Rulings ( 10515 results )

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Income tax Appellate Tribunal

ITAT: Special Bench holds transaction between foreign enterprise and Indian PE as international transaction

Dec 05, 2024
  • In Favour of Revenue
  • Citation Number : TS-508-ITAT-2024(Ahd)-TP
  • Tax Payer : TBEA Shenyang Transformer Group Company Limited
High Court

HC: Upholds RPM as MAM for import of finished goods for Burberry India

Dec 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-505-HC-2024(DEL)-TP
  • Tax Payer : Burberry India Pvt Ltd
High Court

HC: Upholds Birlasoft’s benchmarking of STP units at entity level, no functional difference in transactions

Dec 03, 2024
  • In Favour of Assessee
  • Citation Number : TS-504-HC-2024(DEL)-TP
  • Tax Payer : Birlasoft Pvt Ltd
High Court

HC: Whopping Rs. 3000 cr TP addition on Samsung; HC directs expeditious disposal of stay application

Dec 03, 2024
  • In Favour of Assessee
  • Citation Number : TS-503-HC-2024(DEL)-TP
  • Tax Payer : Samsung India Electronics Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s deletion of TP-adjustment qua management service charges

Dec 02, 2024
  • In Favour of Assessee
  • Citation Number : TS-500-ITAT-2024(Ahd)-TP
  • Tax Payer : Schaeffler India Limited
Income tax Appellate Tribunal

ITAT: Remands comparables selection, predecessor's order cannot be sole basis for CIT(A)'s decision

Dec 02, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-502-ITAT-2024(PUN)-TP
  • Tax Payer : Renishaw Metrology Systems Ltd
Income tax Appellate Tribunal

ITAT: Upholds Revenue's aggregation of segments, deletes AMP adjustment for Ford India

Nov 29, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-501-ITAT-2024(CHNY)-TP
  • Tax Payer : Ford India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Charges 0.50% fee for corporate guarantee, follows Assessee’s earlier order

Nov 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-498-ITAT-2024(VIZ)-TP
  • Tax Payer : 3F Industries Limited
Income tax Appellate Tribunal

ITAT: Applies 10 times turnover filter & 6% on deferred receivables; Follows earlier order

Nov 27, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-499-ITAT-2024(HYD)-TP
  • Tax Payer : Benu Networks Packet Switch Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses Assessee’s appeal as withdrawn as issues covered in APA

Nov 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-497-ITAT-2024(Mum)-TP
  • Tax Payer : Deutsche India Pvt Ltd (Formerly DBOI Global Services Ltd)
Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee rate at 0.5% as been settled over period of time

Nov 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-496-ITAT-2024(Kol)-TP
  • Tax Payer : EIH Limited
High Court

HC: Remits issue w.r.t inclusion of comparable, assessee's contention qua functional dissimilarity not considered

Nov 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-495-HC-2024(DEL)-TP
  • Tax Payer : Sequential Technology International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables' selection, treatment of written-back liabilities, economic adjustments, etc.

Nov 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-494-ITAT-2024(DEL)-TP
  • Tax Payer : Imsofer Manufacturing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside time-barred assessment-order, considers date of uploading DRP order

Nov 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-492-ITAT-2024(DEL)-TP
  • Tax Payer : Hyundai Rotem Company Indian Project Offices
Income tax Appellate Tribunal

ITAT: Admits assessee’s additional evidence regarding rendition of IGS; Remits issue

Nov 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-493-ITAT-2024(DEL)-TP
  • Tax Payer : Axalta Coating Systems India Pvt Ltd
Supreme Court

SC: Copy of SC order dismissing Revenue's SLP finding no international transaction involving AMP expenses in case of Whirlpool India

Nov 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-491-SC-2024-TP
  • Tax Payer : Whirlpool of India Ltd
Income tax Appellate Tribunal

ITAT: Allows Assessee's miscellaneous application, sets aside working capital adjustment

Nov 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-490-ITAT-2024(Bang)-TP
  • Tax Payer : Toyota Tsusho India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows stay-application filed by Volvo Group India; Directs AO to keep outstanding demand in abeyance

Nov 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-489-ITAT-2024(Bang)-TP
  • Tax Payer : Volvo Group India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Differs from earlier-AY, share-based compensation not operating expense for Amazon India

Nov 21, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-488-ITAT-2024(Bang)-TP
  • Tax Payer : Amazon Seller Services Private Limited
Income tax Appellate Tribunal

ITAT: Remits transaction w.r.t outstanding trade receivables for fresh adjudication

Nov 20, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-487-ITAT-2024(Bang)-TP
  • Tax Payer : IHS Global Private Limited