Rulings ( 10283 results )

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Income tax Appellate Tribunal Latest

ITAT: Remits TP-adjustment qua corporate services; Assessee to substantiate rendition of services

Dec 23, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-532-ITAT-2024(Bang)-TP
  • Tax Payer : Bosch Automotive Electronics India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment for L’Oreal India; Follows earlier-order

Dec 23, 2024
  • In Favour of Assessee
  • Citation Number : TS-534-ITAT-2024(Mum)-TP
  • Tax Payer : L’oreal India Pvt. Ltd
High Court

HC: Sets aside AO’s order, passed after ITAT's remand, without passing draft order u/s.144C

Dec 23, 2024
  • In Favour of Assessee
  • Citation Number : TS-533-HC-2024(P & H)-TP
  • Tax Payer : Mavenir India pvt ltd
Income tax Appellate Tribunal

ITAT: Rejects recharacterization of CCDs as equity, holds assessee's 11% coupon rate at ALP

Dec 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-531-ITAT-2024(CHNY)-TP
  • Tax Payer : Stahl India Pvt Ltd
High Court

HC: Holds further proceedings u/s.153 time-barred, no order passed after ITAT's remand

Dec 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-529-HC-2024(DEL)-TP
  • Tax Payer : Huawei Telecommunications (India) Company Private Limited
High Court

HC: Sets aside DRP and AO’s orders; Directs TPO to consider APA resolution entered into by assessee

Dec 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-530-HC-2024(DEL)-TP
  • Tax Payer : Steelcase Asia Pacific Holdings India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects Shell Global BV's arguments qua base-erosion, mirror-ALP; Follows Instrumentarium SB decision

Dec 20, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-528-ITAT-2024(Ahd)-TP
  • Tax Payer : Shell Global Solutions International BV
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal challenging comparable-selection, not granting of custom duty adjustment

Dec 19, 2024
  • In Favour of Revenue
  • Citation Number : TS-526-ITAT-2024(CHNY)-TP
  • Tax Payer : Leitwind Shriram Manufacturing Ltd
High Court

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

Dec 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-527-HC-2024(DEL)-TP
  • Tax Payer : Jackson Square Aviation Ireland Limited
Income tax Appellate Tribunal

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

Dec 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-524-ITAT-2024(Ahd)-TP
  • Tax Payer : Priya Blue Recycling LLP
Income tax Appellate Tribunal

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

Dec 18, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-525-ITAT-2024(Bang)-TP
  • Tax Payer : Concur Technologies India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua sale of goods through AE, assessee demonstrated interest-saving benefit

Dec 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-523-ITAT-2024(Mum)-TP
  • Tax Payer : Rallis India Limited
Income tax Appellate Tribunal

ITAT: Rejects Revenue's treatment of corporate-guarantee invoked by third-party bank as loan

Dec 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-522-ITAT-2024(DEL)-TP
  • Tax Payer : JE Energy Ventures Private Limited
Income tax Appellate Tribunal

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

Dec 17, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-520-ITAT-2024(Bang)-TP
  • Tax Payer : Robert Bosch Engineering and Business Solutions Ltd
Income tax Appellate Tribunal

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

Dec 17, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-521-ITAT-2024(CHNY)-TP
  • Tax Payer : Iljin Automotive P. Ltd
Income tax Appellate Tribunal

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

Dec 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-518-ITAT-2024(Mum)-TP
  • Tax Payer : Ankit Gems Pvt Ltd
Income tax Appellate Tribunal

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

Dec 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2024(DEL)-TP
  • Tax Payer : Humboldt Wedag India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Failure to pass draft order offends Article 14 of Constitution, infringes 'rule of law'

Dec 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-517-ITAT-2024(CHNY)-TP
  • Tax Payer : Armstrong International Private Limited
Income tax Appellate Tribunal

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

Dec 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-515-ITAT-2024(Mum)-TP
  • Tax Payer : Rosy Blue (India) Pvt. Ltd
Income tax Appellate Tribunal

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

Dec 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-516-ITAT-2024(HYD)-TP
  • Tax Payer : Erstwhile Amalgamating Company Sitapuram Power Limited