https://www.taxtmi.com/caselaws?id=199020 The High Court upheld the ITAT order in favor of the assessee, rejecting the Revenue's appeal challenging the benchmarking of management fee and royalty payment. It emphasized that the TPO should not disallow justified business expenses without proper justification. The Court favored the TNMM method over the CUP method for royalty payment, citing precedents supporting TNMM's applicability. Additionally, it ruled against the TPO's disallowance of royalty based on business expediency, stating that the TPO should not interfere with the assessee's business decisions. The appeal was dismissed, with the management fee issue remitted by the ITAT. en-us Fri, 03 Mar 2017 00:00:00 +0530 Sat, 17 Feb 2018 06:40:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199020 The High Court upheld the ITAT order in favor of the assessee, rejecting the Revenue's appeal challenging the benchmarking of management fee and royalty payment. It emphasized that the TPO should not disallow justified business expenses without proper justification. The Court favored the TNMM method over the CUP method for royalty payment, citing precedents supporting TNMM's applicability. Additionally, it ruled against the TPO's disallowance of royalty based on business expediency, stating that the TPO should not interfere with the assessee's business decisions. The appeal was dismissed, with the management fee issue remitted by the ITAT. Case-Laws Income Tax Fri, 03 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199020