Rulings ( 10045 results )
Income tax Appellate Tribunal
ITAT: Non-following previous trend of findings not 'mistake apparent' u/s. 254(2), dismisses Revenue's MA
Apr 23, 2024
- In Favour of Assessee
- Citation Number : TS-155-ITAT-2024(DEL)-TP
- Tax Payer : Whirlpool of India Ltd
High Court
HC: Allows assessee’s writ petition; Holds final assessment order barred by limitation
Apr 23, 2024
- In Favour of Assessee
- Citation Number : TS-154-HC-2024(BOM)-TP
- Tax Payer : Kent Engineering India Private Limited
Income tax Appellate Tribunal
ITAT: Every order not order u/s 119; Quashes revision against final order violating S.144C
Apr 22, 2024
- In Favour of Assessee
- Citation Number : TS-152-ITAT-2024(DEL)-TP
- Tax Payer : WSP Consultants India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rectifies Tribunal-order; Remits working capital adjustment plea to AO/TPO
Apr 22, 2024
- In Favour of Assessee
- Citation Number : TS-153-ITAT-2024(Mum)-TP
- Tax Payer : Deutsche Investor Services Private Limited
Income tax Appellate Tribunal
ITAT: Refuses 'blanket stay', but Revenue's interest being secured, grants Xiaomi 180 days' stay
Apr 19, 2024
- In Favour of Assessee
- Citation Number : TS-150-ITAT-2024(Bang)-TP
- Tax Payer : Xiaomi Technology India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Upholds CIT(A)’s exclusion of functionally dissimilar comparables for timing-belt tensioner manufacturer
Apr 19, 2024
- In Favour of Assessee
- Citation Number : TS-151-ITAT-2024(DEL)-TP
- Tax Payer : Dayco Power Transmission Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment towards notional interest on export receivables for fresh examination
Apr 18, 2024
- In Favour of Assessee
- Citation Number : TS-148-ITAT-2024(DEL)-TP
- Tax Payer : Paramount Communication Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs AO/TPO to recompute interest on loan fund after considering comparable
Apr 18, 2024
- In Favour of Assessee
- Citation Number : TS-149-ITAT-2024(Kol)-TP
- Tax Payer : Titagarh Wagon Ltd
Income tax Appellate Tribunal
ITAT: Upholds CIT(A)'s deletion of TP-adjustment qua performance guarantee for Shapoorji Pallonji
Apr 18, 2024
- In Favour of Both, Partially
- Citation Number : TS-147-ITAT-2024(Mum)-TP
- Tax Payer : Shapoorji Pallonji and Company Private Limited
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment qua technical know-how fee, allows capacity utilization adjustment
Apr 17, 2024
- In Favour of Both, Partially
- Citation Number : TS-145-ITAT-2024(Mum)-TP
- Tax Payer : Thermax Babcock & Wilcox Energy Solutions Pvt Ltd
Income tax Appellate Tribunal
ITAT: Partly allows Revenue’s MA to adjudicate ALP of interest on loan borrowed
Apr 17, 2024
- In Favour of Both, Partially
- Citation Number : TS-146-ITAT-2024(HYD)-TP
- Tax Payer : Progress Software Development Private Limited
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment qua drug-sale while accepting assessee's TNMM as MAM
Apr 16, 2024
- In Favour of Both, Partially
- Citation Number : TS-144-ITAT-2024(Mum)-TP
- Tax Payer : USV Private Limited
Income tax Appellate Tribunal
ITAT: Holds corporate guarantee as international transaction, Determines ALP @0.5%; Follows precedents
Apr 16, 2024
- In Favour of Both, Partially
- Citation Number : TS-143-ITAT-2024(Kol)-TP
- Tax Payer : Tega Industries Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua technical know-how fees; Holds forex gain as operating in nature
Apr 15, 2024
- In Favour of Both, Partially
- Citation Number : TS-141-ITAT-2024(Mum)-TP
- Tax Payer : UPS Express P Ltd
Income tax Appellate Tribunal
ITAT: Distinguishes LOC from bank guarantee basis obligations, risks; Upholds TP-adjustment on LOC
Apr 15, 2024
- In Favour of Both, Partially
- Citation Number : TS-142-ITAT-2024(Ahd)-TP
- Tax Payer : Axis Bank Limited
Income tax Appellate Tribunal
ITAT: Follows earlier order adopting LIBOR for loan-interest, directs AO to recompute ALP
Apr 12, 2024
- In Favour of Both, Partially
- Citation Number : TS-139-ITAT-2024(Kol)-TP
- Tax Payer : GE Healthcare Finland Oy
High Court
HC: No assessment order framed after TPO's order; Directs Revenue to examine refund claim
Apr 12, 2024
- In Favour of Assessee
- Citation Number : TS-140-HC-2024(DEL)-TP
- Tax Payer : Evalueserve.com Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on valuation principles, circle rates for DLF Urban; Rejects S.92BA(i) applicability
Apr 10, 2024
- In Favour of Assessee
- Citation Number : TS-138-ITAT-2024(DEL)-TP
- Tax Payer : DLF Urban Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Examines ALP of royalty payment, considers consistency in conduct while interpreting agreements
Apr 10, 2024
- In Favour of Assessee
- Citation Number : TS-137-ITAT-2024(DEL)-TP
- Tax Payer : CRM Services India Pvt Ltd
High Court
HC: Confirms ITAT’s deletion of TP adjustment qua IGS; Dismisses Revenue’s appeal
Apr 04, 2024
- In Favour of Assessee
- Citation Number : TS-136-HC-2024(DEL)-TP
- Tax Payer : A T Kearney Limited