Rulings ( 10500 results )

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Income tax Appellate Tribunal

ITAT: Directs AO/TPO to redetermine ALP by applying RPM, not TNMM as MAM

Apr 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-126-ITAT-2025(DEL)-TP
  • Tax Payer : Knauf India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes/Excludes comparables for BPO services, considers forex gains as operating income

Apr 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-127-ITAT-2025(DEL)-TP
  • Tax Payer : Cvent India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to give effect to TPO’s rectification-order rejecting companies failing RPT filter

Apr 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-124-ITAT-2025(DEL)-TP
  • Tax Payer : Inter Continental Hotels Group (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes adhoc income attribution to PE citing AO’s failure to carry out FAR analysis

Apr 02, 2025
  • In Favour of Assessee
  • Citation Number : TS-123-ITAT-2025(Mum)-TP
  • Tax Payer : Fincantieri SPA Italiani SPA Trieste (TS)
Income tax Appellate Tribunal

ITAT: TPO's order in non-existent entity's name, despite assessee's multiple letters, is a nullity

Apr 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-120-ITAT-2025(PUN)-TP
  • Tax Payer : Capgemini Technology Services India Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables' selection for printing-ink manufacturer, notes various uses of ink

Apr 01, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-121-ITAT-2025(Kol)-TP
  • Tax Payer : DIC India Limited
Income tax Appellate Tribunal

ITAT: Penalty levied u/s.271AA inapplicable; Assessee offers sufficient explanation for difference in valuation

Apr 01, 2025
  • In Favour of Assessee
  • Citation Number : TS-122-ITAT-2025(DEL)-TP
  • Tax Payer : Sarens Heavy Lift India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes IGS adjustment; Remits ALP-determination on fixed asset purchase

Mar 31, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-118-ITAT-2025(DEL)-TP
  • Tax Payer : Bio-Red Laboratories (India) P Ltd
Income tax Appellate Tribunal

ITAT: Discards lower authorities’ rejection of TNMM for benchmarking support services payment transaction

Mar 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-119-ITAT-2025(CHNY)-TP
  • Tax Payer : YCH Logistics India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects Revenue's separate benchmarking for closely-linked transactions substantially emanating from common agreement

Mar 28, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-116-ITAT-2025(DEL)-TP
  • Tax Payer : YKK India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua management fee; Follows earlier order

Mar 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-117-ITAT-2025(Mum)-TP
  • Tax Payer : NGA HR (India) Private Limited
High Court

HC: Remits ALP determination to Tribunal with a direction to consider SAP Labs decision

Mar 28, 2025
  • In Favour of Revenue
  • Citation Number : TS-115-HC-2025(BOM)-TP
  • Tax Payer : Jacobs Engineering India Private Limited
Income tax Appellate Tribunal

ITAT: Holds assessment-order passed in name of non-existent company as invalid; Quashes same

Mar 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-114-ITAT-2025(PUN)-TP
  • Tax Payer : Liquidhub Analytics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits MAM-selection; Directs AO/TPO to consider assessee’s FAR under trading, manufacturing segments

Mar 27, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-113-ITAT-2025(Mum)-TP
  • Tax Payer : Roechling Industrial India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes addition w.r.t interest on receivables; No benefit passed on to AE by assessee

Mar 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-112-ITAT-2025(DEL)-TP
  • Tax Payer : Standard and Poors South Asia Services Private Ltd
Income tax Appellate Tribunal

ITAT: Pre-2017 guarantee commission not covered by India-Mauritius DTAA, cannot be taxed in India; Deletes TP-adjustment

Mar 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-111-ITAT-2025(Mum)-TP
  • Tax Payer : DMI Limited
High Court

HC: Rejecting AO's defence of being 'unaware' of DRP pendency, quashes assessment order

Mar 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-110-HC-2025(TEL)-TP
  • Tax Payer : GC India Dental Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables engaged in drug-discovery, deletes IGS and AMP-expenses additions

Mar 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-109-ITAT-2025(Kol)-TP
  • Tax Payer : Philips India Limited
Supreme Court

SC: Dismisses Revenue’s application seeking condonation of delay along with SLP in case of Cummins India

Mar 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-108-SC-2025-TP
  • Tax Payer : Cummins India Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO’s aggregation approach for benchmarking IGS, considers diversity involved

Mar 25, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-106-ITAT-2025(DEL)-TP
  • Tax Payer : McCann Erickson India Pvt. Ltd