https://www.taxtmi.com/caselaws?id=248459 The Tribunal ruled in favor of the Assessee on all issues raised in the case. The determination of Arm's Length Price of royalty payment to AEs was upheld based on past judgments and consistency in payments. The disallowance of contribution to Group Gratuity Fund was deemed allowable following precedent. The Tribunal directed a proper examination of the alleged difference in the balance of a party and remitted the issue back to the AO. The disallowance of unutilized Modvat Credit Outstanding was challenged successfully, and the addition under Section 40A(2) of the I.T. Act was set aside in favor of the Assessee. en-us Fri, 23 May 2014 00:00:00 +0530 Thu, 12 Jun 2014 12:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248459 The Tribunal ruled in favor of the Assessee on all issues raised in the case. The determination of Arm's Length Price of royalty payment to AEs was upheld based on past judgments and consistency in payments. The disallowance of contribution to Group Gratuity Fund was deemed allowable following precedent. The Tribunal directed a proper examination of the alleged difference in the balance of a party and remitted the issue back to the AO. The disallowance of unutilized Modvat Credit Outstanding was challenged successfully, and the addition under Section 40A(2) of the I.T. Act was set aside in favor of the Assessee. Case-Laws Income Tax Fri, 23 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248459