Rulings ( 10512 results )

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Income tax Appellate Tribunal

ITAT: Rules on TP-adjustments in SWD / distribution segments, remits interest on receivables

Mar 11, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-79-ITAT-2025(Bang)-TP
  • Tax Payer : Tektronix (India) P Ltd
Income tax Appellate Tribunal

ITAT: Upholds Sec.271AA penalty-deletion; No specific default shown by AO, TPO gave clean chit

Mar 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-80-ITAT-2025(Ahd)-TP
  • Tax Payer : Best Oasis Limited
High Court

HC: "Guarantee fee" issue pending before Tribunal, quashes reassessment for Tata Communications

Mar 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-78-HC-2025(BOM)-TP
  • Tax Payer : Tata Communications Limited
Income tax Appellate Tribunal

ITAT: Adopts LIBOR+200 bps as interest on AE receivables; Follows judicial precedents

Mar 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-77-ITAT-2025(HYD)-TP
  • Tax Payer : Harsco India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM over CUP as MAM for benchmarking sale/export of goods

Mar 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-76-ITAT-2025(Mum)-TP
  • Tax Payer : Omni Active Health Technologies Limited
Income tax Appellate Tribunal

ITAT: Rules on aggregation of transactions, tested-party selection, guarantee commission, interest on receivables

Mar 10, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-75-ITAT-2025(Mum)-TP
  • Tax Payer : VVF (India) Limited
Income tax Appellate Tribunal

ITAT: Holds DRP not empowered to direct AO/TPO in second round of proceedings

Mar 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-72-ITAT-2025(CHNY)-TP
  • Tax Payer : Young Buhmwoo India Co Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of TP-addition w.r.t electricity-transfer; Follows precedents

Mar 06, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-73-ITAT-2025(JPR)-TP
  • Tax Payer : Wonder Cement Limited
Income tax Appellate Tribunal

ITAT: Extended time-limit of 12 months not available to Non-resident; Quashes assessment-order

Mar 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-66-ITAT-2025(HYD)-TP
  • Tax Payer : Smt. Maliha Syeda
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for Renault India, follows earlier order

Mar 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2025(CHNY)-TP
  • Tax Payer : Renault India P Ltd
High Court

HC: Affirms deletion of adjustment qua inter-unit power transfer; Follows Jindal Steel SC-decision

Mar 03, 2025
  • In Favour of Assessee
  • Citation Number : TS-68-HC-2025(CAL)-TP
  • Tax Payer : Star Paper Mills Limited
Income tax Appellate Tribunal

ITAT: TP-adjustment w.r.t R&D services covered by BAPA/MAP; Deletes adjustment qua lab-equipment purchases

Mar 03, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-69-ITAT-2025(Mum)-TP
  • Tax Payer : Unilever Industries Pvt Ltd
Supreme Court

SC: Refuses to weigh in on international transaction controversy, relegates NDTV to AO

Mar 03, 2025
  • In Favour of Revenue
  • Citation Number : TS-70-SC-2025-TP
  • Tax Payer : New Delhi Television Limited
Income tax Appellate Tribunal

ITAT: Quashes AO’s order as time-barred, provisions of Sec. 144(13) not complied with

Feb 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-65-ITAT-2025(HYD)-TP
  • Tax Payer : TMEIC Industrial Systems India Private Limited
Income tax Appellate Tribunal

ITAT: Tax paid for international transactions, as per agreed price under APA

Feb 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-67-ITAT-2025(HYD)-TP
  • Tax Payer : Broadridge Financial Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Stays recovery of outstanding demand for 180 days in case of Honda R&D Company

Feb 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2025(DEL)-TP
  • Tax Payer : Honda R & D (India) Pvt Ltd
High Court

HC: Confirms Tribunal's decision upholding 1% as stand by letter of credit to be at ALP

Feb 27, 2025
  • In Favour of Assessee
  • Citation Number : TS-64-HC-2025(DEL)-TP
  • Tax Payer : Micromax Informatics Ltd
Income tax Appellate Tribunal

ITAT: Revenue artificially distinguished transactions with Non-UK & UK AEs, considers MAP/APA's persuasive value

Feb 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-62-ITAT-2025(DEL)-TP
  • Tax Payer : JCB India Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments qua royalty payments and reimbursement of expenses; Follows assessee’s earlier orders

Feb 26, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-60-ITAT-2025(Mum)-TP
  • Tax Payer : Vodafone Idea Ltd
High Court

HC: Notes DRP's disallowance of goodwill-depreciation deleted by ITAT, quashes reassessment

Feb 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-61-HC-2025(GUJ)-TP
  • Tax Payer : Ammann India Pvt Ltd