Rulings ( 11988 results )

Filters
Income tax Appellate Tribunal

ITAT: Holds TPO erred in considering depreciation as part of assessee's operating cost but not comparables

  • In Favour of Assessee
  • Citation Number : TS-733-ITAT-2026(Kol)-TP
  • Tax Payer : Manaksia Steels Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment made on account of purchase of raw material through AE

  • In Favour of Assessee
  • Citation Number : TS-729-ITAT-2026(Kol)-TP
  • Tax Payer : Solex Chemicals Private Limited
Income tax Appellate Tribunal

ITAT: Remits adjustment qua interest on receivables; Directs AO to verify if assessee is debt-free

  • In Favour of Both, Partially
  • Citation Number : TS-734-ITAT-2026(HYD)-TP
  • Tax Payer : Encora Software India Private Limited
Income tax Appellate Tribunal

ITAT: Restores TP-adjustments w.r.t SWD segment, interest on receivables; Notes assessee's TPSR rejected on incorrect grounds

  • In Favour of Both, Partially
  • Citation Number : TS-728-ITAT-2026(Bang)-TP
  • Tax Payer : G2.COM INDIA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Mere delay in realization of receivables, without demonstrating impact on profitability cannot justify adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-722-ITAT-2026(Bang)-TP
  • Tax Payer : ESI SOFTWARE (INDIA) PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Rejects TPO ALP-determination of licence-fee payment using Revenue-Split Method, affirms Sony Pictures' TNMM

  • In Favour of Assessee
  • Citation Number : TS-730-ITAT-2026(Mum)-TP
  • Tax Payer : SONY PICTURES FILMS INDIA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Holds TPO exceeded jurisdiction u/s.92CA by determining PE-existence & consequent taxability of profits

  • In Favour of Assessee
  • Citation Number : TS-727-ITAT-2026(Mum)-TP
  • Tax Payer : Ingram Micro (India) Exports Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Directs TPO to consider PBDIT as most appropriate PLI; Allows working capital adjusmtent

  • In Favour of Assessee
  • Citation Number : TS-732-ITAT-2026(PUN)-TP
  • Tax Payer : Nipro India Corporation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deprecates CIT(A)’s order passed without affording hearing opportunity to Pricewaterhouse Coopers

  • In Favour of Assessee
  • Citation Number : TS-731-ITAT-2026-TP
  • Tax Payer : Pricewaterhouse Coopers Private Limited
Income tax Appellate Tribunal

ITAT: Accepts assessee's RPM over TPO's TNMM for benchmarking import transaction for routine-distributor assessee

  • In Favour of Assessee
  • Citation Number : TS-721-ITAT-2026(CHNY)-TP
  • Tax Payer : ACE ANTENNA INDIA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Rejects TPO's view that tolerance-band benefit applies only qua arithmetic mean of multiple prices/comparables

  • In Favour of Assessee
  • Citation Number : TS-720-ITAT-2026(CHNY)-TP
  • Tax Payer : TVS Motor Company Ltd
Income tax Appellate Tribunal

ITAT: Considers peculiar facts, fixes 10% mark-up instead of Safe Harbour margin qua technical services for SBI

  • In Favour of Assessee
  • Citation Number : TS-726-ITAT-2026(Mum)-TP
  • Tax Payer : STATE BANK OF INDIA
Income tax Appellate Tribunal

ITAT: Excludes comparables on account having high turnover, inconsistencies in the financial statements, etc

  • In Favour of Assessee
  • Citation Number : TS-725-ITAT-2026(Bang)-TP
  • Tax Payer : QUOTIENT TECHNOLOGY INDIA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Excludes comparables failing employee cost filter, having unaudited financial statements, etc

  • In Favour of Assessee
  • Citation Number : TS-724-ITAT-2026(DEL)-TP
  • Tax Payer : Sepco1 Engineering (India) Private Limited
Income tax Appellate Tribunal

ITAT: No fresh TPO-reference needed where Tribunal restores issue to AO, quashes time-barred assessment

  • In Favour of Both, Partially
  • Citation Number : TS-723-ITAT-2026(Bang)-TP
  • Tax Payer : Biesse Manufacturing Co Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP adjustment issue to be decided in line with lower authorities' order passed for subsequent AY

  • In Favour of Both, Partially
  • Citation Number : TS-712-ITAT-2026(DEL)-TP
  • Tax Payer : Honda R & D (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rejects 50% turnover filter to exclude lower-turnover companies as comparables

  • In Favour of Assessee
  • Citation Number : TS-719-ITAT-2026(DEL)-TP
  • Tax Payer : GE India Industrial Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Deletes adhoc adjustment made qua fees received for technical assistance/royalty; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-718-ITAT-2026(Mum)-TP
  • Tax Payer : Siemens Aktiengesellschaft
Income tax Appellate Tribunal

ITAT: Admits additional ground; Quashes assessment framed against Genpact Infrastructure, name of non-existent entity

  • In Favour of Assessee
  • Citation Number : TS-717-ITAT-2026(DEL)-TP
  • Tax Payer : Genpact Infrastructure (Hyderabad) Private Limited [Now merged with Genpact India]
Income tax Appellate Tribunal

ITAT: Excludes comparables failing high turnover filter; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-711-ITAT-2026(Bang)-TP
  • Tax Payer : Hotel Hub LLP