Rulings ( 10515 results )

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Income tax Appellate Tribunal

ITAT: No hearing opportunity given to assessee to substantiate RPM as MAM etc., restores TP-adjustment

Jan 09, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-568-ITAT-2024(Bang)-TP
  • Tax Payer : Merit Medical Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds SDT-adjustment impermissible where no benefit granted u/s.80-IC, follows precedent

Jan 09, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-569-ITAT-2024(JPR)-TP
  • Tax Payer : Autolite Manufacturing Ltd
Income tax Appellate Tribunal

ITAT: Rejects Revenue's plea to exclude/include comparables for auto-components manufacturer

Jan 08, 2025
  • In Favour of Assessee
  • Citation Number : TS-565-ITAT-2024(CHNY)-TP
  • Tax Payer : Hwashin Automotive India Private Limited
High Court

HC: Confirms ITAT’s exclusion of comparables providing high-end services vis-a-vis assessee’s limited services

Jan 08, 2025
  • In Favour of Assessee
  • Citation Number : TS-563-HC-2024(DEL)-TP
  • Tax Payer : Fluor Daniel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Outstanding dues beyond agreed credit period a separate international transaction; Remits working capital

Jan 08, 2025
  • In Favour of None/NA
  • Citation Number : TS-564-ITAT-2024(Bang)-TP
  • Tax Payer : Biocon Biologics Limited
Income tax Appellate Tribunal

ITAT: Finds no error apparent from record, refuses to recall order disallowing expenses

Jan 07, 2025
  • In Favour of Revenue
  • Citation Number : TS-560-ITAT-2024(DEL)-TP
  • Tax Payer : A. T. Kearney India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Excludes comparables failing upper turnover filter; Includes comparable passing persistent-loss filter

Jan 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-561-ITAT-2024(CHNY)-TP
  • Tax Payer : Genesys Telecom Labs India Pvt Ltd
Income tax Appellate Tribunal

ITAT: AO not empowered to make royalty-adjustment once DRP finds addition unsustainable

Jan 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-562-ITAT-2024(PUN)-TP
  • Tax Payer : Cummins Generator Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Mentioning wrong name in assessment-order not fatal, upholds Revenue's SBI+100 PLR for loan-interest

Jan 03, 2025
  • In Favour of Revenue
  • Citation Number : TS-558-ITAT-2024(Bang)-TP
  • Tax Payer : Brigade Properties Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t subscription fees, scholarships received / paid by assessee as pass-through entity

Jan 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-559-ITAT-2024(DEL)-TP
  • Tax Payer : RICS India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs AO/TPO to compute PLI considering bad debt expenses as operating expenditure

Jan 02, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-556-ITAT-2024(Bang)-TP
  • Tax Payer : Hitachi Energy Technology Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee’s plea for treating forex loss as non-operating expense; Follows precedent

Jan 02, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-557-ITAT-2024(CHNY)-TP
  • Tax Payer : Doowon Electronics India Private Limited
Income tax Appellate Tribunal

ITAT: Holds trade receivables from AE as international transaction, to be benchmarked separately

Jan 01, 2025
  • In Favour of Revenue
  • Citation Number : TS-554-ITAT-2024(DEL)-TP
  • Tax Payer : Avaya India Private Limited
High Court

HC: Dismisses appeal challenging final assessment-order as withdrawn in light of Sumitomo Corporation India case

Jan 01, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-555-HC-2024(DEL)-TP
  • Tax Payer : Smart Cube India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rectifies Tribunal-order; Remits addition qua professional fee, directs AO to make TPO-reference

Dec 31, 2024
  • In Favour of Revenue
  • Citation Number : TS-551-ITAT-2024(Mum)-TP
  • Tax Payer : DAM Capital Advisors Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua outstanding AE-receivables; Follows precedent

Dec 31, 2024
  • In Favour of Revenue
  • Citation Number : TS-552-ITAT-2024(Bang)-TP
  • Tax Payer : EIT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: TPO/DRP fails to explain rejection of TNMM for technical assistance fees; Rejects Nil ALP

Dec 31, 2024
  • In Favour of Assessee
  • Citation Number : TS-553-ITAT-2024(CHNY)-TP
  • Tax Payer : HSI Automotive Private Limited
Income tax Appellate Tribunal

ITAT: No notional cost for calculating Assessee’s PLI; Accepts LIBOR+200 as interest rate

Dec 30, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-546-ITAT-2024(Bang)-TP
  • Tax Payer : IQVIA Analytics Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP adjustment qua notional interest charged on overdue receivables; Follows precedents

Dec 30, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-547-ITAT-2024(Bang)-TP
  • Tax Payer : Softlayer Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TP adjustment qua outstanding receivables on loans as unsustainable for debt-free assessee

Dec 30, 2024
  • In Favour of Assessee
  • Citation Number : TS-548-ITAT-2024(CHNY)-TP
  • Tax Payer : SAS Hotels & Enterprises Ltd