https://www.taxtmi.com/caselaws?id=392284 The High Court declined to admit the appeal challenging the Income Tax Appellate Tribunal's order regarding royalty payment adjustment in international transactions for the assessment year 2013-14. The matter was remanded back to the Assessing Officer for determining the arm's length price of royalty using TNMM after providing a fair hearing opportunity, following the Tribunal's decision that the respondent-assessee did use technology supplied by its Associated Enterprise, justifying the royalty payment. The appeal was dismissed without costs, and pending miscellaneous petitions were closed. en-us Wed, 29 Jan 2020 00:00:00 +0530 Mon, 17 Feb 2020 09:07:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392284 The High Court declined to admit the appeal challenging the Income Tax Appellate Tribunal's order regarding royalty payment adjustment in international transactions for the assessment year 2013-14. The matter was remanded back to the Assessing Officer for determining the arm's length price of royalty using TNMM after providing a fair hearing opportunity, following the Tribunal's decision that the respondent-assessee did use technology supplied by its Associated Enterprise, justifying the royalty payment. The appeal was dismissed without costs, and pending miscellaneous petitions were closed. Case-Laws Income Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392284