https://www.taxtmi.com/highlights?id=47722 TP adjustment - ALP of royalty - In the absence of empirical data, stating higher royalty was not justified only because it did not result in any tangible benefit to the Assessee was not be the right approach - ITAT direction to the TPO to adopt the percentage(5.6%) as has been accepted by DRP based on survey report of travel industry in subsequent year does not appear to be unreasonable - no substantial question of law arises en-us Sat, 06 Jul 2019 08:01:00 +0530 Sat, 06 Jul 2019 08:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47722 TP adjustment - ALP of royalty - In the absence of empirical data, stating higher royalty was not justified only because it did not result in any tangible benefit to the Assessee was not be the right approach - ITAT direction to the TPO to adopt the percentage(5.6%) as has been accepted by DRP based on survey report of travel industry in subsequent year does not appear to be unreasonable - no substantial question of law arises Highlights Income Tax Sat, 06 Jul 2019 08:01:00 +0530 https://www.taxtmi.com/highlights?id=47722