Rulings ( 10045 results )
Income tax Appellate Tribunal
ITAT: Upholds CUP for management consultancy services; Deletes license fee, IT cost-allocation adjustments
May 07, 2024
- In Favour of Assessee
- Citation Number : TS-175-ITAT-2024(Mum)-TP
- Tax Payer : The Boston Consulting Group (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Dismisses assessee’s TP-related appeal as not pressed due to settlement by APA
May 07, 2024
- In Favour of Revenue
- Citation Number : TS-174-ITAT-2024(Bang)-TP
- Tax Payer : Goldman Sachs Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Applies guarantee commission @0.6% instead of 0.2%, follows order for latest AY
May 06, 2024
- In Favour of Both, Partially
- Citation Number : TS-173-ITAT-2024(Mum)-TP
- Tax Payer : KEC International Ltd
Income tax Appellate Tribunal
ITAT: Quashes time-barred TPO’s order, subsequent draft and final assessment orders; Follows precedents
May 06, 2024
- In Favour of Assessee
- Citation Number : TS-172-ITAT-2024(Mum)-TP
- Tax Payer : Siemens Technology Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Existence of ‘arrangement’ pre-condition for S.92BA; Remits for examination of additional evidence
May 03, 2024
- In Favour of Both, Partially
- Citation Number : TS-171-ITAT-2024(DEL)-TP
- Tax Payer : Mankind Pharma Limited
Income tax Appellate Tribunal
ITAT: Upholds TP-adjustment w.r.t distribution proceeds sharing in Sony Pictures' case
May 03, 2024
- In Favour of Revenue
- Citation Number : TS-169-ITAT-2024(Mum)-TP
- Tax Payer : Sony Pictures Networks India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds confirmation of TP-adjustment qua corporate guarantee, refers to Redington ruling
May 02, 2024
- In Favour of Revenue
- Citation Number : TS-167-ITAT-2024(Ahd)-TP
- Tax Payer : Sun Pharmaceutical Industries Ltd
High Court
HC: Sets aside assessment order passed without affording adequate hearing opportunity
May 02, 2024
- In Favour of Assessee
- Citation Number : TS-168-HC-2024(MAD)-TP
- Tax Payer : Sutherland Global Services Private Limited
Income tax Appellate Tribunal
ITAT: Directs assessee to not take adjournment until hearing of main appeal on PCIT jurisdiction
Apr 30, 2024
- In Favour of Assessee
- Citation Number : TS-166-ITAT-2024(DEL)-TP
- Tax Payer : Idemia Syscom India Pvt Ltd
High Court
HC: Quashes assessment order, non-passing of draft order after remand a jurisdictional error
Apr 30, 2024
- In Favour of Assessee
- Citation Number : TS-165-HC-2024(BOM)-TP
- Tax Payer : ExxonMobil Company India Private Limited
High Court
HC: Upholds ITAT’s affirmation of assessee's TNMM/CUP for benchmarking export/import transactions
Apr 30, 2024
- In Favour of Assessee
- Citation Number : TS-164-HC-2024(BOM)-TP
- Tax Payer : Phoenix Comtrade Private Limited
High Court
HC: Sets aside final assessment order, demand notice, directs DRP to consider assessee’s objections
Apr 29, 2024
- In Favour of Assessee
- Citation Number : TS-163-HC-2024(KAR)-TP
- Tax Payer : Altair Engineering India Pvt Ltd
High Court
HC: Disposes Writ Petition; Penalty proceedings initiated u/s.270A dropped by lower authority
Apr 29, 2024
- In Favour of Assessee
- Citation Number : TS-162-HC-2024(TEL)-TP
- Tax Payer : Optum Global Solutions India Private Limited
Income tax Appellate Tribunal
ITAT: Refuses to disturb assessee's 'headcount' basis cost-allocation key accepted by TPO
Apr 26, 2024
- In Favour of Assessee
- Citation Number : TS-160-ITAT-2024(DEL)-TP
- Tax Payer : Genpact Services LLC
Income tax Appellate Tribunal
ITAT: Remits ALP determination after considering volume discount, geography adjustments; Follows earlier order
Apr 26, 2024
- In Favour of Both, Partially
- Citation Number : TS-161-ITAT-2024(Ahd)-TP
- Tax Payer : Atul Limited
Income tax Appellate Tribunal
ITAT: Quashes final assessment orders passed beyond prescribed time limit u/s.144C(13)
Apr 25, 2024
- In Favour of Assessee
- Citation Number : TS-159-ITAT-2024(CHNY)-TP
- Tax Payer : Renault India P Ltd
Income tax Appellate Tribunal
ITAT: Non-consideration of jurisdictional HC decision not ‘mistake’; Dismisses MA for rectification of order
Apr 25, 2024
- In Favour of Assessee
- Citation Number : TS-158-ITAT-2024(Mum)-TP
- Tax Payer : Truetzschler India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustments towards sale of goods, technical & management fee payment
Apr 25, 2024
- In Favour of Assessee
- Citation Number : TS-942-ITAT-2022(CHNY)-TP
- Tax Payer : Reynolds Pens India P Ltd
Income tax Appellate Tribunal
ITAT: Accepts assessee’s plea seeking inclusion/exclusion of comparables
Apr 24, 2024
- In Favour of Assessee
- Citation Number : TS-157-ITAT-2024(Mum)-TP
- Tax Payer : Torrecid India Private Limited
Income tax Appellate Tribunal
ITAT: Holds AO bypassed mandatory provisions of Sec. 144C, subsequent proceedings and orders non-est
Apr 24, 2024
- In Favour of Assessee
- Citation Number : TS-156-ITAT-2024(DEL)-TP
- Tax Payer : Defsys Solutions Pvt Ltd