Rulings ( 11459 results )

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Income tax Appellate Tribunal

ITAT: Restricts TP adjustment to non-US AE transactions only; Considers settlement of transaction with US AE in MAP resolution

Mar 02, 2026
  • In Favour of Assessee
  • Citation Number : TS-202-ITAT-2026(Bang)-TP
  • Tax Payer : EIT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds DRP’s order directing benchmarking payment of interest on ECB at LIBOR+200 bps; Follows earlier order

Mar 02, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-204-ITAT-2026(VIZ)-TP
  • Tax Payer : Teejay India Private Limited
High Court

HC: Directs TPO to pass fresh order w.r.t comparables selection after providing assessee opportunity to reply to SCN

Mar 02, 2026
  • In Favour of Assessee
  • Citation Number : TS-205-HC-2026(BOM)-TP
  • Tax Payer : Maersk Global Service Centres (India) Pvt. Ltd.
High Court

HC: Allows assessee’s writ petition, sets aside AO’s draft order

Mar 02, 2026
  • In Favour of Assessee
  • Citation Number : TS-206-HC-2026(DEL)-TP
  • Tax Payer : LINDSTROM SERVICES INDIA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Accepts berry ratio for Verizon India, restricts TP-adjustment w.r.t business services basis agreed formula

Mar 02, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-203-ITAT-2026(DEL)-TP
  • Tax Payer : Verizon Communication India Pvt Ltd
High Court

HC: Quashes reassessment, Revenue failed to finalize assessment timely after draft order was passed

Feb 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-201-HC-2026(GUJ)-TP
  • Tax Payer : GULBRANDSEN PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Allows assessee’s claim for deduction u/s. 80IA(4); Deletes royalty payment addition

Feb 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-199-ITAT-2026(Ahd)-TP
  • Tax Payer : Netafim Irrigation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes the final assessment order passed sans draft order in the second round of proceedings

Feb 26, 2026
  • In Favour of Assessee
  • Citation Number : TS-200-ITAT-2026(Bang)-TP
  • Tax Payer : Toyota Kirloskar Motor P. Ltd
Income tax Appellate Tribunal

ITAT: Permits assessee to withdraw appeal in view of India-US MAP resolution

Feb 26, 2026
  • In Favour of None/NA
  • Citation Number : TS-198-ITAT-2026(Bang)-TP
  • Tax Payer : NextGen Healthcare India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits entity vs segmental level benchmarking issue; Deletes adjustment qua interest on receivables

Feb 25, 2026
  • In Favour of Both, Partially
  • Citation Number : TS-195-ITAT-2026(CHNY)-TP
  • Tax Payer : TAKE Solutions Limited
Income tax Appellate Tribunal

ITAT: Dismisses Sony India’s MA seeking modifications related to comparables selection, AMP adjustment

Feb 25, 2026
  • In Favour of Revenue
  • Citation Number : TS-194-ITAT-2026(DEL)-TP
  • Tax Payer : Sony India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Extends stay by 180 days or till appeal disposal of appeals; Considers pendency of SC decision in Shelf Drilling

Feb 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-193-ITAT-2026(DEL)-TP
  • Tax Payer : Genpact India Private Limited
Income tax Appellate Tribunal

ITAT: Allows Cisco Systems Inc's stay petition; Considers approach qua sister concern, other AYs, etc

Feb 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-197-ITAT-2026(Bang)-TP
  • Tax Payer : Cisco Systems Inc
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments qua interest on loans and outstanding receivables; Follows earlier order

Feb 25, 2026
  • In Favour of Assessee
  • Citation Number : TS-196-ITAT-2026(Ahd)-TP
  • Tax Payer : Intas Pharmaceuticals Ltd.
Income tax Appellate Tribunal

ITAT: Rejects foreign AE as tested party; Deletes adjustments qua interest on capital contribution, loan, etc

Feb 24, 2026
  • In Favour of Assessee
  • Citation Number : TS-192-ITAT-2026(Mum)-TP
  • Tax Payer : Oracle Financial Services Software Ltd
High Court

HC: Quashes final-assessment passed sans draft order; Traces trajectory of events post PCIT order u/s.263

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-191-HC-2026(GUJ)-TP
  • Tax Payer : Sun Pharmaceutical Industries Ltd
Income tax Appellate Tribunal

ITAT: Keeps Rs.3.88 Cr demand in abeyance; Considers comparables' dispute, proposed "clarificatory" amendment on DIN

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-188-ITAT-2026(Bang)-TP
  • Tax Payer : Mavenir Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits additional grounds, remits them to AO to be adjudicated afresh

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-185-ITAT-2026(Mum)-TP
  • Tax Payer : Jagdeep Singh Dhanoa
Income tax Appellate Tribunal

ITAT: Adjudicates tested-party selection qua SDT of diamond-purchase, affirms CIT(A)'s relief

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-187-ITAT-2026(Mum)-TP
  • Tax Payer : DNJ Creation LLP
Income tax Appellate Tribunal

ITAT: Directs assessee to establish no actual conversion/redemption of CCD into equity

Feb 23, 2026
  • In Favour of Assessee
  • Citation Number : TS-184-ITAT-2026(CHNY)-TP
  • Tax Payer : Movate Technologies Private Limited