Updates ( 7565 results )

HC: 'Change of opinion’ no reason to believe income escapement; Disposes of writ

  • In Favour of Assessee
  • Citation Number : TS-79-HC-2024(BOM)-TP
  • Tax Payer : Sanofi India Limited (formerly Aventis Pharma Limited)

ITAT: Dismisses final order, variations in final order not proposed in draft order

  • In Favour of Assessee
  • Citation Number : TS-74-ITAT-2024(DEL)-TP
  • Tax Payer : Mobase India Pvt Ltd

ITAT: Rules on TP-adjustments qua capital infusion, licensing & custodian fees, loan-interest, etc.

  • In Favour of Both, Partially
  • Citation Number : TS-76-ITAT-2024(Ahd)-TP
  • Tax Payer : Torrent Pharmaceuticals Ltd

ITAT: Deletes TP-adjustment qua export of formulations, accepts foreign AE as tested party

  • In Favour of Assessee
  • Citation Number : TS-70-ITAT-2024(Mum)-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd

ITAT: Deletes TP-adjustment qua interest on loan; Considers tenure, commercial prudence

  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2024(DEL)-TP
  • Tax Payer : Maharashtra Seamless Ltd

ITAT: Rules on comparables, TP adjustment on interest, outstanding receivables; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-72-ITAT-2024(Mum)-TP
  • Tax Payer : Varian Medical Systems International India Private Limited

ITAT: Deletes TP-adjustments w.r.t corporate guarantee fee, loan-interest, expense reimbursement

  • In Favour of Assessee
  • Citation Number : TS-68-ITAT-2024(Ahd)-TP
  • Tax Payer : Zydus Lifesciences Ltd

HC: Dismisses Revenue’s appeal against Tribunal’s order on MA u/s 254(2)

  • In Favour of Assessee
  • Citation Number : TS-69-HC-2024(DEL)-TP
  • Tax Payer : Fiserv India Pvt Ltd

ITAT: Deletes TP-adjustment for interbank indemnities issued by overseas branches, upholds TNMM

  • In Favour of Assessee
  • Citation Number : TS-67-ITAT-2024(Mum)-TP
  • Tax Payer : The Bank of Nova Scotia

ITAT: Remands disallowance computation, cites AO's failure to follow DRP-order in true sense

  • In Favour of Both, Partially
  • Citation Number : TS-65-ITAT-2024(Mum)-TP
  • Tax Payer : Pacific Internet India Pvt Ltd

HC: Allows assessee’s writ petition on refund of tax deposited for grant of stay

  • In Favour of Assessee
  • Citation Number : TS-66-HC-2024(DEL)-TP
  • Tax Payer : Navisite India Pvt. Ltd

HC: Disposes Revenue's appeal citing expiry of ITAT-order extending stay of demand

  • In Favour of Assessee
  • Citation Number : TS-64-HC-2024(MAD)-TP
  • Tax Payer : Durr India Private Limited

ITAT: Remits TP-adjustment qua notional interest on outstanding receivables

  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2024(Bang)-TP
  • Tax Payer : Altisource Business Solutions Private Ltd

ITAT: Dismisses assessee's MA seeking rectification of Tribunal order on comparable-selection

  • In Favour of Revenue
  • Citation Number : TS-61-ITAT-2024(DEL)-TP
  • Tax Payer : Louis Dreyfur Commodities India Pvt Ltd

ITAT: Directs TPO to follow DRP’s directions w.r.t aggregation approach, TNMM application

  • In Favour of Assessee
  • Citation Number : TS-62-ITAT-2024(Kol)-TP
  • Tax Payer : Linde India Ltd (formerly BOC India Ltd)

ITAT: Grants stay of demand to DLF Midtown w.r.t SDT-adjustment u/s.92BA

  • In Favour of Assessee
  • Citation Number : TS-59-ITAT-2024(DEL)-TP
  • Tax Payer : DLF Midtown P Ltd

ITAT: Deletes addition qua commission on SBLC; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-58-ITAT-2024(DEL)-TP
  • Tax Payer : Bhartiya International Ltd

ITAT: Deletes notional interest on outstanding receivables; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2024(DEL)-TP
  • Tax Payer : TCI-GO Vacation India Private Limited

ITAT: Dismisses assessee’s MA qua interest on receivables, invoice-wise details not filed earlier

  • In Favour of Revenue
  • Citation Number : TS-56-ITAT-2024(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.

ITAT: Upholds comparables selected by TPO/DRP; Remits interest on outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-54-ITAT-2024(VIZ)-TP
  • Tax Payer : Teejay India Private Limited