Rulings ( 10512 results )

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Income tax Appellate Tribunal

ITAT: Rejects aggregation approach, remits IGS-adjustment citing lack of supporting documents

Feb 11, 2025
  • In Favour of Assessee
  • Citation Number : TS-38-ITAT-2025(Bang)-TP
  • Tax Payer : Caterpillar Financial Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts guarantee commission @ 0.50%, upholds royalty adjustment, remits AMP-adjustment

Feb 11, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-39-ITAT-2025(CHNY)-TP
  • Tax Payer : TVS Motor Company Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment w.r.t interest on outstanding receivables, follows Kusum Healthcare ratio

Feb 10, 2025
  • In Favour of Assessee
  • Citation Number : TS-36-ITAT-2025(DEL)-TP
  • Tax Payer : Brake Parts India Private Limited
Income tax Appellate Tribunal

ITAT: NIL ALP of management-fee payment would lead to tax-base erosion, deletes TP-addition

Feb 10, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-37-ITAT-2025(Mum)-TP
  • Tax Payer : NGA HR (India) Private Limited
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s determination of corporate-guarantee commission at 0.41%, subsequent adjustment deletion

Feb 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-33-ITAT-2025(Mum)-TP
  • Tax Payer : Greatship (India) Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal against CIT(A)’s deletion of TP adjustment qua corporate-guarantee; Cites low tax effect

Feb 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-34-ITAT-2025(Mum)-TP
  • Tax Payer : Blue Star Diamonds Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes final order as time-barred, AO had sufficient time to pass consequential order u/s. 144C(13)

Feb 07, 2025
  • In Favour of Assessee
  • Citation Number : TS-35-ITAT-2025(HYD)-TP
  • Tax Payer : Ivy Competech Private Limited
Income tax Appellate Tribunal

ITAT: Fixes guarantee fee @0.53%; Leaves open functional classification of KPO v. software-developer

Feb 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-30-ITAT-2025(HYD)-TP
  • Tax Payer : CYIENT Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of adjustment w.r.t documentation-charges; Assessee acted as agent of Principal-AE

Feb 06, 2025
  • In Favour of Assessee
  • Citation Number : TS-32-ITAT-2025(Mum)-TP
  • Tax Payer : Wan HAI (Lines) Private Limited
High Court

HC: Disposes NDTV's appeal; AO to first examine whether 'obligation/undertaking' constitutes international transaction

Feb 06, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-31-HC-2025(DEL)-TP
  • Tax Payer : New Delhi Television Ltd
Income tax Appellate Tribunal

ITAT: AMP-expenses cannot be alleged to be excessive on theoretical principles, deletes adjustment

Feb 05, 2025
  • In Favour of Assessee
  • Citation Number : TS-29-ITAT-2025(DEL)-TP
  • Tax Payer : Fujitsu India Pvt Ltd
Income tax Appellate Tribunal

ITAT: TP-analysis by both Assessee & TPO faulty, remits TP-adjustment qua trading activity

Feb 04, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-584-ITAT-2024(Bang)-TP
  • Tax Payer : Kabelschlepp India Pvt Ltd
High Court

HC: Refuses to admit Revenue’s appeal against deletion of TP-adjustment w.r.t IGS

Feb 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-585-HC-2024(DEL)-TP
  • Tax Payer : AT And T Global Network Services (India) Pvt. Ltd
High Court

HC: Upholds ITAT’s decision holding interest on outstanding receivables as not international transaction

Feb 04, 2025
  • In Favour of Assessee
  • Citation Number : TS-586-HC-2024(DEL)-TP
  • Tax Payer : At&T Communication Services India Pvt. Ltd
High Court

HC: Dismisses Revenue’s appeal; Holds Double Irish model irrelevant to income accrued in India

Jan 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-28-HC-2025(DEL)-TP
  • Tax Payer : Adobe Systems Software Ireland Limited
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustment qua payments for technical services & regional support services

Jan 31, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-27-ITAT-2025(HYD)-TP
  • Tax Payer : KH Facility Solutions India Private Limited
High Court

HC: Order raising demand, without reference to mandatory requirement of Sec.144C, not 'draft order'

Jan 31, 2025
  • In Favour of Assessee
  • Citation Number : TS-583-HC-2024(MAD)-TP
  • Tax Payer : Lason India Pvt. Ltd
High Court

HC: No absolute proposition that guarantee-commission should follow particular range/formula, remands issue

Jan 29, 2025
  • In Favour of Revenue
  • Citation Number : TS-26-HC-2025(BOM)-TP
  • Tax Payer : Laqshya Media Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds SEB-rate as market price for inter-unit electricity supply, follows Jindal Steel SC-ruling

Jan 29, 2025
  • In Favour of Assessee
  • Citation Number : TS-580-ITAT-2024(DEL)-TP
  • Tax Payer : ACB India Ltd
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s deletion of Sec.271G penalty levied on diamond trader; Follows earlier order

Jan 29, 2025
  • In Favour of Assessee
  • Citation Number : TS-581-ITAT-2024(Mum)-TP
  • Tax Payer : Kapu Gems LLP