Rulings ( 10049 results )

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Income tax Appellate Tribunal

ITAT: Excludes comparables failing upper turnover filter; Follows precedent

Jan 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-08-ITAT-2024(Bang)-TP
  • Tax Payer : Marvell India Pvt Ltd
High Court

HC: Remits matter to CIT(A) to examine selection of MAM, comparables, etc.

Jan 17, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-743-HC-2023(DEL)-TP
  • Tax Payer : Bombardier Transportation India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal challenging AMP-adjustment deletion in case of Sony India

Jan 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-742-HC-2023(DEL)-TP
  • Tax Payer : Sony India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes TPO’s time-barred order, final assessment order; Follows earlier AY

Jan 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-02-ITAT-2024(Mum)-TP
  • Tax Payer : Atos India P Ltd
Income tax Appellate Tribunal

ITAT: Assessee’s margins within tolerance limit of +/-5% in ITeS/IT segments; Deletes TP-adjustments

Jan 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-07-ITAT-2024(Mum)-TP
  • Tax Payer : Excult Client Services I P Ltd
High Court

HC: Draft assessment-order passed without considering assessee’s reply violates Sec.144B; Sets aside entire proceedings

Jan 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-741-HC-2023(MAD)-TP
  • Tax Payer : CPF (INDIA) Private Limited
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustments qua bareboat charter, negative lien; Follows earlier orders

Jan 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-06-ITAT-2024(Mum)-TP
  • Tax Payer : Essar Shipping Limited
Income tax Appellate Tribunal

ITAT: Quashes time-barred assessment-order upon examining delivery date of DRP's directions

Jan 12, 2024
  • In Favour of Assessee
  • Citation Number : TS-05-ITAT-2024(Mum)-TP
  • Tax Payer : Lubrizol Advanced Materials India Private Limited
Income tax Appellate Tribunal

ITAT: Remits selection of comparables as per correct market segment; Follows earlier-order

Jan 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-03-ITAT-2024(DEL)-TP
  • Tax Payer : American Express Services India Ltd
High Court

HC: Quashes assessment order passed unaware of objections filed before DRP

Jan 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-04-HC-2024(MAD)-TP
  • Tax Payer : PAR Formulations Private Limited
Income tax Appellate Tribunal

ITAT: Refuses to interfere with PCIT's order directing AO to make TPO-reference

Jan 10, 2024
  • In Favour of None/NA
  • Citation Number : TS-739-ITAT-2023(DEL)-TP
  • Tax Payer : Richa & Co
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for power sold by CPPs to manufacturing units; Follows earlier order

Jan 10, 2024
  • In Favour of Assessee
  • Citation Number : TS-740-ITAT-2023(Kol)-TP
  • Tax Payer : Rungta Mines Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s additional lower-turnover filter which resulted in cherrypicking comparables

Jan 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-737-ITAT-2023(Mum)-TP
  • Tax Payer : DNV Business Assurance India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds ALP for captive power units at SEB purchase rate, Follows precedents

Jan 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-738-ITAT-2023(Kol)-TP
  • Tax Payer : Rungta Mines Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT’s BLT-rejection in RayBan's case

Jan 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-736-HC-2023(DEL)-TP
  • Tax Payer : RayBan Sun Optics India Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua commission on SBLC, notes no cost borne by assessee

Jan 08, 2024
  • In Favour of Assessee
  • Citation Number : TS-01-ITAT-2024(DEL)-TP
  • Tax Payer : Bhartiya International Ltd
Income tax Appellate Tribunal

ITAT: Quashes draft assessment-order passed with demand, penalty notices; Cites Sec.144C violation

Jan 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-733-ITAT-2023(Mum)-TP
  • Tax Payer : Teleperformance Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Holds CIT(A) not empowered u/s 251 to dismiss appeal for non-prosecution

Jan 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-735-ITAT-2023(DEL)-TP
  • Tax Payer : DSI – Bridgecon India Private Limited
Income tax Appellate Tribunal

ITAT: AO cannot levy Sec.271(1)(c) penalty qua fresh TP-addition made by CIT(A)

Jan 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-734-ITAT-2023(Mum)-TP
  • Tax Payer : Procter & Gamble Hygiene and Health Care Limited
Income tax Appellate Tribunal

ITAT: Cannot view interest-free loans without considering benefit derived by assessee

Jan 04, 2024
  • In Favour of Assessee
  • Citation Number : TS-732-ITAT-2023(Ahd)-TP
  • Tax Payer : Rubamim Limited