Rulings ( 10046 results )
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.
Income tax Appellate Tribunal
ITAT: Upholds comparables selected by TPO/DRP; Remits interest on outstanding receivables
Feb 21, 2024
- In Favour of Both, Partially
- Citation Number : TS-54-ITAT-2024(VIZ)-TP
- Tax Payer : Teejay India Private Limited
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment for AMP expenses alleged as brand promotion; Follows earlier orders
Feb 21, 2024
- In Favour of Assessee
- Citation Number : TS-55-ITAT-2024(CHNY)-TP
- Tax Payer : Hyundai Motor India Limited
High Court
HC: Dismisses Revenue's application since prior appellate order compliant with SAP Labs judgment
Feb 19, 2024
- In Favour of Assessee
- Citation Number : TS-52-HC-2024(BOM)-TP
- Tax Payer : B.P. India Services Pvt. Ltd
High Court
HC: TP adjustment to be restricted to AE-transaction only; Remits matter for consideration of precedents
Feb 19, 2024
- In Favour of Assessee
- Citation Number : TS-51-HC-2024(KAR)-TP
- Tax Payer : Wipro Enterprises Private Limited
Income tax Appellate Tribunal
ITAT: No change in facts to deviate from TNMM to CUP; Confirms rejection of multiple/ prior year data
Feb 16, 2024
- In Favour of Both, Partially
- Citation Number : TS-49-ITAT-2024(VIZ)-TP
- Tax Payer : Teejay India Private Limited
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustments qua Letter of comfort, interest on delayed realization
Feb 16, 2024
- In Favour of Assessee
- Citation Number : TS-50-ITAT-2024(Mum)-TP
- Tax Payer : Tata International Limited
Income tax Appellate Tribunal
ITAT: Rejects assessee’s own recharacterization as distributor, upholds CUP to benchmark API-import
Feb 15, 2024
- In Favour of Both, Partially
- Citation Number : TS-48-ITAT-2024(Mum)-TP
- Tax Payer : Fulford (India) Limited
Income tax Appellate Tribunal
ITAT: Excludes functionally dissimilar comparables, directs AO/TPO to examine working capital adjustment
Feb 15, 2024
- In Favour of Both, Partially
- Citation Number : TS-47-ITAT-2024(VIZ)-TP
- Tax Payer : Brandix Apparel India Private Limited
High Court
HC: Reference to Sec 144C(1) identifies order as draft assessment order
Feb 15, 2024
- In Favour of Revenue
- Citation Number : TS-750-HC-2023(MAD)-TP
- Tax Payer : The Ramco Cements Limited
Income tax Appellate Tribunal
ITAT: Confirms CIT(A)’s deletion of TP-adjustment qua sale of power u/s.80IA; Follows precedents
Feb 14, 2024
- In Favour of Assessee
- Citation Number : TS-46-ITAT-2024(Kol)-TP
- Tax Payer : IFB Agro Industries Ltd
High Court
HC: Dismisses Revenue's appeal against ITAT order quashing time-barred assessment u/s.144C
Feb 14, 2024
- In Favour of Assessee
- Citation Number : TS-45-HC-2024(DEL)-TP
- Tax Payer : Fiberhome India Private Limited
Income tax Appellate Tribunal
ITAT: Holds final order passed by AO beyond limitation u/s.144C as void
Feb 14, 2024
- In Favour of Assessee
- Citation Number : TS-749-ITAT-2023(DEL)-TP
- Tax Payer : Fiberhome India Private Limited
High Court
HC: Confirms exclusion of Modicare, adoption of TNMM for Oriflame India; Applies rule of consistency
Feb 14, 2024
- In Favour of Assessee
- Citation Number : TS-44-HC-2024(DEL)-TP
- Tax Payer : Oriflame India Private Limited
Income tax Appellate Tribunal
ITAT: Remits economic adjustments towards excess depreciation, capacity under-utilization
Feb 13, 2024
- In Favour of Both, Partially
- Citation Number : TS-43-ITAT-2024(Mum)-TP
- Tax Payer : Schott Glass India Pvt Ltd
High Court
HC: Refuses to interfere with ITAT’s deletion of TP-adjustment on purchase, sale transactions
Feb 13, 2024
- In Favour of Assessee
- Citation Number : TS-42-HC-2024(DEL)-TP
- Tax Payer : Fresenius Kabi Oncology Ltd
High Court
HC: Foreign AE can be tested party; Dismisses Revenue’s appeal
Feb 12, 2024
- In Favour of Assessee
- Citation Number : TS-40-HC-2024(CAL)-TP
- Tax Payer : ITC Infotech India Ltd
High Court
HC: Dismisses Revenue's appeal against ITAT's confirmation of 0.5% guarantee commission
Feb 12, 2024
- In Favour of Assessee
- Citation Number : TS-41-HC-2024(CAL)-TP
- Tax Payer : Karam Chand Thapar & Bros. Coal Sales Limited
Income tax Appellate Tribunal
ITAT: Accepts foreign-AE as tested party, deletes other TP-adjustments; Follows earlier order
Feb 12, 2024
- In Favour of Assessee
- Citation Number : TS-941-ITAT-2022(Kol)-TP
- Tax Payer : ITC Infotech India Ltd
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment qua alleged interest receivable on AE-advance, follows earlier order
Feb 09, 2024
- In Favour of Assessee
- Citation Number : TS-38-ITAT-2024(DEL)-TP
- Tax Payer : BSC C&C Joint Venture