Rulings ( 10512 results )

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High Court

HC: Confirms ITAT’s adoption of TNMM over CUP for benchmarking IGS transaction

Mar 20, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-588-HC-2024(KAR)-TP
  • Tax Payer : Bostik India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables for SWD segment; Remits interest on outstanding receivables

Mar 20, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-98-ITAT-2025(Mum)-TP
  • Tax Payer : Varian Medical Systems International India Private Limited
Income tax Appellate Tribunal

ITAT: Remands Sec. 271(1)(c) penalty issue, considering relief granted by Tribunal while deciding quantum appeal

Mar 20, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-99-ITAT-2025(PUN)-TP
  • Tax Payer : Imsofer Manufacturing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua electricity-transfer; Holds wheeling charges not required to be adjusted

Mar 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-97-ITAT-2025(CHNY)-TP
  • Tax Payer : MRF Limited
Income tax Appellate Tribunal

ITAT: Excludes Tata Elxsi, Infosys etc citing high turnover, huge brand value, functional dissimilarity

Mar 19, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-93-ITAT-2025(HYD)-TP
  • Tax Payer : IVY software Development Services Private Limited
Income tax Appellate Tribunal

ITAT: PCIT cannot substitute TPO's plausible view w.r.t interest on CCDs, quashes revisionary jurisdiction

Mar 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-96-ITAT-2025(DEL)-TP
  • Tax Payer : DLF Midtown P Ltd
Income tax Appellate Tribunal

ITAT: Cannot presume existence of international transaction merely basis 'high intensity of AMP activities'

Mar 19, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-95-ITAT-2025(DEL)-TP
  • Tax Payer : Tupperware India Pvt. Ltd.
High Court

HC: Upholds RPM as MAM, warranty cost claim reimbursed by AE not 'value addition' by assessee

Mar 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-94-HC-2025(DEL)-TP
  • Tax Payer : D Light Energy P. Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates Volvo India's stay petition, directs furnishing bank guarantee for 20% outstanding demand

Mar 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-92-ITAT-2025(Bang)-TP
  • Tax Payer : Volvo Group India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes AO’s order as invalid and barred by limitation; Follows precedents

Mar 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-90-ITAT-2025(DEL)-TP
  • Tax Payer : Adidas India Marketing Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs Revenue to adopt rate under BAPA with UK-AE for transactions with US-AE w.r.t ITES

Mar 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-91-ITAT-2025(Mum)-TP
  • Tax Payer : Vodafone India Services Private Ltd
Income tax Appellate Tribunal

ITAT: Sets aside CIT(A)-NFAC’s order; Remits matter to CIT(A)-TP since core issue pertains to TP-adjustments

Mar 17, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-89-ITAT-2025(Ahd)-TP
  • Tax Payer : Hanning Motors India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes final order, not in conformity with DRP’s directions; Follows precedents

Mar 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-88-ITAT-2025(Bang)-TP
  • Tax Payer : Tavant Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Affirms CIT(A)’s deletion of Sec.271G-penalty absent notice issued u/s.92D(3)

Mar 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-85-ITAT-2025(Mum)-TP
  • Tax Payer : Siemens Aktiengensellschaft
Income tax Appellate Tribunal

ITAT: Directs AO to include functionally-similar company and determine whether international transaction is at ALP

Mar 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-86-ITAT-2025(Ahd)-TP
  • Tax Payer : Netafim Irrigation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs considering applicability of RBI's measures qua COVID-19 for imputing interest on receivables

Mar 13, 2025
  • In Favour of Assessee
  • Citation Number : TS-87-ITAT-2025(Bang)-TP
  • Tax Payer : Great Wall India Research and Development Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to consider DRP’s rectified direction, corresponding revised TPO’s giving-effect order to delete TP-adjustment qua SWD, ITeS

Mar 12, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-82-ITAT-2025(Bang)-TP
  • Tax Payer : Ariba Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for royalty & service-fee payment, SWD services & ITeS

Mar 12, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-84-ITAT-2025(Mum)-TP
  • Tax Payer : Red Hat India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-addition w.r.t payment of technical know-how fees, recovery of expenses

Mar 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-81-ITAT-2025(Mum)-TP
  • Tax Payer : UPS Express P Ltd
High Court

HC: Dismisses Revenue's appeal against ITAT-order deleting TP-addition qua AMP expenses

Mar 12, 2025
  • In Favour of Assessee
  • Citation Number : TS-83-HC-2025(DEL)-TP
  • Tax Payer : Beam Global Spirits & Wine (India) Pvt Ltd