Updates ( 7568 results )
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
ITAT: Deletes SDT-adjustment basis omission of Sec.92BA(i), follows precedent
Feb 06, 2024
- In Favour of Assessee
- Citation Number : TS-32-ITAT-2024(Mum)-TP
- Tax Payer : Infrastructure Leasing and Financial Services Limited
HC: Dismisses Revenue's appeal against ITAT order deleting AMP-adjustment qua Adidas India
Feb 06, 2024
- In Favour of Assessee
- Citation Number : TS-33-HC-2024(DEL)-TP
- Tax Payer : Adidas India Marketing Pvt Ltd
ITAT: Upholds revision order citing deviation in treatment of forex loss without reason
Feb 05, 2024
- In Favour of Revenue
- Citation Number : TS-28-ITAT-2024(HYD)-TP
- Tax Payer : Corteva Agriscience Services India Private Limited
ITAT: Applies corporate guarantee fee @ 0.5%; Accepts assessee's weighted average rate w.r.t loan-interest
Feb 05, 2024
- In Favour of Both, Partially
- Citation Number : TS-29-ITAT-2024(Mum)-TP
- Tax Payer : The Tata Power Co Ltd
ITAT: Excludes functionally-dissimilar Nihilent Ltd resulting in deletion of entire adjustment
Feb 02, 2024
- In Favour of Assessee
- Citation Number : TS-26-ITAT-2024(Mum)-TP
- Tax Payer : Ingram Micro India SSC Private Limited
ITAT: Character of loan, whether quasi-capital, to be seen at time of advancement
Feb 02, 2024
- In Favour of Both, Partially
- Citation Number : TS-27-ITAT-2024(Ahd)-TP
- Tax Payer : Intas Pharmaceuticals Ltd.
ITAT: Deletes TP-adjustment on account of corporate guarantee; Follows precedent
Feb 01, 2024
- In Favour of Assessee
- Citation Number : TS-1268-ITAT-2019(Kol)-TP
- Tax Payer : Hindusthan National Glass & Industries
ITAT: Allows Sec.80IA deduction qua sale of power, follows precedents
Jan 31, 2024
- In Favour of Assessee
- Citation Number : TS-21-ITAT-2024(RAI)-TP
- Tax Payer : Mahendra Sponge & Power Pvt Ltd
HC: Disposes of appeal against Tribunal’s order deleting corporate-guarantee adjustment; Follows precedent
Jan 31, 2024
- In Favour of Assessee
- Citation Number : TS-23-HC-2024(CAL)-TP
- Tax Payer : Hindusthan National Glass & Industries Limited
ITAT: Deletes interest on share application money pending allotment; Follows earlier order
Jan 30, 2024
- In Favour of Assessee
- Citation Number : TS-20-ITAT-2024(Mum)-TP
- Tax Payer : Strides Pharma Science Ltd
HC: Directs AO to pass assessment order pursuant to ITAT remand within statutory timeline
Jan 30, 2024
- In Favour of Assessee
- Citation Number : TS-748-HC-2023(DEL)-TP
- Tax Payer : Aircom International (India) Pvt Ltd
ITAT: Deletes TP adjustment qua sale of power u/s 80IA; Follows earlier order
Jan 29, 2024
- In Favour of Assessee
- Citation Number : TS-18-ITAT-2024(Mum)-TP
- Tax Payer : Birla Corporation Limited
HC: Condones delay of 1692 days basis TPO’s failure to communicate remarks to CIT
Jan 29, 2024
- In Favour of Revenue
- Citation Number : TS-19-HC-2024(MAD)-TP
- Tax Payer : Doowan Automatic System India Pvt Ltd
HC: Closes assessee’s appeal on comparables’-selection and receivables adjustment issue
Jan 25, 2024
- In Favour of None/NA
- Citation Number : TS-747-HC-2023(DEL)-TP
- Tax Payer : Corning SAS-India Branch Office
ITAT: Confirms royalty benchmarking under TNMM at entity level; Follows earlier orders
Jan 24, 2024
- In Favour of Assessee
- Citation Number : TS-16-ITAT-2024(Bang)-TP
- Tax Payer : Toyota Kirloskar Motor Private Limited
ITAT: Directs AO to give effect to TPO's order u/s. 154 excluding 3 comparables
Jan 24, 2024
- In Favour of Assessee
- Citation Number : TS-17-ITAT-2024(Mum)-TP
- Tax Payer : Maersk global Service Center India P Ltd
ITAT: Deletes notional interest on AE receivables, share application money; Applies rule of consistency
Jan 23, 2024
- In Favour of Assessee
- Citation Number : TS-15-ITAT-2024(Mum)-TP
- Tax Payer : Strides Pharma Science Ltd