https://www.taxtmi.com/caselaws?id=178613 The Tribunal held that the Transfer Pricing (T.P.) adjustment on account of royalty payment was not justified. The arms length price of the royalty was deemed necessary for the assessee's business, and the addition made by the Assessing Officer was deleted. The appeal was allowed, and the royalty payment was directed to be allowed as claimed. en-us Wed, 19 Dec 2012 00:00:00 +0530 Sat, 10 Jun 2017 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178613 The Tribunal held that the Transfer Pricing (T.P.) adjustment on account of royalty payment was not justified. The arms length price of the royalty was deemed necessary for the assessee's business, and the addition made by the Assessing Officer was deleted. The appeal was allowed, and the royalty payment was directed to be allowed as claimed. Case-Laws Income Tax Wed, 19 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178613