Transfer Pricing Alert Rulings

In Favour of Assessee
Citation Number : TS-114-ITAT-2026(DEL)-TP
Tax Payer : PHI SEEDS PVT. LTD. (Now known as Corteva Agriscience Seeds Private Limited)

Income tax Appellate Tribunal

ITAT: Upholds interest on share-investment being 'sham', also disallows Sec.80IA deduction for Tata Chemicals

Feb 04, 2026

In Favour of Revenue
Citation Number : TS-113-ITAT-2026(Mum)-TP
Tax Payer : Tata Chemicals Limited

Income tax Appellate Tribunal

ITAT: Excludes 7 companies having high turnover; Applies LIBOR as interest on overdue receivable

Feb 04, 2026

In Favour of Assessee
Citation Number : TS-112-ITAT-2026(Bang)-TP
Tax Payer : Altisource Business Solutions Private Ltd

Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed by JAO on account of being time barred u/s.144C(13)

Feb 04, 2026

In Favour of Assessee
Citation Number : TS-111-ITAT-2026(DEL)-TP
Tax Payer : Ariba India Private Limited

Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed without incorporating DRP’s direction

Feb 04, 2026

In Favour of Assessee
Citation Number : TS-110-ITAT-2026(DEL)-TP
Tax Payer : Spectro Analytical Labs Private Limited

Income tax Appellate Tribunal

ITAT: Rules on comparables selection, risk adjustment, working-capital adjustment; Follows earlier orders

Feb 04, 2026

In Favour of Both, Partially
Citation Number : TS-109-ITAT-2026(DEL)-TP
Tax Payer : Lockheed Martin India (P) Ltd

Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s order treating amortisation of goodwill as non-operating expense

Feb 04, 2026

In Favour of Assessee
Citation Number : TS-108-ITAT-2026(CHNY)-TP
Tax Payer : Hitachi Solutions India Private Limited

Income tax Appellate Tribunal

ITAT: Quashes final assessment order being time barred u/s.153; Follows judicial precedent

Feb 03, 2026

In Favour of Assessee
Citation Number : TS-107-ITAT-2026(DEL)-TP
Tax Payer : MIH Internet Sea Pte Ltd

Income tax Appellate Tribunal

ITAT: Quashes final assessment order being time barred u/s.153; Follows judicial precedent

Feb 03, 2026

In Favour of Assessee
Citation Number : TS-106-ITAT-2026(DEL)-TP
Tax Payer : Renew Wind Energy (Shivpur) Private Limited

Income tax Appellate Tribunal

ITAT: Quashes final assessment order being time barred u/s.153; Follows judicial precedent

Feb 03, 2026

In Favour of Assessee
Citation Number : TS-105-ITAT-2026(DEL)-TP
Tax Payer : Zimmer India Private Ltd

Income tax Appellate Tribunal

ITAT: Quashes final assessment order being time barred u/s.153; Follows judicial precedent

Feb 03, 2026

In Favour of Assessee
Citation Number : TS-104-ITAT-2026(DEL)-TP
Tax Payer : MMTC-PAMP INDIA PRIVATE LIMITED

Income tax Appellate Tribunal

ITAT: Quashes final assessment order being time barred u/s.153

Feb 03, 2026

In Favour of Assessee
Citation Number : TS-103-ITAT-2026(DEL)-TP
Tax Payer : Rohde and Schwarz India Private Limited

Income tax Appellate Tribunal

ITAT: Quashes final assessment order being time barred u/s.153; Follows Roca Bathroom ruling

Feb 03, 2026

In Favour of Assessee
Citation Number : TS-96-ITAT-2026(DEL)-TP
Tax Payer : Denso India Limited

Income tax Appellate Tribunal

ITAT: Directs JAO to delete levy of additional interest u/s. 234B and 234C and refund same

Feb 03, 2026

In Favour of Assessee
Citation Number : TS-102-ITAT-2026(Ahd)-TP
Tax Payer : Sophos Technologies Private Limited

Income tax Appellate Tribunal

ITAT: Quashes final assessment order being time barred; Follows judicial precedent

Feb 03, 2026

In Favour of Assessee
Citation Number : TS-101-ITAT-2026(DEL)-TP
Tax Payer : Orange Business Services India Solutions Pvt Ltd

Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t fee for business support services; Rules on comparables for project segment

Feb 03, 2026

In Favour of Assessee
Citation Number : TS-100-ITAT-2026(CHNY)-TP
Tax Payer : FLSmidth Private Limited

Rulings ( 11311 results )