Rulings ( 11677 results )
Income tax Appellate Tribunal
ITAT: Holds TNMM as MAM for benchmarking sales transaction, applies judicial consistency
Jun 01, 2026
- In Favour of Assessee
- Citation Number : TS-424-ITAT-2026(Ahd)-TP
- Tax Payer : Inductotherm (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Sets aside final assessment order passed in name of non-existent entity despite intimation of merger; Follows precedent
Jun 01, 2026
- In Favour of Assessee
- Citation Number : TS-423-ITAT-2026(DEL)-TP
- Tax Payer : BREVO CRM SOLUTIONS P. Ltd. (formerly known as Creatorbox Softwares P. Ltd.)
Income tax Appellate Tribunal
ITAT: Quashes time-barred final assessment order, statutory timeline prescribed u/s. 144C(13) not followed
May 29, 2026
- In Favour of Assessee
- Citation Number : TS-422-ITAT-2026(Mum)-TP
- Tax Payer : SkillNet Solutions India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes management support services adjustment, final order passed without OGE by TPO
May 29, 2026
- In Favour of Assessee
- Citation Number : TS-421-ITAT-2026(DEL)-TP
- Tax Payer : Cambridge University Press and Assessment India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Remits TP adjustment qua IGS; Directs TPO to examine evidence/additional evidence
May 29, 2026
- In Favour of Both, Partially
- Citation Number : TS-420-ITAT-2026(DEL)-TP
- Tax Payer : Cargill India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rejects Nil ALP qua intra-group services, deletes adjustment, as Assessee demonstrated receipt of services
May 29, 2026
- In Favour of Assessee
- Citation Number : TS-419-ITAT-2026(Ahd)-TP
- Tax Payer : Roquette India Pvt. Ltd
Supreme Court
SC: Dismisses Revenue's SLP challenging HC-order on AMP adjustment in case of Pernod Ricard India
May 28, 2026
- In Favour of Assessee
- Citation Number : TS-418-SC-2026-TP
- Tax Payer : Pernod Ricard India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds deletion of TP adjustment qua management support services and manufacturing segment
May 28, 2026
- In Favour of Assessee
- Citation Number : TS-417-ITAT-2026(Ahd)-TP
- Tax Payer : Schaeffler India Limited
Income tax Appellate Tribunal
ITAT: Holds TPO wrongly invoked Chapter-X for making AMP adjustment, follows earlier order
May 28, 2026
- In Favour of Assessee
- Citation Number : TS-416-ITAT-2026(DEL)-TP
- Tax Payer : Amadeus India Pvt. Ltd.
Income tax Appellate Tribunal
ITAT: Deletes 271G penalty absent existence of AE as well as no adjustment being made
May 27, 2026
- In Favour of Assessee
- Citation Number : TS-415-ITAT-2026(Mum)-TP
- Tax Payer : D.A. Jhaveri
Income tax Appellate Tribunal
ITAT: AO cannot pass two draft orders u/s.144C, quashes second order proposing corporate-tax addition
May 27, 2026
- In Favour of Assessee
- Citation Number : TS-414-ITAT-2026(Bang)-TP
- Tax Payer : Marvell India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP adjustment made in respect of intra-group services; Follows earlier orders
May 27, 2026
- In Favour of Assessee
- Citation Number : TS-413-ITAT-2026(Ahd)-TP
- Tax Payer : Styrenix Performace Materials Ltd. (Formerly known as INEOS Styrolution India Limited)
Income tax Appellate Tribunal
ITAT: Remits AMP adjustment issue to reconsider in light of SC decisions pending in Gillette India and Yakult Danone India
May 27, 2026
- In Favour of Both, Partially
- Citation Number : TS-412-ITAT-2026(Kol)-TP
- Tax Payer : Reckitt Benckiser (India) Limited
Income tax Appellate Tribunal
ITAT: Rules on TP adjustments qua alleged interest received on advances, sales transaction, comparables selection
May 26, 2026
- In Favour of Both, Partially
- Citation Number : TS-411-ITAT-2026(DEL)-TP
- Tax Payer : Acme Cleantech Solutions Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Rules on TP-adjustments pertaining to AE transactions, overdue trade receivables
May 26, 2026
- In Favour of Assessee
- Citation Number : TS-410-ITAT-2026(DEL)-TP
- Tax Payer : Elofic Industries Limited
Income tax Appellate Tribunal
ITAT: Remits TP adjustment made twice; Excludes 3 functionally dissimilar comparables
May 26, 2026
- In Favour of Both, Partially
- Citation Number : TS-409-ITAT-2026(DEL)-TP
- Tax Payer : Mitsui Prime Advanced Composites India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Dismisses the appeal and stay application as infructuous
May 26, 2026
- In Favour of Assessee
- Citation Number : TS-408-ITAT-2026(DEL)-TP
- Tax Payer : K.S. Commodities Private Limited
Income tax Appellate Tribunal
ITAT: Excludes 4, remits 2 comparables in case of Inter Continental Hotels Group
May 26, 2026
- In Favour of Both, Partially
- Citation Number : TS-407-ITAT-2026(DEL)-TP
- Tax Payer : Inter Continental Hotels Group (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rejects invocation of benefit test, deletes TP adjustment qua Franchise fee payment
May 25, 2026
- In Favour of Both, Partially
- Citation Number : TS-406-ITAT-2026(Mum)-TP
- Tax Payer : Royal Canin India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes 5 comparables and restricts commission @ 0.04% on comfort letter for ICICI Bank; Follows earlier orders
May 25, 2026
- In Favour of Assessee
- Citation Number : TS-405-ITAT-2026(Mum)-TP
- Tax Payer : ICICI Bank Ltd