Rulings ( 10045 results )

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Income tax Appellate Tribunal

ITAT: Rules on TP-adjustments qua capital infusion, licensing & custodian fees, loan-interest, etc.

Mar 04, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-76-ITAT-2024(Ahd)-TP
  • Tax Payer : Torrent Pharmaceuticals Ltd
High Court

HC: Non-consideration of submissions is mistake apparent on record; Sets aside Tribunal’s order

Mar 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-75-HC-2024(BOM)-TP
  • Tax Payer : Star India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds higher depreciation under TNMM for newly established company; Rules on comparables

Mar 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-73-ITAT-2024(Kol)-TP
  • Tax Payer : Jamshedpur Continuous Annealing & Processing Company Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua export of formulations, accepts foreign AE as tested party

Mar 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-70-ITAT-2024(Mum)-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua interest on loan; Considers tenure, commercial prudence

Mar 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2024(DEL)-TP
  • Tax Payer : Maharashtra Seamless Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables, TP adjustment on interest, outstanding receivables; Follows earlier order

Mar 01, 2024
  • In Favour of Assessee
  • Citation Number : TS-72-ITAT-2024(Mum)-TP
  • Tax Payer : Varian Medical Systems International India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments w.r.t corporate guarantee fee, loan-interest, expense reimbursement

Feb 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-68-ITAT-2024(Ahd)-TP
  • Tax Payer : Zydus Lifesciences Ltd
High Court

HC: Dismisses Revenue’s appeal against Tribunal’s order on MA u/s 254(2)

Feb 29, 2024
  • In Favour of Assessee
  • Citation Number : TS-69-HC-2024(DEL)-TP
  • Tax Payer : Fiserv India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for interbank indemnities issued by overseas branches, upholds TNMM

Feb 28, 2024
  • In Favour of Assessee
  • Citation Number : TS-67-ITAT-2024(Mum)-TP
  • Tax Payer : The Bank of Nova Scotia
Income tax Appellate Tribunal

ITAT: Remands disallowance computation, cites AO's failure to follow DRP-order in true sense

Feb 28, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-65-ITAT-2024(Mum)-TP
  • Tax Payer : Pacific Internet India Pvt Ltd
High Court

HC: Allows assessee’s writ petition on refund of tax deposited for grant of stay

Feb 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-66-HC-2024(DEL)-TP
  • Tax Payer : Navisite India Pvt. Ltd
High Court

HC: Disposes Revenue's appeal citing expiry of ITAT-order extending stay of demand

Feb 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-64-HC-2024(MAD)-TP
  • Tax Payer : Durr India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua notional interest on outstanding receivables

Feb 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2024(Bang)-TP
  • Tax Payer : Altisource Business Solutions Private Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee's MA seeking rectification of Tribunal order on comparable-selection

Feb 26, 2024
  • In Favour of Revenue
  • Citation Number : TS-61-ITAT-2024(DEL)-TP
  • Tax Payer : Louis Dreyfur Commodities India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs TPO to follow DRP’s directions w.r.t aggregation approach, TNMM application

Feb 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-62-ITAT-2024(Kol)-TP
  • Tax Payer : Linde India Ltd (formerly BOC India Ltd)
Income tax Appellate Tribunal

ITAT: Holds delivery / warranty costs not part of AMP-spend for Amazon India

Feb 26, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-60-ITAT-2024(Bang)-TP
  • Tax Payer : Amazon Seller Services Private Limited
Income tax Appellate Tribunal

ITAT: Grants stay of demand to DLF Midtown w.r.t SDT-adjustment u/s.92BA

Feb 23, 2024
  • In Favour of Assessee
  • Citation Number : TS-59-ITAT-2024(DEL)-TP
  • Tax Payer : DLF Midtown P Ltd
Income tax Appellate Tribunal

ITAT: Deletes addition qua commission on SBLC; Follows earlier order

Feb 23, 2024
  • In Favour of Assessee
  • Citation Number : TS-58-ITAT-2024(DEL)-TP
  • Tax Payer : Bhartiya International Ltd
Income tax Appellate Tribunal

ITAT: Deletes notional interest on outstanding receivables; Follows precedents

Feb 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2024(DEL)-TP
  • Tax Payer : TCI-GO Vacation India Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s MA qua interest on receivables, invoice-wise details not filed earlier

Feb 22, 2024
  • In Favour of Revenue
  • Citation Number : TS-56-ITAT-2024(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.