Rulings ( 10045 results )
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment qua notional interest on realization of export sale proceeds
May 20, 2024
- In Favour of Both, Partially
- Citation Number : TS-196-ITAT-2024(Ahd)-TP
- Tax Payer : Intas Pharmaceuticals Ltd.
High Court
HC: Dismisses Revenue's appeals on AMP issue in Pepsico India's case, follows Sony Ericson judgment
May 20, 2024
- In Favour of Assessee
- Citation Number : TS-194-HC-2024(DEL)-TP
- Tax Payer : Pepisco India Holding Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes comparables in ITeS segment over functional dissimilarity; Follows earlier orders
May 17, 2024
- In Favour of Assessee
- Citation Number : TS-193-ITAT-2024(Mum)-TP
- Tax Payer : Tech Mahindra Limited
Income tax Appellate Tribunal
ITAT: Restricts TP-adjustment qua oil-import to transaction-level, grants +/-5% benefit
May 17, 2024
- In Favour of Assessee
- Citation Number : TS-192-ITAT-2024(Mum)-TP
- Tax Payer : Bunge India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds deletion of SDT-adjustment given omission of Sec.92BA(i); Follows precedent
May 16, 2024
- In Favour of Assessee
- Citation Number : TS-191-ITAT-2024(Ahd)-TP
- Tax Payer : Abhilasha Pharma Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits matter to restrict TP-adjustment from agreement date
May 16, 2024
- In Favour of Both, Partially
- Citation Number : TS-190-ITAT-2024(HYD)-TP
- Tax Payer : Key Point Technologies (India) Private Limited
Income tax Appellate Tribunal
ITAT: Remits MAM-selection qua purchase & sale transactions, notes risk factor upon AE
May 15, 2024
- In Favour of Assessee
- Citation Number : TS-188-ITAT-2024(Ahd)-TP
- Tax Payer : Skaps Industries India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables' selection qua purchase of raw materials, finished goods
May 15, 2024
- In Favour of Both, Partially
- Citation Number : TS-189-ITAT-2024(HYD)-TP
- Tax Payer : R.A.K. Ceramics India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec.271(1)(c) penalty, assessee justified reasons for not charging interest on loan
May 14, 2024
- In Favour of Assessee
- Citation Number : TS-187-ITAT-2024(Mum)-TP
- Tax Payer : Air Works India (Engineering) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds CUP, rejects TNMM qua hire of dredgers /vessels; Accepts consistency plea
May 14, 2024
- In Favour of Both, Partially
- Citation Number : TS-186-ITAT-2024(CHNY)-TP
- Tax Payer : International Seaport Dredging Ltd
Income tax Appellate Tribunal
ITAT: Recalls earlier order for inadvertent failure to adjudicate on TP-issues
May 13, 2024
- In Favour of Assessee
- Citation Number : TS-185-ITAT-2024(Mum)-TP
- Tax Payer : Tata Consultancy Services Ltd
Income tax Appellate Tribunal
ITAT: Grant stay of demand considering facts canvassed by assessee as correct unless rebutted
May 13, 2024
- In Favour of Assessee
- Citation Number : TS-183-ITAT-2024(DEL)-TP
- Tax Payer : Corteva Agriscience Services India Private Limited
Income tax Appellate Tribunal
ITAT: Adjustment qua fixed assets' purchase impermissible, final order not conforming to draft order
May 13, 2024
- In Favour of Assessee
- Citation Number : TS-184-ITAT-2024(DEL)-TP
- Tax Payer : American Express (India) Pvt Ltd
High Court
HC: Sets aside final order, demand notice citing technical glitch on portal
May 10, 2024
- In Favour of Assessee
- Citation Number : TS-181-HC-2024(KAR)-TP
- Tax Payer : Himalaya Wellness Company
High Court
HC: Quashes assessment-order passed while assessee’s objections were pending before DRP
May 10, 2024
- In Favour of Assessee
- Citation Number : TS-182-HC-2024(MAD)-TP
- Tax Payer : Multicoreware India P. Ltd
Income tax Appellate Tribunal
ITAT: Remits working capital adjustment for fresh consideration; Follows Huawei Technologies’ ruling
May 09, 2024
- In Favour of Assessee
- Citation Number : TS-180-ITAT-2024(Bang)-TP
- Tax Payer : Linege Power Pvt Ltd
High Court
HC: Absent substantial question of law, upholds exclusion of comparables citing functional-dissimilarity etc
May 09, 2024
- In Favour of Assessee
- Citation Number : TS-179-HC-2024(DEL)-TP
- Tax Payer : EDS Electronics Data System India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Filing second MA against order passed in earlier MA not permissible u/s.254(2)
May 08, 2024
- In Favour of Assessee
- Citation Number : TS-177-ITAT-2024(Bang)-TP
- Tax Payer : Astra Zeneca Pharma India Ltd
Income tax Appellate Tribunal
ITAT: Assessee failed to object to draft order before DRP, final order u/s.144C not appealable
May 08, 2024
- In Favour of Revenue
- Citation Number : TS-178-ITAT-2024(HYD)-TP
- Tax Payer : Skybridge Solutions Private Limited
Income tax Appellate Tribunal
ITAT: 'Fed-Fund' rate, not LIBOR, appropriate for benchmarking interest on US-loan taken from HSBC,USA
May 08, 2024
- In Favour of Assessee
- Citation Number : TS-176-ITAT-2024(Mum)-TP
- Tax Payer : The Hongkong & Shanghai Banking Corporation Ltd