https://www.taxtmi.com/caselaws?id=381366 The High Court upheld the Tribunal's decision to delete the addition related to royalty payments under section 92CA(3) of the Income Tax Act, 1961. The court emphasized the importance of determining Arm's Length Price objectively and adhering to specified methods rather than questioning the business decisions of the taxpayer. The court highlighted the significance of evidence provided by the assessee to establish the transaction's Arm's Length nature, ultimately dismissing the Income Tax Appeal. The approval of royalty payments by the Reserve Bank of India was not deemed conclusive of compliance with all legal aspects, with the court emphasizing the need for a comprehensive assessment based on established principles. en-us Mon, 03 Jun 2019 00:00:00 +0530 Mon, 16 Feb 2026 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381366 The High Court upheld the Tribunal's decision to delete the addition related to royalty payments under section 92CA(3) of the Income Tax Act, 1961. The court emphasized the importance of determining Arm's Length Price objectively and adhering to specified methods rather than questioning the business decisions of the taxpayer. The court highlighted the significance of evidence provided by the assessee to establish the transaction's Arm's Length nature, ultimately dismissing the Income Tax Appeal. The approval of royalty payments by the Reserve Bank of India was not deemed conclusive of compliance with all legal aspects, with the court emphasizing the need for a comprehensive assessment based on established principles. Case-Laws Income Tax Mon, 03 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381366