Rulings ( 11620 results )
Income tax Appellate Tribunal
ITAT: Quashes final assessment order passed without issuing draft order u/s.144C, follows precedents
May 11, 2026
- In Favour of Assessee
- Citation Number : TS-368-ITAT-2026(CHNY)-TP
- Tax Payer : Transworld Garnet India Pvt. Ltd.
Income tax Appellate Tribunal
ITAT: Remits issue of ALP determination of management fee for fresh examination
May 08, 2026
- In Favour of Assessee
- Citation Number : TS-367-ITAT-2026(CHNY)-TP
- Tax Payer : Flexible Steel Lacing Company Pvt. Ltd
Income tax Appellate Tribunal
ITAT: DRP-directions uploaded on ITBA portal & sent to AO on same date; Quashes time-barred assessment against Dr. Reddy’s Laboratories
May 08, 2026
- In Favour of Assessee
- Citation Number : TS-366-ITAT-2026(HYD)-TP
- Tax Payer : Dr. Reddy’s Laboratories Limited
High Court
HC: Chapter-X mandate provides AO no 'jurisdictional immunity' for lapse in computing tax-exempt profit u/s.80IA
May 08, 2026
- In Favour of Revenue
- Citation Number : TS-364-HC-2026(CAL)-TP
- Tax Payer : SHYAM SEL AND POWER LIMITED
Income tax Appellate Tribunal
ITAT: Upholds deletion of TP-adjustment qua loan, adoption of 0.35% as guarantee commission; Follows precedents
May 07, 2026
- In Favour of Both, Partially
- Citation Number : TS-359-ITAT-2026(Mum)-TP
- Tax Payer : JSW Steel Ltd
Income tax Appellate Tribunal
ITAT: Adopts split 50:50 w.r.t guarantee commission under interest saving approach; Clarifies, not 'standard practice'
May 07, 2026
- In Favour of Assessee
- Citation Number : TS-358-ITAT-2026(Mum)-TP
- Tax Payer : ACG Associated Capsules Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes comparable citing use of data not falling within relevant FY, allegations of fraud
May 07, 2026
- In Favour of Assessee
- Citation Number : TS-362-ITAT-2026(Bang)-TP
- Tax Payer : IBM India Pvt. Ltd.
Income tax Appellate Tribunal
ITAT: Grants extension of stay of outstanding demand; Considers adjustment of 20%
May 07, 2026
- In Favour of Assessee
- Citation Number : TS-348-ITAT-2026(Bang)-TP
- Tax Payer : Deliverhealth Solutions India Pvt Ltd, (earlier known as Nuance Transcription Services Pvt Ltd)
Income tax Appellate Tribunal
ITAT: Sets aside CIT(A)’s ex-parte order confirming addition made by AO, remits issue
May 07, 2026
- In Favour of Both, Partially
- Citation Number : TS-363-ITAT-2026(DEL)-TP
- Tax Payer : Azure Power Mars Private Limited
Income tax Appellate Tribunal
ITAT: Accepts Boeing India’s characterization as limited risk service provider for training & technical services
May 06, 2026
- In Favour of Assessee
- Citation Number : TS-361-ITAT-2026(DEL)-TP
- Tax Payer : Boeing India Defense Pvt Ltd
High Court
HC: Quashes final assessment order passed without waiting for DRP’s decision on assessee’s objections
May 06, 2026
- In Favour of Assessee
- Citation Number : TS-360-HC-2026(DEL)-TP
- Tax Payer : FIELDCORE SERVICES SOLUTION INTERNATIONAL INDIA PVT LTD
Income tax Appellate Tribunal
ITAT: Rejects Nil-ALP qua managerial, testing, engineering service fees, deletes adjustment; Follows earlier order
May 06, 2026
- In Favour of Assessee
- Citation Number : TS-351-ITAT-2026(CHNY)-TP
- Tax Payer : BorgWarner Cooling System (India) Limited
Income tax Appellate Tribunal
ITAT: Sets aside CIT(A)/NFAC’s order confirming Sec.271G-penalty; Remits issue considering violation of Sec.250(6)
May 06, 2026
- In Favour of Both, Partially
- Citation Number : TS-357-ITAT-2026(PUN)-TP
- Tax Payer : Krishna Valley Agro (India) Ltd
Income tax Appellate Tribunal
ITAT: Holds RPM as MAM for purchase transaction in case of independent full-fledged distributor
May 06, 2026
- In Favour of Assessee
- Citation Number : TS-356-ITAT-2026(CHNY)-TP
- Tax Payer : Kubota Agricultural Machinery India Private Limited
Income tax Appellate Tribunal
ITAT: Remits adjustment qua interest on loan given to German subsidiary for fresh adjudication
May 05, 2026
- In Favour of Both, Partially
- Citation Number : TS-355-ITAT-2026(DEL)-TP
- Tax Payer : BRY AIR ASIA PRIVATE LIMITED
Income tax Appellate Tribunal
ITAT: Directs maintaining parity between ESOP cost and income base; Rules on comparable selection
May 05, 2026
- In Favour of Both, Partially
- Citation Number : TS-354-ITAT-2026(Bang)-TP
- Tax Payer : DRG Analytics and Insights Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Merely introducing fresh capital not 'extraordinary event', refuses to exclude comparable
May 05, 2026
- In Favour of Both, Partially
- Citation Number : TS-353-ITAT-2026(Bang)-TP
- Tax Payer : Sivantos India Private Limited
Income tax Appellate Tribunal
ITAT: Adopts LIBOR+200 bps for benchmarking interest on trade receivable; Adopts credit period of 60 days
May 05, 2026
- In Favour of Both, Partially
- Citation Number : TS-350-ITAT-2026(Bang)-TP
- Tax Payer : Livspace India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua interest on debentures, interest on loan; Stresses on 'real income' theory
May 05, 2026
- In Favour of Assessee
- Citation Number : TS-346-ITAT-2026(CHNY)-TP
- Tax Payer : Siva Industries and Holdings Limited
Income tax Appellate Tribunal
ITAT: Excludes companies with high turnover; Adopts LIBOR+200 bps as interest on delayed trade receivables
May 05, 2026
- In Favour of Assessee
- Citation Number : TS-352-ITAT-2026(Bang)-TP
- Tax Payer : Pathpartner Technology Pvt. Ltd