Rulings ( 10045 results )
Income tax Appellate Tribunal
ITAT: CIT(A) fails to adjudicate various TP grounds on merit; Remits matter
Jun 24, 2024
- In Favour of Assessee
- Citation Number : TS-252-ITAT-2024(HYD)-TP
- Tax Payer : Computer Sciences Corporation India Private Limited
Income tax Appellate Tribunal
ITAT: Dismisses appeals on software services, guarantees and loans; Follows earlier orders
Jun 24, 2024
- In Favour of Both, Partially
- Citation Number : TS-253-ITAT-2024(Mum)-TP
- Tax Payer : Tata Consultancy Services Ltd
High Court
HC: Sets aside order mistakenly formatted as final order; Quashes penalty, demand notice
Jun 24, 2024
- In Favour of Assessee
- Citation Number : TS-755-HC-2023(MAD)-TP
- Tax Payer : GE Power Conversation India Private Limited
High Court
HC: Confirms ITAT’s exclusion of 4 comparables absent question of law
Jun 20, 2024
- In Favour of Assessee
- Citation Number : TS-754-HC-2023(DEL)-TP
- Tax Payer : Reservation Data Maintenance India Pvt. Ltd
High Court
HC: Quashes TPO’s unsigned order barred by limitation and consequent draft assessment order
Jun 20, 2024
- In Favour of Assessee
- Citation Number : TS-251-HC-2024(KAR)-TP
- Tax Payer : Toyota Tausho India Private Limited
High Court
HC: Admits Assessee’s appeal, Tribunal to relook scope and ambit of its power u/s. 254
Jun 20, 2024
- In Favour of Assessee
- Citation Number : TS-753-HC-2023(DEL)-TP
- Tax Payer : UOP India Pvt Ltd
Income tax Appellate Tribunal
ITAT: TPO’s rectification order, assessee’s rejected application for rectification appealable u/s.246A, albeit distinctly
Jun 20, 2024
- In Favour of Both, Partially
- Citation Number : TS-250-ITAT-2024(Kol)-TP
- Tax Payer : Philips India Limited
Income tax Appellate Tribunal
ITAT: Deletes AMP-addition for Nissan Motor India made in conflict with APA
Jun 20, 2024
- In Favour of Assessee
- Citation Number : TS-249-ITAT-2024(CHNY)-TP
- Tax Payer : Nissan Motor India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Directs 6% interest on receivables; Rules on comparables selection
Jun 19, 2024
- In Favour of Both, Partially
- Citation Number : TS-247-ITAT-2024(HYD)-TP
- Tax Payer : Clinasia Labs Private Limited
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment qua interest on NCDs, TPO failed to consider DRP's directions
Jun 19, 2024
- In Favour of Assessee
- Citation Number : TS-248-ITAT-2024(DEL)-TP
- Tax Payer : Amplus Power Solutions P. Ltd
High Court
HC: Dismisses Revenue’s appeal; Confirms restriction of TP adjustment to international transaction only
Jun 18, 2024
- In Favour of Assessee
- Citation Number : TS-752-HC-2023(BOM)-TP
- Tax Payer : Spicer India Ltd
Income tax Appellate Tribunal
ITAT: Excludes comparables under EDS, IT and ITeS segments; Cites financial irregularities, high turnover etc
Jun 18, 2024
- In Favour of Assessee
- Citation Number : TS-245-ITAT-2024(CHNY)-TP
- Tax Payer : Caterpillar India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits ground w.r.t exclusion of comparable noting no independent adjudication by DRP
Jun 18, 2024
- In Favour of Both, Partially
- Citation Number : TS-246-ITAT-2024(Bang)-TP
- Tax Payer : Embassy One Developers Pvt Ltd
Income tax Appellate Tribunal
ITAT: Includes comparables considered in TP study citing failure to explain functional dissimilarity
Jun 17, 2024
- In Favour of Revenue
- Citation Number : TS-244-ITAT-2024(HYD)-TP
- Tax Payer : Oakton Global Technology Services Centre (India) (P) Ltd
Income tax Appellate Tribunal
ITAT: Upholds deletion of AO's addition qua service-charges; Notes TPO's order accepting ALP
Jun 17, 2024
- In Favour of Assessee
- Citation Number : TS-243-ITAT-2024(DEL)-TP
- Tax Payer : Granada Services Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Quashes TPO's order as barred by limitation by 1 day, follows precedents
Jun 14, 2024
- In Favour of Assessee
- Citation Number : TS-240-ITAT-2024(Ahd)-TP
- Tax Payer : Zydus Lifesciences Ltd. (Formerly Known as Cadila Healthcare Ltd.)
Income tax Appellate Tribunal
ITAT: Confirms AO’s order onTP-adjustment qua FOREX gain, engineering services
Jun 14, 2024
- In Favour of Revenue
- Citation Number : TS-242-ITAT-2024(DEL)-TP
- Tax Payer : Inabensa Bharat P. Ltd
Income tax Appellate Tribunal
ITAT: Allows deduction for reimbursement of foreign travel expenses; Highlights breach of APA by AO
Jun 14, 2024
- In Favour of Assessee
- Citation Number : TS-241-ITAT-2024(CHANDI)-TP
- Tax Payer : Fidelity Information Services India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Confirms RPM as MAM for reseller selling goods without value addition
Jun 13, 2024
- In Favour of Assessee
- Citation Number : TS-237-ITAT-2024(DEL)-TP
- Tax Payer : D Light Energy P. Ltd
High Court
HC: Dismisses Revenue’s appeals on profit attribution; Follows principle of consistency
Jun 13, 2024
- In Favour of Assessee
- Citation Number : TS-238-HC-2024(DEL)-TP
- Tax Payer : Lummus Technology Heat Transfer BV