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ITAT: Quashes assessment order u/s 147 r.w.s. 144C(13) as time-barred absent TPO-reference

Dec 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-511-ITAT-2024(HYD)-TP
  • Tax Payer : Mir Ibrahim Ali

ITAT: Imputes ALP-commission on SBLC @ 1% over TPO's 4.01%, considers Everest Kento ruling

Dec 09, 2024
  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2024(DEL)-TP
  • Tax Payer : ANAND NVH PRODUCTS PRIVATE LIMITED

ITAT: Quashes assessment order passed in non-compliance of Sec.144C, NRI-assessee's attitude immaterial

Dec 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-510-ITAT-2024(Mum)-TP
  • Tax Payer : Hasmukh Dipchand Gardi

HC: Dismisses Revenue’s appeal against ITAT-order invalidating TPO-reference qua SDT u/s.92BA(i)

Dec 06, 2024
  • In Favour of Assessee
  • Citation Number : TS-509-HC-2024(KAR)-TP
  • Tax Payer : TT Steel Service India Pvt Ltd

ITAT: Remits adjustment qua marketing & distribution expenses, deletes club-service expenditure adjustment

Dec 05, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-506-ITAT-2024(Bang)-TP
  • Tax Payer : AstraZeneca Pharma India Ltd

ITAT: Deletes TP-adjustment qua management fee payment; Follows precedents

Dec 05, 2024
  • In Favour of Assessee
  • Citation Number : TS-507-ITAT-2024(Mum)-TP
  • Tax Payer : Otis Elevator Company (India) Limited

ITAT: Upholds CIT(A)’s deletion of TP-adjustment qua management service charges

Dec 02, 2024
  • In Favour of Assessee
  • Citation Number : TS-500-ITAT-2024(Ahd)-TP
  • Tax Payer : Schaeffler India Limited

ITAT: Remands comparables selection, predecessor's order cannot be sole basis for CIT(A)'s decision

Dec 02, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-502-ITAT-2024(PUN)-TP
  • Tax Payer : Renishaw Metrology Systems Ltd

ITAT: Charges 0.50% fee for corporate guarantee, follows Assessee’s earlier order

Nov 27, 2024
  • In Favour of Assessee
  • Citation Number : TS-498-ITAT-2024(VIZ)-TP
  • Tax Payer : 3F Industries Limited

ITAT: Applies 10 times turnover filter & 6% on deferred receivables; Follows earlier order

Nov 27, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-499-ITAT-2024(HYD)-TP
  • Tax Payer : Benu Networks Packet Switch Private Limited

ITAT: Dismisses Assessee’s appeal as withdrawn as issues covered in APA

Nov 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-497-ITAT-2024(Mum)-TP
  • Tax Payer : Deutsche India Pvt Ltd (Formerly DBOI Global Services Ltd)

ITAT: Restricts corporate guarantee rate at 0.5% as been settled over period of time

Nov 26, 2024
  • In Favour of Assessee
  • Citation Number : TS-496-ITAT-2024(Kol)-TP
  • Tax Payer : EIH Limited

HC: Remits issue w.r.t inclusion of comparable, assessee's contention qua functional dissimilarity not considered

Nov 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-495-HC-2024(DEL)-TP
  • Tax Payer : Sequential Technology International India Pvt Ltd

ITAT: Rules on comparables' selection, treatment of written-back liabilities, economic adjustments, etc.

Nov 25, 2024
  • In Favour of Assessee
  • Citation Number : TS-494-ITAT-2024(DEL)-TP
  • Tax Payer : Imsofer Manufacturing India Pvt Ltd

ITAT: Sets aside time-barred assessment-order, considers date of uploading DRP order

Nov 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-492-ITAT-2024(DEL)-TP
  • Tax Payer : Hyundai Rotem Company Indian Project Offices

ITAT: Admits assessee’s additional evidence regarding rendition of IGS; Remits issue

Nov 22, 2024
  • In Favour of Assessee
  • Citation Number : TS-493-ITAT-2024(DEL)-TP
  • Tax Payer : Axalta Coating Systems India Pvt Ltd

ITAT: Allows Assessee's miscellaneous application, sets aside working capital adjustment

Nov 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-490-ITAT-2024(Bang)-TP
  • Tax Payer : Toyota Tsusho India Pvt. Ltd

ITAT: Allows stay-application filed by Volvo Group India; Directs AO to keep outstanding demand in abeyance

Nov 21, 2024
  • In Favour of Assessee
  • Citation Number : TS-489-ITAT-2024(Bang)-TP
  • Tax Payer : Volvo Group India Pvt Ltd

ITAT: Remits transaction w.r.t outstanding trade receivables for fresh adjudication

Nov 20, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-487-ITAT-2024(Bang)-TP
  • Tax Payer : IHS Global Private Limited

ITAT: Confirms Sec.10AA deduction on assessee’s voluntary TP-adjustment pursuant to APA

Nov 20, 2024
  • In Favour of Assessee
  • Citation Number : TS-486-ITAT-2024(Bang)-TP
  • Tax Payer : EYGBS (India) Pvt Ltd