Rulings ( 10730 results )

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Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee commission at 0.50% instead of 1.82%

Jun 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-353-ITAT-2025(Kol)-TP
  • Tax Payer : Mcleod Russel India Limited
High Court

HC: Limitation u/s 144C(13) reckons from date DRP directions become visible to AO, not ITBA upload

Jun 20, 2025
  • In Favour of Revenue
  • Citation Number : TS-352-HC-2025(MAD)-TP
  • Tax Payer : Extreme Networks India Pvt Ltd
High Court

HC: States that DIN was subsequently interpolated in DRP-proceedings, imposes 1 lakh costs on Revenue

Jun 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-350-HC-2025(MAD)-TP
  • Tax Payer : Sutherland Global Services Inc.
Income tax Appellate Tribunal

ITAT: Directs margin recomputation by adopting annual report; Restricts interest on loan to 9%

Jun 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-346-ITAT-2025(RAN)-TP
  • Tax Payer : Usha Martin Limited (Earlier known as Usha Beltron Limited)
Income tax Appellate Tribunal

ITAT: Accepts foreign AE as tested party; Rejects persistent loss-making & employee cost filters

Jun 18, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-347-ITAT-2025(CHNY)-TP
  • Tax Payer : OrangeScape Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Precondition of existence of 'arrangement' unfulfilled, proviso to Sec.80IA(10) not applicable

Jun 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-348-ITAT-2025(Mum)-TP
  • Tax Payer : KBS Creations
Income tax Appellate Tribunal

ITAT: Remits ALP determination of management fee charges; Directs DRP to adjudicate afresh

Jun 17, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-343-ITAT-2025(Bang)-TP
  • Tax Payer : WeWork India Management P Ltd
Income tax Appellate Tribunal

ITAT: Accepts TNMM over hypothetical CUP for benchmarking IGS; Follows earlier orders

Jun 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-344-ITAT-2025(Bang)-TP
  • Tax Payer : Bostik India Private Limited
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as international transaction; Determines guarantee fee at 0.5%

Jun 17, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-345-ITAT-2025(Kol)-TP
  • Tax Payer : Tega Industries Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment w.r.t R&D expenses, notes no transfer of technology/benefit to AE

Jun 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-342-ITAT-2025(RAN)-TP
  • Tax Payer : Tata Cummins Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua global client management fees, follows earlier orders

Jun 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-341-ITAT-2025(Mum)-TP
  • Tax Payer : ISS Facility Services India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment w.r.t interest to consider currency in which loan will be repaid

Jun 16, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-340-ITAT-2025(Mum)-TP
  • Tax Payer : Gemini Property Developers India LLP
Income tax Appellate Tribunal

ITAT: Deemed-AE relationship ceasing due to common director's share-sale / resignation not 'business restructuring'

Jun 16, 2025
  • In Favour of Assessee
  • Citation Number : TS-339-ITAT-2025(CHNY)-TP
  • Tax Payer : Inlogic Technologies Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits adjustment qua marketing services fee, restricts guarantee-fee adjustment to loan-amount utilized

Jun 13, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-337-ITAT-2025(CHNY)-TP
  • Tax Payer : Financial Software and Systems Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows 80IA deduction for transfer value of power by CPPs to manufacturing unit

Jun 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-338-ITAT-2025(Kol)-TP
  • Tax Payer : Phillips Carbon Black Ltd
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s deletion of TP-adjustment qua corporate guarantee, trade receivables; Follows earlier orders

Jun 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-336-ITAT-2025(VIZ)-TP
  • Tax Payer : CCL Products (India) Limited
High Court

HC: Dismisses Revenue’s appeal on power transfer, as covered by assessee’s earlier orders

Jun 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-333-HC-2025(CAL)-TP
  • Tax Payer : Birla Corporation Limited
Income tax Appellate Tribunal

ITAT: Upholds assessee's SBI-PLR over TPO's 'masala bond' rate for benchmarking interest on ECB

Jun 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-334-ITAT-2025(HYD)-TP
  • Tax Payer : Electronics Arts Games (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes amortization of goodwill from operating expenditure; Rules on comparables

Jun 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-335-ITAT-2025(CHNY)-TP
  • Tax Payer : Hitachi Solutions India Private Limited
Income tax Appellate Tribunal

ITAT: TPO erred in using average PLI amid auto-industry slowdown; Directs equitable comparison

Jun 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-332-ITAT-2025(CHNY)-TP
  • Tax Payer : Brakes India Pvt Ltd