https://www.taxtmi.com/caselaws?id=351922 The ITAT set aside the assessment order on the determination of Arm's Length Price for royalty payments, confirming the royalty payment at 3% of net sales as being at Arm's Length. It allowed the employee's contribution to ESI, considering the delay of one day as not inordinate. The ITAT directed the AO to verify and process the refund of dividend distribution tax as directed by the DRP and allowed the MAT credit carried forward from previous years. The appeal was partly allowed, with specific directions given to the AO. en-us Wed, 29 Nov 2017 00:00:00 +0530 Mon, 04 Dec 2017 08:14:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351922 The ITAT set aside the assessment order on the determination of Arm's Length Price for royalty payments, confirming the royalty payment at 3% of net sales as being at Arm's Length. It allowed the employee's contribution to ESI, considering the delay of one day as not inordinate. The ITAT directed the AO to verify and process the refund of dividend distribution tax as directed by the DRP and allowed the MAT credit carried forward from previous years. The appeal was partly allowed, with specific directions given to the AO. Case-Laws Income Tax Wed, 29 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351922