Updates ( 7565 results )
ITAT: Deletes TP-adjustment for AMP expenses alleged as brand promotion; Follows earlier orders
Feb 21, 2024
- In Favour of Assessee
- Citation Number : TS-55-ITAT-2024(CHNY)-TP
- Tax Payer : Hyundai Motor India Limited
ITAT: No change in facts to deviate from TNMM to CUP; Confirms rejection of multiple/ prior year data
Feb 16, 2024
- In Favour of Both, Partially
- Citation Number : TS-49-ITAT-2024(VIZ)-TP
- Tax Payer : Teejay India Private Limited
ITAT: Deletes TP-adjustments qua Letter of comfort, interest on delayed realization
Feb 16, 2024
- In Favour of Assessee
- Citation Number : TS-50-ITAT-2024(Mum)-TP
- Tax Payer : Tata International Limited
ITAT: Rejects assessee’s own recharacterization as distributor, upholds CUP to benchmark API-import
Feb 15, 2024
- In Favour of Both, Partially
- Citation Number : TS-48-ITAT-2024(Mum)-TP
- Tax Payer : Fulford (India) Limited
ITAT: Excludes functionally dissimilar comparables, directs AO/TPO to examine working capital adjustment
Feb 15, 2024
- In Favour of Both, Partially
- Citation Number : TS-47-ITAT-2024(VIZ)-TP
- Tax Payer : Brandix Apparel India Private Limited
ITAT: Confirms CIT(A)’s deletion of TP-adjustment qua sale of power u/s.80IA; Follows precedents
Feb 14, 2024
- In Favour of Assessee
- Citation Number : TS-46-ITAT-2024(Kol)-TP
- Tax Payer : IFB Agro Industries Ltd
HC: Dismisses Revenue's appeal against ITAT order quashing time-barred assessment u/s.144C
Feb 14, 2024
- In Favour of Assessee
- Citation Number : TS-45-HC-2024(DEL)-TP
- Tax Payer : Fiberhome India Private Limited
ITAT: Holds final order passed by AO beyond limitation u/s.144C as void
Feb 14, 2024
- In Favour of Assessee
- Citation Number : TS-749-ITAT-2023(DEL)-TP
- Tax Payer : Fiberhome India Private Limited
ITAT: Remits economic adjustments towards excess depreciation, capacity under-utilization
Feb 13, 2024
- In Favour of Both, Partially
- Citation Number : TS-43-ITAT-2024(Mum)-TP
- Tax Payer : Schott Glass India Pvt Ltd
HC: Refuses to interfere with ITAT’s deletion of TP-adjustment on purchase, sale transactions
Feb 13, 2024
- In Favour of Assessee
- Citation Number : TS-42-HC-2024(DEL)-TP
- Tax Payer : Fresenius Kabi Oncology Ltd
HC: Foreign AE can be tested party; Dismisses Revenue’s appeal
Feb 12, 2024
- In Favour of Assessee
- Citation Number : TS-40-HC-2024(CAL)-TP
- Tax Payer : ITC Infotech India Ltd
HC: Dismisses Revenue's appeal against ITAT's confirmation of 0.5% guarantee commission
Feb 12, 2024
- In Favour of Assessee
- Citation Number : TS-41-HC-2024(CAL)-TP
- Tax Payer : Karam Chand Thapar & Bros. Coal Sales Limited
ITAT: Accepts foreign-AE as tested party, deletes other TP-adjustments; Follows earlier order
Feb 12, 2024
- In Favour of Assessee
- Citation Number : TS-941-ITAT-2022(Kol)-TP
- Tax Payer : ITC Infotech India Ltd
ITAT: Remits TP-adjustment qua alleged interest receivable on AE-advance, follows earlier order
Feb 09, 2024
- In Favour of Assessee
- Citation Number : TS-38-ITAT-2024(DEL)-TP
- Tax Payer : BSC C&C Joint Venture
ITAT: Deletes TP-adjustments qua export commission, royalty payment; Follows earlier orders
Feb 09, 2024
- In Favour of Assessee
- Citation Number : TS-39-ITAT-2024(DEL)-TP
- Tax Payer : Honda Motorcycle & Scooter India Pvt Ltd
ITAT: Excludes comparables in SWD segment; Remits outstanding receivables adjustment; Follows precedents
Feb 08, 2024
- In Favour of Both, Partially
- Citation Number : TS-36-ITAT-2024(Bang)-TP
- Tax Payer : Infineon Technologies India Pvt Ltd
HC: Dismisses assessee’s appeal against ITAT order recalled on guarantee fee adjustment
Feb 08, 2024
- In Favour of None/NA
- Citation Number : TS-37-HC-2024(GUJ)-TP
- Tax Payer : Bosch Rexroth (India) Ltd
ITAT: Holds CIT(A) not empowered to restore matter back to AO u/s 251
Feb 07, 2024
- In Favour of Assessee
- Citation Number : TS-35-ITAT-2024(Mum)-TP
- Tax Payer : AJE India Pvt Ltd
ITAT: Rules on comparables in trading segment; Restricts ALP to AE transactions
Feb 07, 2024
- In Favour of Both, Partially
- Citation Number : TS-34-ITAT-2024(Bang)-TP
- Tax Payer : Yokogawa India Ltd
ITAT: Extends stay of Rs.1833.22 crores for 6 months; Follows Pepsi Foods, SAP Labs rulings
Feb 06, 2024
- In Favour of Assessee
- Citation Number : TS-31-ITAT-2024(Bang)-TP
- Tax Payer : Xiaomi Technology India Pvt. Ltd