026(Mum)-TP
  • Tax Payer : Siddh Exports LLP
Income tax Appellate Tribunal

ITAT: Rejects Revenue’s segregation approach, accepts TNMM at entity level; Follows earlier order

Apr 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-324-ITAT-2026(DEL)-TP
  • Tax Payer : Juniper Networks Solution India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Holds Mitsubishi Corporation’s Branch Office established in continuation of Liaison Office as PE; Remits matter

Apr 24, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-326-ITAT-2026(DEL)-TP
  • Tax Payer : Mitsubishi Corporation
Income tax Appellate Tribunal

ITAT: Remits assessee’s claim for deduction u/s.80IA; Allows working capital adjustment

Apr 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-325-ITAT-2026(DEL)-TP
  • Tax Payer : Cosmo First Limited
Income tax Appellate Tribunal

ITAT: Remits import duty and working capital adjustments; Restricts TP-adjustment to AE transactions only

Apr 24, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-328-ITAT-2026(Bang)-TP
  • Tax Payer : Pepperl & Fuchs Factory Automation Private Limited
Income tax Appellate Tribunal

ITAT: Rules on issues pertaining to comparable selection and margin computation

Apr 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-327-ITAT-2026(Mum)-TP
  • Tax Payer : Carestream Health India Private Limited
Income tax Appellate Tribunal

ITAT: Characterizes assessee as a low-end, routine service provider, and not a KPO service provider

Apr 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-320-ITAT-2026(Mum)-TP
  • Tax Payer : Go Global India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment w.r.t provision of publishing support services; Grants working-capital adjustment

Apr 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-323-ITAT-2026(Mum)-TP
  • Tax Payer : Packt Publishing Private Limited