Rulings ( 10522 results )

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High Court

HC: Allows assessee's appeal; Excludes TCS E-Serve, Infosys from list of comparables

Oct 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-453-HC-2024(DEL)-TP
  • Tax Payer : Cadence Design Systems India Pvt Ltd
High Court

HC: Dismisses Revenue's appeal, no material difference in facts of earlier AY qua TP-adjustment

Oct 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-450-HC-2024(DEL)-TP
  • Tax Payer : Esys Information Technologies Ltd
High Court

HC: 'Other Method' available only if other methods not most appropriate, upholds assessee's TNMM

Oct 24, 2024
  • In Favour of Assessee
  • Citation Number : TS-451-HC-2024(DEL)-TP
  • Tax Payer : SABIC INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Allows bifurcation of manufacturing and trading segments; Follows Assessee's earlier order

Oct 23, 2024
  • In Favour of Assessee
  • Citation Number : TS-449-ITAT-2024(CHNY)-TP
  • Tax Payer : Triumph International (India) Pvt Ltd
High Court

HC: Disposes Revenue’s appeal w.r.t treatment of foreign-AE as tested party

Oct 23, 2024
  • In Favour of Assessee
  • Citation Number : TS-448-HC-2024(DEL)-TP
  • Tax Payer : Esys Information Technologies Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables' selection, treats forex gain as operating, remits depreciation adjustment

Oct 21, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-447-ITAT-2024(DEL)-TP
  • Tax Payer : Yutaka Autoparts India Pvt Ltd
High Court

HC: No question of law arises on disallowance for royalty paid; Upholds ITAT’s order

Oct 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-445-HC-2024(DEL)-TP
  • Tax Payer : Sony India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Operation/maintenance of regasification terminal different from regasification services, remits ALP-determination

Oct 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-444-ITAT-2024(Ahd)-TP
  • Tax Payer : Shell Energy India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside order confirming Sec.271G-penalty, directs CIT(A) to pass speaking order

Oct 18, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-442-ITAT-2024(DEL)-TP
  • Tax Payer : Assotech Moonshine Urban Developers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits royalty adjustment qua non-UK AE, follows earlier order w.r.t non-application of UK-MAP

Oct 18, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-443-ITAT-2024(DEL)-TP
  • Tax Payer : JCB India Ltd
Income tax Appellate Tribunal

ITAT: No separate benchmarking required for royalty payment, follows earlier order

Oct 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-440-ITAT-2024(Bang)-TP
  • Tax Payer : Toyota Kirloskar Motors Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay, notes TP-adjustment made to entire turnover in construction-equipment segment

Oct 17, 2024
  • In Favour of Assessee
  • Citation Number : TS-441-ITAT-2024(Bang)-TP
  • Tax Payer : Volvo CE India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua IT consultancy charges, guarantee fee; Follows earlier orders

Oct 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-438-ITAT-2024(Ahd)-TP
  • Tax Payer : Hagglunds Drives (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables on failing upper turnover filter; Follows earlier order

Oct 16, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-439-ITAT-2024(Bang)-TP
  • Tax Payer : Marvell India Pvt Ltd
High Court

HC: Sets aside ITAT's order on comparables' selection; Remits Assessee’s objections for fresh consideration

Oct 16, 2024
  • In Favour of Assessee
  • Citation Number : TS-437-HC-2024(DEL)-TP
  • Tax Payer : Alcatel Lucent India Limited
Income tax Appellate Tribunal

ITAT: Grants stay to Xiaomi Technology on outstanding demand for 180 days

Oct 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-436-ITAT-2024(Bang)-TP
  • Tax Payer : Xiaomi Technology India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Confirms TPO's 1% guarantee-commission, rejects assessee's plea for restricting adjustment to 0.5%

Oct 15, 2024
  • In Favour of Assessee
  • Citation Number : TS-435-ITAT-2024(Bang)-TP
  • Tax Payer : DTDC Express Ltd
Income tax Appellate Tribunal

ITAT: Deletes interest on share-application money, delay in allotment not assessee's fault

Oct 11, 2024
  • In Favour of Assessee
  • Citation Number : TS-433-ITAT-2024(Mum)-TP
  • Tax Payer : Aries Agro Ltd
Income tax Appellate Tribunal

ITAT: Holds turnover as relevant criteria for comparable-selection; Accepts interest on receivables @LIBOR+200

Oct 11, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-434-ITAT-2024(HYD)-TP
  • Tax Payer : OSI Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Finds CIT(A)'s observations qua TP-issues unnecessary, allows management fee deduction u/s.37

Oct 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-431-ITAT-2024(CHNY)-TP
  • Tax Payer : SPi Technologies India Private Ltd