Rulings ( 10512 results )

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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
Income tax Appellate Tribunal

ITAT: Allows assessee's appeal against TP-addition qua receipt of commission

Mar 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2025(DEL)-TP
  • Tax Payer : T K Elevators India Private Limited
Income tax Appellate Tribunal

ITAT: Confirms SBI PLR over LIBOR for benchmarking interest on CCDs; Deletes addition

Mar 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-105-ITAT-2025(HYD)-TP
  • Tax Payer : Sanchore Renewable Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua performance guarantee and letter of comfort

Mar 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-104-ITAT-2025(Mum)-TP
  • Tax Payer : Shapoorji Pallonji and Company Private Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO's NIL ALP qua cost-sharing charges absent adoption of any prescribed method

Mar 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-101-ITAT-2025(PUN)-TP
  • Tax Payer : Rehau Polymers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables pertaining to production services and SWD

Mar 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-102-ITAT-2025(Mum)-TP
  • Tax Payer : HERE Solutions India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustment qua AMP expenses, royalty payment, R&D services etc; Follows earlier-orders

Mar 21, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-103-ITAT-2025(Kol)-TP
  • Tax Payer : Reckitt Benckiser (India) Limited
High Court

HC: Disposes Revenue’s appeal challenging ITAT’s order on comparables-selection

Mar 21, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-589-HC-2024(KAR)-TP
  • Tax Payer : Analog Devices India Pvt Ltd
High Court

HC: Opportunity of being heard to assessee an ‘empty formality’; Quashes AO’s reference, PCIT’s approval

Mar 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-100-HC-2025(GUJ)-TP
  • Tax Payer : Axis Bank Limited