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Income tax Appellate Tribunal Latest

ITAT: Rules on margin computation and comparables selection in case of Pfizer Products India

Feb 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-53-ITAT-2025(Mum)-TP
  • Tax Payer : Pfizer Products India Private Limited
High Court

HC: Remits corporate guarantee commission issue to be decided in light of SC ruling on SAP Labs

Feb 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-54-HC-2025(BOM)-TP
  • Tax Payer : Piramal Glass Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment w.r.t administrative support services segment; Follows earlier order

Feb 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-51-ITAT-2025(DEL)-TP
  • Tax Payer : Corteva Agriscience India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs exclusion of Persistent Systems on account of functional dissimilarity; Follows assessee’s earlier order

Feb 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-52-ITAT-2025(DEL)-TP
  • Tax Payer : Fiserv India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables basis Assessee succeeded on this issue earlier

Feb 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-49-ITAT-2025(DEL)-TP
  • Tax Payer : BT E Serv India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order as time-barred; Follows Honda R&D ruling

Feb 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-50-ITAT-2025(DEL)-TP
  • Tax Payer : BBC World Service India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Vodafone-Digilink's arbitrary recharacterization as mere distributor, deletes AMP-adjustment

Feb 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-48-ITAT-2025(Mum)-TP
  • Tax Payer : Vodafone Digilink Ltd
Income tax Appellate Tribunal

ITAT: Directs AO/TPO to consider TP study report for de novo order u/s. 92CA

Feb 17, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-47-ITAT-2025(DEL)-TP
  • Tax Payer : Senatech India Pvt Ltd
High Court

HC: No further profit attributable to Adobe's Indian entity as transaction at ALP, follows precedent

Feb 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-45-HC-2025(DEL)-TP
  • Tax Payer : Adobe Systems Software Ireland Limited
High Court

HC: Upholds deletion of TP-addition qua expatriate-cost reimbursement, royalty-payment for Benetton India

Feb 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-46-HC-2025(DEL)-TP
  • Tax Payer : Benetton India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes Sec.263-order; Corporate-guarantee issue debatable, final assessment order conformed to DRP-directions

Feb 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-43-ITAT-2025(HYD)-TP
  • Tax Payer : Cambridge Technology Enterprises Ltd
High Court

HC: Dismisses Revenue's appeal against ITAT-order w.r.t disallowance of management fees

Feb 14, 2025
  • In Favour of Assessee
  • Citation Number : TS-44-HC-2025(CAL)-TP
  • Tax Payer : Apollo Gleneagles Hospitals Ltd
Income tax Appellate Tribunal

ITAT: SB rules in assessees' favour, upholds PLR over LIBOR for benchmarking interest on debentures

Feb 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-42-ITAT-2025(HYD)-TP
  • Tax Payer : Hyderabad Infratech Pvt Ltd
High Court

HC: Stressing on ‘importance of time’, holds AO’s order barred by limitation; Follows precedents

Feb 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-41-HC-2025(BOM)-TP
  • Tax Payer : Sterling Oil Resources Ltd
High Court

HC: Resolution under MAP by consent, cannot be extrapolated to transactions not subject to MAP

Feb 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-40-HC-2025(DEL)-TP
  • Tax Payer : AON Consulting Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects aggregation approach, remits IGS-adjustment citing lack of supporting documents

Feb 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-38-ITAT-2025(Bang)-TP
  • Tax Payer : Caterpillar Financial Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts guarantee commission @ 0.50%, upholds royalty adjustment, remits AMP-adjustment

Feb 11, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-39-ITAT-2025(CHNY)-TP
  • Tax Payer : TVS Motor Company Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment w.r.t interest on outstanding receivables, follows Kusum Healthcare ratio

Feb 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-36-ITAT-2025(DEL)-TP
  • Tax Payer : Brake Parts India Private Limited
Income tax Appellate Tribunal

ITAT: NIL ALP of management-fee payment would lead to tax-base erosion, deletes TP-addition

Feb 10, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-37-ITAT-2025(Mum)-TP
  • Tax Payer : NGA HR (India) Private Limited
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s determination of corporate-guarantee commission at 0.41%, subsequent adjustment deletion

Feb 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-33-ITAT-2025(Mum)-TP
  • Tax Payer : Greatship (India) Ltd