Rulings ( 10517 results )

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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
Income tax Appellate Tribunal

ITAT: Confirms Sec.10AA deduction on assessee’s voluntary TP-adjustment pursuant to APA

Nov 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-486-ITAT-2024(Bang)-TP
  • Tax Payer : EYGBS (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores TP-adjustment, directs AO/TPO to consider Bilateral-APA & modified return

Nov 19, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-485-ITAT-2024(Bang)-TP
  • Tax Payer : Target Corporation India Pvt Ltd
Supreme Court

SC: Dismisses Revenue’s SLP against HC-order w.r.t DRP's directions on delay & merits

Nov 19, 2024
  • In Favour of Assessee
  • Citation Number : TS-484-SC-2024-TP
  • Tax Payer : VMware Software India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal on issue of final order not in conformity with DRP's directions

Nov 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-484-HC-2024(KAR)-TP
  • Tax Payer : VMware Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: AO's addition u/s.56(1) based on downward TP-adjustment, subsequently deleted, unsustainable

Nov 18, 2024
  • In Favour of Assessee
  • Citation Number : TS-483-ITAT-2024(CHNY)-TP
  • Tax Payer : RKM Powergen Private Limited
High Court

HC: Dismisses Revenue’s appeal on selection of comparables and forex fluctuation

Nov 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-482-HC-2024(DEL)-TP
  • Tax Payer : Freescale Semiconductor India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds benchmarking under TNMM at entity level; Follows Assessee’s earlier order

Nov 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-481-ITAT-2024(Mum)-TP
  • Tax Payer : Hindustan Unilever Limited
High Court

HC: Adjourns Revenue's appeals qua TP-order limitation considering challenge pending before SC

Nov 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-480-HC-2024(BOM)-TP
  • Tax Payer : Dow Agroscience India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds no negative working-capital adjustment for Cognizant Technology, being captive service provider

Nov 14, 2024
  • In Favour of Assessee
  • Citation Number : TS-478-ITAT-2024(CHNY)-TP
  • Tax Payer : Cognizant Technology Solutions India P. Ltd
Income tax Appellate Tribunal

ITAT: Remits issues as Assessee’s evidence not considered by AO/DRP

Nov 14, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-479-ITAT-2024(Mum)-TP
  • Tax Payer : DSV Air & Seas Private Ltd
Income tax Appellate Tribunal

ITAT: Rules against Benetton India; Upholds adjustment qua reimbursement of consultancy expenses

Nov 13, 2024
  • In Favour of Revenue
  • Citation Number : TS-476-ITAT-2024(DEL)-TP
  • Tax Payer : Benetton India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Considers amount payable to AE for adjustment; Adopts LIBOR +200 as interest rate for receivables

Nov 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-477-ITAT-2024(HYD)-TP
  • Tax Payer : SGB Brandsafway Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment, holds Other Method as MAM for benchmarking sale of unique intangibles

Nov 13, 2024
  • In Favour of Assessee
  • Citation Number : TS-475-ITAT-2024(CHANDI)-TP
  • Tax Payer : Parexel International Services India Private Limited
Income tax Appellate Tribunal

ITAT: Holds no separate benchmarking of royalty payment required; Follows Assessee’s earlier order

Nov 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-473-ITAT-2024(Bang)-TP
  • Tax Payer : Toyota Kirloskar Motor P. Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment w.r.t write-off of advances, comparables' selection, outstanding receivables, etc

Nov 12, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-474-ITAT-2024(COCH)-TP
  • Tax Payer : US Technology International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments w.r.t sale of 'call option', purchase of business, interest on CCDs

Nov 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-471-ITAT-2024(Mum)-TP
  • Tax Payer : Indorama Ventures Oxides Ankleshwar Private Limited
Income tax Appellate Tribunal

ITAT: Adopts 0.50% over TPO’s 1.9% as corporate guarantee commission; Deletes adjustment

Nov 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-472-ITAT-2024(VIZ)-TP
  • Tax Payer : 3F Industries Limited
Income tax Appellate Tribunal

ITAT: Finds no error in CIT(A)’s deletion of Sec.271G-penalty for diamond merchant

Nov 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-469-ITAT-2024(Mum)-TP
  • Tax Payer : Parishi Diamonds