https://www.taxtmi.com/caselaws?id=330134 The Tribunal upheld the disallowance of payment made by the assessee for services rendered by the parent company, emphasizing the lack of evidence of services provided, leading to confirmation of the Transfer Pricing Officer's order. Regarding the disallowance of royalty payment claimed as revenue expenditure, the Tribunal ruled in favor of treating it as revenue expenditure due to its recurring nature, lack of enduring benefits, and consistent treatment in previous years, dismissing both the Revenue's and the assessee's appeals. en-us Thu, 09 Jun 2016 00:00:00 +0530 Tue, 19 Jul 2016 11:49:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330134 The Tribunal upheld the disallowance of payment made by the assessee for services rendered by the parent company, emphasizing the lack of evidence of services provided, leading to confirmation of the Transfer Pricing Officer's order. Regarding the disallowance of royalty payment claimed as revenue expenditure, the Tribunal ruled in favor of treating it as revenue expenditure due to its recurring nature, lack of enduring benefits, and consistent treatment in previous years, dismissing both the Revenue's and the assessee's appeals. Case-Laws Income Tax Thu, 09 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330134