Rulings ( 10512 results )

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Income tax Appellate Tribunal

ITAT: Rejects TPO’s entity level adjustment for seed testing, restricts to AE-transactions; Remits IGS adjustment

Jan 29, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-582-ITAT-2024(HYD)-TP
  • Tax Payer : Limagrain India Private Limited
High Court

HC: Limitation not dependent on user-options, starts from earliest instance when DRP-directions become visible to AO

Jan 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-579-HC-2024(MAD)-TP
  • Tax Payer : Ramco Cements Ltd
Income tax Appellate Tribunal

ITAT: Excludes Infomile Technology over functional dissimilarity; Directs application of LIBOR + 300 basis points next year

Jan 28, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-25-ITAT-2025(Bang)-TP
  • Tax Payer : OSI Energy Automation India Private Ltd
Income tax Appellate Tribunal

ITAT: Follows earlier order, upholds deletion of adjustment qua inter-unit transfer of goods, etc

Jan 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-24-ITAT-2025(DEL)-TP
  • Tax Payer : Dharampal Satyapal Ltd
Income tax Appellate Tribunal

ITAT: Rejects DRP’s recharacterization of assessee’s activity as SWD service provider; Remits issue

Jan 28, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-578-ITAT-2024(DEL)-TP
  • Tax Payer : Software AG India Sales Private Limited
Income tax Appellate Tribunal

ITAT: Holds assessee not 'eligible' u/s.144C, notes TP-adjustment made qua separate entity which got amalgamated

Jan 28, 2025
  • In Favour of Assessee
  • Citation Number : TS-577-ITAT-2024(Mum)-TP
  • Tax Payer : Novateur Electrical and Digital Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts additional evidence, remits TP-adjustment qua purchase of books

Jan 27, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-22-ITAT-2025(DEL)-TP
  • Tax Payer : Bloomsbury Publishing India Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments qua IGS, payment of sales margin; Applies rule of consistency

Jan 27, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-23-ITAT-2025(Kol)-TP
  • Tax Payer : TDK India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes Satyam Venture as export sales included consolidated results of other subsidiaries

Jan 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-19-ITAT-2025(Bang)-TP
  • Tax Payer : Weir Minerals (India) Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua IGS made on basis of wrong premises & adhoc estimation

Jan 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-20-ITAT-2025(Mum)-TP
  • Tax Payer : Lanxess India Private Ltd.
Income tax Appellate Tribunal

ITAT: Holds penalty order passed in perfunctory manner, considers transactions recorded at ALP

Jan 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-21-ITAT-2025(Ahd)-TP
  • Tax Payer : Priya Blue Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sec.92BA applicability independent from deduction-claim u/s.80-IA, upholds SDT-adjustment

Jan 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-18-ITAT-2025(HYD)-TP
  • Tax Payer : Sanghi Industries Limited
Supreme Court

SC: Dismisses Amadeus India’s SLP w.r.t AMP adjustment on ground of delay

Jan 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-16-SC-2025-TP
  • Tax Payer : AMADEUS INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed in name of non-existent merged company

Jan 23, 2025
  • In Favour of Assessee
  • Citation Number : TS-17-ITAT-2025(DEL)-TP
  • Tax Payer : Mentor Graphics (Noida) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs TPO to benchmark interest on debentures based on comparable international transactions

Jan 22, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-14-ITAT-2025(CHNY)-TP
  • Tax Payer : Sundram Fasteners Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to comply with DRP’s direction granting ± 3% adjustment; Remits issue

Jan 22, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-15-ITAT-2025(Ahd)-TP
  • Tax Payer : HITACHI HI REL POWER ELECTRONICS PVT LTD
High Court

HC: Affirms deletion of adjustment qua transfer of power, refers to Jindal Steel SC-ruling

Jan 22, 2025
  • In Favour of Assessee
  • Citation Number : TS-13-HC-2025(DEL)-TP
  • Tax Payer : DCM Shriram Ltd
Income tax Appellate Tribunal

ITAT: Remits plea related to treatment of warranty provision written back as operating in nature

Jan 21, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-11-ITAT-2025(Mum)-TP
  • Tax Payer : Sirona Dental Systems Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A) applying LIBOR as interest rate on outstanding receivables

Jan 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-12-ITAT-2025(CHNY)-TP
  • Tax Payer : Saipem India Projects Limited
High Court

HC: Assessment on non-existent entity, a fatal flaw, cannot be rescued u/s 292B; Distinguishes Sky Light decision

Jan 17, 2025
  • In Favour of Assessee
  • Citation Number : TS-10-HC-2025(DEL)-TP
  • Tax Payer : Vedanta Ltd