M/S. ASHOK LEYLAND LIMITED,CHENNAI vs. ACIT NON CORPORATE CIRCLE 8(1)-LTU-2, , CHENNAI

In the result, the appeal of the assessee is partly allowed and the appeal of the Revenue stands dismissed

Bench: Shri Aby T. Varkey & Shri Jagadish

transfer but subscribe actual earning of profit, then the impugned suggestion of the AO do not have legal sanctity in the eyes of law. 10.9 A very pertinent question has been raised by ld.AR Mr. Patel that what should be the line of demarcation to determine the sale price of a product if not the market price

ACIT NON CORPORATE CIRCLE 8(1)-LTU-2, , CHENNAI vs. M/S. ASHOK LEYLAND LIMITED, CHENNAI

In the result, the appeal of the assessee is partly allowed and the appeal of the Revenue stands dismissed

Bench: Shri Aby T. Varkey & Shri Jagadish

transfer but subscribe actual earning of profit, then the impugned suggestion of the AO do not have legal sanctity in the eyes of law. 10.9 A very pertinent question has been raised by ld.AR Mr. Patel that what should be the line of demarcation to determine the sale price of a product if not the market price

COASTAL ENERGY PRIVATE LIMITED,CHENNAI vs. ACIT, CHENNAI

In the result, the appeal filed by the assessee is allowed for statistical purposes

Bench: Shri S.S. Viswanethra Ravi & Shri Jagadishआयकर अपील सं./I.T.A. No.2305/Chny/2012 िनधा"रण वष"/Assessment Year: 2008-09 Coastal Energy Private Limited, Vs. The Assistant Commissioner Of 5, Buhari Buildings, Moores Road, Income Tax, Thousand Lights, Chennai 600 006. Company Circle I(3), Chennai. [Pan: Aaacc4160A] (अपीलाथ"/Appellant) (""थ"/Respondent) अपीलाथ" की ओर से / Appellant By : Shri B. Ramakrishnan, Fca ""थ" की ओर से/Respondent By : Shri A. Sasi Kumar, Cit सुनवाई की तारीख/ Date Of Hearing : 10.11.2025 घोषणा की तारीख /Date Of Pronouncement : 06.02.2026 आदेश /O R D E R

Transfer Pricing regulations. Therefore, we deem it proper to remand the matter to the file of the Assessing Officer/TPO for verification of additional evidence and to pass order in accordance with law. The assessee is at liberty to file evidence, if any, in support of its claim. Thus, ground No. 3 raised by the assessee is allowed for statistical purposes

SOCOMEC INNOVATIVE POWER SOLUTIONS PRIVATE LIMITED,CHENNAI vs. DCIT, CHENNAI

In the result, appeal filed by the assessee is treated as allowed for statistical purposes

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 848/Chny/2017 िनधा"रण वष" / Assessment Year: 2012-13 M/S. Socomec Innovative Deputy Commissioner Of Power Solutions Pvt Ltd., V. Income Tax, (Formerly Known As Socomec Corporate Circle 6(2), Ups India Pvt Ltd) Chennai – 600 034. Thiru-Vi-Ka Industrial Estate, Guindy, Chennai – 600 032. [Pan: Aakcs-3579-H] (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shri. Darpan Kirpalani, Advocate अपीलाथ" क" ओर से/Appellant By ""यथ" क" ओर से/Respondent By : Shri. Marutha Pandiarajan, Cit सुनवाई क" तारीख/Date Of Hearing : 05.07.2023 घोषणा क" तारीख/Date Of Pronouncement : 12.07.2023

transfer pricing adjustment without establishing the existence of any one of the four pre conditions provided in Section 92C(3) which is a mandatory requirement, for making an adjustment under section 92CA(3) of the Act. 4 The Ld. AO/DRP/TPO have grossly erred on facts and circumstances of the case and in law by not accepting the economic analysis undertaken

DAESEUNG AUTOPARTS INDIA PRIVATE LIMITED,KANCHEEPURAM vs. ACIT (OSD), CHENNAI

The appeal stand partly allowed in terms of our above order

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm आयकरअपील सं./ Ita No.752/Chny/2017 (िनधा;रणवष; / Assessment Year: 2012-13) M/S. Daeseung Autoparts India Pvt. Ltd. Acit (Osd) Plot No,474, Mannur Village, Corporate Range-1, बनाम/ Vs. Valarpuram Post, Sriperumpudhur Taluk Chennai. Kanchipuram- 602 105. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aaccd-5629-D (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Vikram Vijayaraghavan (Advocate)- Ld. Ar " थ"कीओरसे/Respondent By : Shri G. Suresh (Jcit)- Ld. Sr. Dr सुनवाई की तारीख/Date Of Hearing : 28-05-2024 घोषणा की तारीख /Date Of Pronouncement : 04-06-2024 आदेश / O R D E R Manoj Kumar Aggarwal ()

section 271(1)(c) of the Act despite the fact that accurate particulars of income were duly furnished and additions to income are only on account of differences in interpretation of facts and opinion. As is evident, the assessee is aggrieved by confirmation of certain transfer pricings adjustments. The assessee is also aggrieved by disallowance of forex loss

CONFERENCECALL SERVICES INDIA PRIVATE LIMITED,BANGALORE vs. DCIT,

In the result, appeals filed by the assessee for assessment years 2010-11 & 2012-13 are allowed for statistical purposes

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 584/Chny/2015 & 529/Chny/2017 िनधा"रण वष" / Assessment Year: 2010-11 & 2012-13 Conferencecall Services India Assistant Commissioner Of Private Ltd V. Income Tax, Rmz Titanium, No. 135, Corporate Circle -1(2), 1St Floor, Chennai – 34. Old Airport Road, Bangalore – 560 017. [Pan: Aaccc-6574-A] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. Soumen Adak, Ca & Shri. Ashish Poddar, Ca ""यथ" क" ओर से/Respondent By : Shri. A. Sasikumar, Cit सुनवाई क" तारीख/Date Of Hearing : 20.06.2023 घोषणा क" तारीख/Date Of Pronouncement : 15.09.2023 आदेश /O R D E R

transfer pricing analysis to determine the ALP & not to determine whether there is a service or not from which the appellant benefits and thereby challenging the commercial wisdom of the appellant in making such payments. 5. That on the facts & circumstances of the case, the Ld. AO/ Ld. TPO on the directions issued by the Ld. DRP erred in concluding

CONFERENCECALL SERVICES INDIA PRIVATE LIMITED,BANGALORE vs. ACIT, CHENNAI

In the result, appeals filed by the assessee for assessment years 2010-11 & 2012-13 are allowed for statistical purposes

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकर अपील सं./Ita No.: 584/Chny/2015 & 529/Chny/2017 िनधा"रण वष" / Assessment Year: 2010-11 & 2012-13 Conferencecall Services India Assistant Commissioner Of Private Ltd V. Income Tax, Rmz Titanium, No. 135, Corporate Circle -1(2), 1St Floor, Chennai – 34. Old Airport Road, Bangalore – 560 017. [Pan: Aaccc-6574-A] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ" क" ओर से/Appellant By : Shri. Soumen Adak, Ca & Shri. Ashish Poddar, Ca ""यथ" क" ओर से/Respondent By : Shri. A. Sasikumar, Cit सुनवाई क" तारीख/Date Of Hearing : 20.06.2023 घोषणा क" तारीख/Date Of Pronouncement : 15.09.2023 आदेश /O R D E R

transfer pricing analysis to determine the ALP & not to determine whether there is a service or not from which the appellant benefits and thereby challenging the commercial wisdom of the appellant in making such payments. 5. That on the facts & circumstances of the case, the Ld. AO/ Ld. TPO on the directions issued by the Ld. DRP erred in concluding

LOTUS FOOTWEAR ENTERPRISES LIMITED-INDIA BRANCH,TIRUVANNAMALAI vs. DCIT, INTERNATIONAL TAX 1(2), CHENNAI

In the result all the four appeals of the assessee are allowed

234B of the Act\nwhich is consequential in nature.\nThe grounds of appeal raised by the Appellant herein are without\nprejudice to each other. The Appellant craves leave to add to and/or to\nalter, amend, rescind, modify the grounds herein above or produce further\ndocuments before or at the time of hearing of this Appeal.\n3. The brief facts

LOTUS FOOTWEAR ENTERPRISES LIMITED-INDIA BRANCH,TIRUVANNAMALAI vs. DCIT, INTERNATIONAL TAX 1(2), CHENNAI

In the result all the four appeals of the assessee are allowed

Bench: Shri Aby T Varkey & Shri S. R. Raghunatha

234B of the Act which is consequential in nature. The grounds of appeal raised by the Appellant herein are without prejudice to each other. The Appellant craves leave to add to and/or to alter, amend, rescind, modify the grounds herein above or produce further documents before or at the time of hearing of this Appeal. :-4-: IT(TP)A.No

LOTUS FOOTWEAR ENTERPRISES LIMITED-INDIA BRANCH,TIRUVANNAMALAI vs. DCIT, INTERNATIONAL TAX 1(2), CHENNAI

In the result all the four appeals of the assessee are allowed

234B of the Act\nwhich is consequential in nature.\n\nThe grounds of appeal raised by the Appellant herein are without\nprejudice to each other. The Appellant craves leave to add to and/or to\nalter, amend, rescind, modify the grounds herein above or produce further\ndocuments before or at the time of hearing of this Appeal.\n\n3.\nThe brief

ASSISTANT COMMISSIONER OF INCOME TAX CORPORATE CIRCLE 1 1, CHENNAI vs. HITACHI SOLUTIONS INDIA PRIVATE LIMITED , KANCHIPURAM

In the result, the appeal filed by the assessee is allowed and the appeal filed\nby the revenue is dismissed

Bench: SHRI GEORGE GEORGE K, VICE PRESIDENT AND\nSHRI S.R. RAGHUNATHA, ACCOUNTANT MEMBER\nआयकर अपीलसं./IT(TP)A No.: 17/CHNY/2024\nनिर्धारण वर्ष / Assessment Year: 2018-19\nHitachi Solutions India Private\nLimited,\nBlock 5, 10th Floor, 1/124,\nDLF IT Park, Shivaji Gardens,\nMount Poonamallee Road,\nChennai - 600 089.\nThe Deputy Commissioner of\nIncome Tax,\nVs. Corporate Circle- 1(1),\nNo.121, M.G.Road,\nChennai - 600 034.\n[PAN:AAACZ-1544-R]\n(अपीलार्थी/Appellant)\n(प्रत्यर्थी/Respondent)\nआयकर

Transfer Pricing (‘TP') order on 31.07.2021 proposing a\ntotal adjustment of Rs.9,63,59,905/-.\n6.\nSubsequent to the order of the TPO, the AO passed a draft assessment order\non 21.09.2021 u/s.144C r.w.s 92CA (3) of the Act. Aggrieved by the draft\nassessment order, the assessee had filed a response on 13.10.2021, intimating that\nthe assessee would prefer

INTIMATE FASHIONS (INDIA) PVT. LTD.,KANCHIPURAM vs. DCIT CORPORATE CIRCLE 2(2), CHENNAI

In the result, appeal filed by the assessee in IT (TP) A No

Bench: Shri Mahavir Singh, Hon’Ble & Shri Manjunatha.G, Hon’Bleit (Tp) A No.48/Chny/2019 It (Tp) A No.54/Chny/2018 & िनधा"रण वष" /Assessment Years: 2009-10, 2011-12, 2014-15 & 2015-16 M/S.Intimate Fashions (India)- V. The Dcit / Jcit, Pvt. Ltd., Corporate Circle-2(2), 517-519, Chennai. Tirupporur Kottamedu High Road, Nandhivaram Village, Guduvancheri-603 202. Kanchipuram District.

price and hence is at arm's length. 11. The learned AO erred in levying interest under section 234B and 234C of the Act. 12. The learned AO has erred in initiating penalty proceedings under section 271(1)(c) of the Act The Appellant craves leave to add to / alter / amend / substitute any of the above grounds of appeal

INTIMATE FASHIONS (INDIA) PVT. LTD.,KANCHEEPURAM vs. DCIT, CHENNAI

In the result, appeal filed by the assessee in IT (TP) A No

Bench: Shri Mahavir Singh, Hon’Ble & Shri Manjunatha.G, Hon’Bleit (Tp) A No.48/Chny/2019 It (Tp) A No.54/Chny/2018 & िनधा"रण वष" /Assessment Years: 2009-10, 2011-12, 2014-15 & 2015-16 M/S.Intimate Fashions (India)- V. The Dcit / Jcit, Pvt. Ltd., Corporate Circle-2(2), 517-519, Chennai. Tirupporur Kottamedu High Road, Nandhivaram Village, Guduvancheri-603 202. Kanchipuram District.

price and hence is at arm's length. 11. The learned AO erred in levying interest under section 234B and 234C of the Act. 12. The learned AO has erred in initiating penalty proceedings under section 271(1)(c) of the Act The Appellant craves leave to add to / alter / amend / substitute any of the above grounds of appeal

COGNIZANT TECHNOLOGY SOLUTIONS INDIA PRIVATE LIMITED(ERSTWHILE EXCELLENCE DATA RESEARCH PRIVATE LIMITED),CHENNAI vs. ASST. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-17(1), HYDERABAD

In the result, appeal of the assessee is partly allowed

Bench: Shri Aby T. Varkey & Shri Amitabh Shuklaआयकर अपील सं./Ita No.13/Hyd/2018 िनधा"रण वष"/Assessment Year: 2013-14 V. M/S. Cognizant Technology- The Acit, Solutions India Pvt. Ltd., Circle-17(1), 9Th Floor, (As Successor In Interest Of Erstwhile Excellence Data Signature Towers, Opp: Botanical Garden, Research Pvt. Ltd.), 6Th Floor, New No.165, Old No.110, Kondapur, Hyderabad. Menon Eternity Building, St. Mary’S Road,Alwarpet, Chennai-600 018. [Pan: Aabce 4933 C] (अपीलाथ"/Appellant) (""यथ"/Respondent)

transfer pricing documentation maintained by the Appellant in accordance with the provisions of the Act read with the Income-tax Rules, 1962 ('Rules) and undertaking a fresh economic analysis during the course of assessment proceedings and thereby making an adjustment to the international transactions. Selection of incomparable companies 4. That on the facts and the circumstances of the case

M/S REGEN RENEWABLE ENERGY GENERATION GLOBAL LIMITED ,CHENNAI vs. ACIT , INTERNATIONAL TAXATION CIRCLE - 2 (1) , CHENNAI

The appeals stand allowed for statistical purposes

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं./ Ita No.684/Chny/2022 (िनधा;रण वष; / Assessment Year: 2014-15) & 2. आयकरअपील सं./ Ita No.685/Chny/2022 (िनधा;रण वष; / Assessment Year: 2015-16) M/S Regen Renewable Energy Acit बनाम Generation Global Limited International Taxation New No.1, Pulla Avenue, / Vs. Circle-2(1), Chennai. Shenoy Nagar, Chennai-600 030. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aafcr-0685-N (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ" कीओरसे/ Appellant By : Shri B. Ramakrishnan (Ca) – Ld.Ar " थ"कीओरसे/Respondent By : Mrs. Jyothi Lakshmi Nayak (Cit)-Ld. Dr सुनवाई की तारीख/Date Of Hearing : 03-06-2024 घोषणा की तारीख /Date Of Pronouncement : 10-07-2024 आदेश / O R D E R Manoj Kumar Aggarwal ()

section 115A(1)(b) of the Act. 3. Without prejudice to the above, for that the Learned Assessing Officer, having held the appellant as the 'beneficial owner' of the royalty received, ought to have held the resident Holding company responsible for failure to deduct the due tax at source on payments made to the appellant being a foreign company

M/S REGEN RENEWABLE ENERGY GENERATION GLOBAL LIMITED ,CHENNAI vs. ACIT , INTERNATIONAL TAXATION CIRCLE - 2 (1) , CHENNAI

The appeals stand allowed for statistical purposes

Bench: Hon’Ble Shri Manoj Kumar Aggarwal, Am & Hon’Ble Shri Manu Kumar Giri, Jm 1. आयकरअपील सं./ Ita No.684/Chny/2022 (िनधा;रण वष; / Assessment Year: 2014-15) & 2. आयकरअपील सं./ Ita No.685/Chny/2022 (िनधा;रण वष; / Assessment Year: 2015-16) M/S Regen Renewable Energy Acit बनाम Generation Global Limited International Taxation New No.1, Pulla Avenue, / Vs. Circle-2(1), Chennai. Shenoy Nagar, Chennai-600 030. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Aafcr-0685-N (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ" कीओरसे/ Appellant By : Shri B. Ramakrishnan (Ca) – Ld.Ar " थ"कीओरसे/Respondent By : Mrs. Jyothi Lakshmi Nayak (Cit)-Ld. Dr सुनवाई की तारीख/Date Of Hearing : 03-06-2024 घोषणा की तारीख /Date Of Pronouncement : 10-07-2024 आदेश / O R D E R Manoj Kumar Aggarwal ()

section 115A(1)(b) of the Act. 3. Without prejudice to the above, for that the Learned Assessing Officer, having held the appellant as the 'beneficial owner' of the royalty received, ought to have held the resident Holding company responsible for failure to deduct the due tax at source on payments made to the appellant being a foreign company

VNC STEEL DISTRIBUTORS,,KARUR vs. DCIT, CIRCLE-1(1), TRICHY

In the result, appeal filed by the assessee is partly allowed

Bench: Shri Mahavir Singh, Hon’Ble & Shri S. R. Raghunatha, Hon’Bleआयकरअपीलसं./Ita No.: 1937/Chny/2024 & Stay Petition No: 40/Chny/2024 [In Ita No: 1937/Chny/2024)] िनधा"रणवष" / Assessment Year: 2017-18 Vnc Steel Distributors, Deputy Commissioner Of No.2, Industrial Estate, V. Income Tax, S. Vellalapatti, Circle -1(1), Karur – 639 004. Trichy. [Pan: Aadfv-9137-E] (अपीलाथ"/Appellant) (""यथ"/Respondent) अपीलाथ"क"ओरसे/Appellant By : Shri. Abhinov Vaidyanathan, Advocate ""यथ"क"ओरसे/Respondent By : Shri. R. Clement Ramesh Kumar, Cit सुनवाई क" तारीख/Date Of Hearing : 21.08.2024 घोषणा क" तारीख/Date Of Pronouncement : 14.11.2024 आदेश /O R D E R

234B and Section 234C are not sustainable in law and merits to be set aside. 15.The Appellant prays for leave to add, alter, vary, omit, substitute or amend the above grounds of appeal, at any time before, or at, the time of hearing of the appeal.” 3. The brief facts of the case are that, the assessee is a partnership

M/S. GRT JEWELLERS INDIA PRIVATE LIMITED,CHENNAI vs. DCIT,. CENTRAL CIRCLE-3(3), CHENNAI

In the result, appeal filed by the assessee is partly

Bench: Shri V. Durga Rao, Hon’Ble & Shri Manjunatha. G, Hon’Bleआयकरअपीलसं./Ita No.: 113/Chny/2024 िनधा"रणवष" / Assessment Year: 2014-15

section 40A(2)(b) of the Act and even sales to related parties which form a part of related party transactions for Companies Act purposes but which are not in the nature of expenditure as required u/s 40A(2) of the Act. 10.4. For that the Learned DRP / AO erred in disallowing a sum of 13,73,09,683/-, which