https://www.taxtmi.com/caselaws?id=379580 The High Court directed a remand to the ITAT for reconsideration of issues related to advertising expenses and benchmarking of international transactions concerning royalty payments. The ITAT found discrepancies in the comparability analysis for royalty payments and deemed the transfer pricing study document lacking credibility. The High Court clarified that the ITAT's interim observations should not be considered final until the remand is completed. Emphasizing the importance of following through with remand directions, the Court disposed of the writ petition, ensuring final merits are determined without premature conclusions. en-us Mon, 29 Apr 2019 00:00:00 +0530 Fri, 03 May 2019 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=379580 The High Court directed a remand to the ITAT for reconsideration of issues related to advertising expenses and benchmarking of international transactions concerning royalty payments. The ITAT found discrepancies in the comparability analysis for royalty payments and deemed the transfer pricing study document lacking credibility. The High Court clarified that the ITAT's interim observations should not be considered final until the remand is completed. Emphasizing the importance of following through with remand directions, the Court disposed of the writ petition, ensuring final merits are determined without premature conclusions. Case-Laws Income Tax Mon, 29 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=379580