Updates ( 7761 results )

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ITAT: Excludes comparables engaged in drug-discovery, deletes IGS and AMP-expenses additions

Mar 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-109-ITAT-2025(Kol)-TP
  • Tax Payer : Philips India Limited

SC: Dismisses Revenue’s application seeking condonation of delay along with SLP in case of Cummins India

Mar 26, 2025
  • In Favour of Assessee
  • Citation Number : TS-108-SC-2025-TP
  • Tax Payer : Cummins India Limited

ITAT: Rejects TPO’s aggregation approach for benchmarking IGS, considers diversity involved

Mar 25, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-106-ITAT-2025(DEL)-TP
  • Tax Payer : McCann Erickson India Pvt. Ltd

ITAT: Allows assessee's appeal against TP-addition qua receipt of commission

Mar 25, 2025
  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2025(DEL)-TP
  • Tax Payer : T K Elevators India Private Limited

ITAT: Confirms SBI PLR over LIBOR for benchmarking interest on CCDs; Deletes addition

Mar 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-105-ITAT-2025(HYD)-TP
  • Tax Payer : Sanchore Renewable Pvt Ltd

ITAT: Deletes TP-adjustment qua performance guarantee and letter of comfort

Mar 24, 2025
  • In Favour of Assessee
  • Citation Number : TS-104-ITAT-2025(Mum)-TP
  • Tax Payer : Shapoorji Pallonji and Company Private Limited

ITAT: Rejects TPO's NIL ALP qua cost-sharing charges absent adoption of any prescribed method

Mar 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-101-ITAT-2025(PUN)-TP
  • Tax Payer : Rehau Polymers Pvt Ltd

ITAT: Excludes functionally dissimilar comparables pertaining to production services and SWD

Mar 21, 2025
  • In Favour of Assessee
  • Citation Number : TS-102-ITAT-2025(Mum)-TP
  • Tax Payer : HERE Solutions India Private Limited

ITAT: Rules on TP-adjustment qua AMP expenses, royalty payment, R&D services etc; Follows earlier-orders

Mar 21, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-103-ITAT-2025(Kol)-TP
  • Tax Payer : Reckitt Benckiser (India) Limited

HC: Disposes Revenue’s appeal challenging ITAT’s order on comparables-selection

Mar 21, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-589-HC-2024(KAR)-TP
  • Tax Payer : Analog Devices India Pvt Ltd

HC: Confirms ITAT’s adoption of TNMM over CUP for benchmarking IGS transaction

Mar 20, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-588-HC-2024(KAR)-TP
  • Tax Payer : Bostik India Private Limited

ITAT: Excludes functionally dissimilar comparables for SWD segment; Remits interest on outstanding receivables

Mar 20, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-98-ITAT-2025(Mum)-TP
  • Tax Payer : Varian Medical Systems International India Private Limited

ITAT: Remands Sec. 271(1)(c) penalty issue, considering relief granted by Tribunal while deciding quantum appeal

Mar 20, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-99-ITAT-2025(PUN)-TP
  • Tax Payer : Imsofer Manufacturing India Pvt Ltd

ITAT: Deletes TP-adjustment qua electricity-transfer; Holds wheeling charges not required to be adjusted

Mar 20, 2025
  • In Favour of Assessee
  • Citation Number : TS-97-ITAT-2025(CHNY)-TP
  • Tax Payer : MRF Limited

ITAT: Excludes Tata Elxsi, Infosys etc citing high turnover, huge brand value, functional dissimilarity

Mar 19, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-93-ITAT-2025(HYD)-TP
  • Tax Payer : IVY software Development Services Private Limited

ITAT: PCIT cannot substitute TPO's plausible view w.r.t interest on CCDs, quashes revisionary jurisdiction

Mar 19, 2025
  • In Favour of Assessee
  • Citation Number : TS-96-ITAT-2025(DEL)-TP
  • Tax Payer : DLF Midtown P Ltd

ITAT: Adjudicates Volvo India's stay petition, directs furnishing bank guarantee for 20% outstanding demand

Mar 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-92-ITAT-2025(Bang)-TP
  • Tax Payer : Volvo Group India Pvt Ltd

ITAT: Quashes AO’s order as invalid and barred by limitation; Follows precedents

Mar 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-90-ITAT-2025(DEL)-TP
  • Tax Payer : Adidas India Marketing Pvt Ltd

ITAT: Directs Revenue to adopt rate under BAPA with UK-AE for transactions with US-AE w.r.t ITES

Mar 18, 2025
  • In Favour of Assessee
  • Citation Number : TS-91-ITAT-2025(Mum)-TP
  • Tax Payer : Vodafone India Services Private Ltd

ITAT: Sets aside CIT(A)-NFAC’s order; Remits matter to CIT(A)-TP since core issue pertains to TP-adjustments

Mar 17, 2025
  • In Favour of Both, Partially
  • Citation Number : TS-89-ITAT-2025(Ahd)-TP
  • Tax Payer : Hanning Motors India Pvt Ltd