Updates ( 7559 results )
ITAT: Upholds benchmarking under TNMM at entity level; Follows Assessee’s earlier order
Nov 15, 2024
- In Favour of Assessee
- Citation Number : TS-481-ITAT-2024(Mum)-TP
- Tax Payer : Hindustan Unilever Limited
HC: Adjourns Revenue's appeals qua TP-order limitation considering challenge pending before SC
Nov 15, 2024
- In Favour of Assessee
- Citation Number : TS-480-HC-2024(BOM)-TP
- Tax Payer : Dow Agroscience India Pvt Ltd
ITAT: Holds no negative working-capital adjustment for Cognizant Technology, being captive service provider
Nov 14, 2024
- In Favour of Assessee
- Citation Number : TS-478-ITAT-2024(CHNY)-TP
- Tax Payer : Cognizant Technology Solutions India P. Ltd
ITAT: Remits issues as Assessee’s evidence not considered by AO/DRP
Nov 14, 2024
- In Favour of Both, Partially
- Citation Number : TS-479-ITAT-2024(Mum)-TP
- Tax Payer : DSV Air & Seas Private Ltd
ITAT: Rules against Benetton India; Upholds adjustment qua reimbursement of consultancy expenses
Nov 13, 2024
- In Favour of Revenue
- Citation Number : TS-476-ITAT-2024(DEL)-TP
- Tax Payer : Benetton India Pvt. Ltd
ITAT: Considers amount payable to AE for adjustment; Adopts LIBOR +200 as interest rate for receivables
Nov 13, 2024
- In Favour of Assessee
- Citation Number : TS-477-ITAT-2024(HYD)-TP
- Tax Payer : SGB Brandsafway Private Limited
ITAT: Holds no separate benchmarking of royalty payment required; Follows Assessee’s earlier order
Nov 12, 2024
- In Favour of Assessee
- Citation Number : TS-473-ITAT-2024(Bang)-TP
- Tax Payer : Toyota Kirloskar Motor P. Ltd
ITAT: Remits TP-adjustment w.r.t write-off of advances, comparables' selection, outstanding receivables, etc
Nov 12, 2024
- In Favour of Both, Partially
- Citation Number : TS-474-ITAT-2024(COCH)-TP
- Tax Payer : US Technology International Pvt Ltd
ITAT: Deletes TP-adjustments w.r.t sale of 'call option', purchase of business, interest on CCDs
Nov 11, 2024
- In Favour of Assessee
- Citation Number : TS-471-ITAT-2024(Mum)-TP
- Tax Payer : Indorama Ventures Oxides Ankleshwar Private Limited
ITAT: Adopts 0.50% over TPO’s 1.9% as corporate guarantee commission; Deletes adjustment
Nov 11, 2024
- In Favour of Assessee
- Citation Number : TS-472-ITAT-2024(VIZ)-TP
- Tax Payer : 3F Industries Limited
ITAT: Finds no error in CIT(A)’s deletion of Sec.271G-penalty for diamond merchant
Nov 08, 2024
- In Favour of Assessee
- Citation Number : TS-469-ITAT-2024(Mum)-TP
- Tax Payer : Parishi Diamonds
ITAT: Holds assessment order u/s.143(3) r.w.s. 144C(3) as time-barred, follows JP Morgan Chase’s case
Nov 08, 2024
- In Favour of Assessee
- Citation Number : TS-470-ITAT-2024(CHNY)-TP
- Tax Payer : Dalmia Cement (Bharat) Limited
ITAT: Finds no infirmity in CIT(A) following binding precedent to delete Sec.271G-penalty
Nov 07, 2024
- In Favour of Assessee
- Citation Number : TS-467-ITAT-2024(Mum)-TP
- Tax Payer : Blue Star Diamonds Pvt Ltd
ITAT: Deletes payment of service fees adjustment; Grants working capital adjustment for software/marketing support services
Nov 07, 2024
- In Favour of Assessee
- Citation Number : TS-468-ITAT-2024(Mum)-TP
- Tax Payer : Red Hat India Private Limited
ITAT: PCIT had no jurisdiction to revise TPO's order; Quashes Sec.263-order for Amazon India
Nov 06, 2024
- In Favour of Assessee
- Citation Number : TS-463-ITAT-2024(DEL)-TP
- Tax Payer : Amazon Web Services India Private Limited
ITAT: Remits adjustments qua brand-royalty payment and expense reimbursement for Vodafone India
Nov 06, 2024
- In Favour of Assessee
- Citation Number : TS-465-ITAT-2024(Mum)-TP
- Tax Payer : Vodafone India Limited
ITAT: Quashes PCIT’s revisionary order; AO's order not erroneous absent fresh TPO-reference
Nov 05, 2024
- In Favour of Assessee
- Citation Number : TS-461-ITAT-2024(DEL)-TP
- Tax Payer : Tinna Trade Ltd
ITAT: Invalidates TPO-reference, considers SDT-definition & omission of Sec.92BA(i)
Nov 05, 2024
- In Favour of Assessee
- Citation Number : TS-462-ITAT-2024(CHANDI)-TP
- Tax Payer : Saraswati Agro Chemicals (India) Pvt Ltd
ITAT: Excludes 4 comparables with different FAR; Treats forex loss/gain as non-operating income
Nov 04, 2024
- In Favour of Both, Partially
- Citation Number : TS-459-ITAT-2024(DEL)-TP
- Tax Payer : Rio Tinto India Pvt Ltd
ITAT: Deletes TP-adjustments for transfer of electricity/steam; Follows Assessee’s earlier order
Nov 04, 2024
- In Favour of Assessee
- Citation Number : TS-460-ITAT-2024(CHANDI)-TP
- Tax Payer : Vardhman Textiles Limited