https://www.taxtmi.com/caselaws?id=310644 ITAT Kolkata allowed the assessee's appeal partly. The tribunal deleted the transfer pricing adjustment on royalty payments to associate enterprises, holding that lower authorities incorrectly applied benefit and commercial expediency tests and wrongly used nil comparable transactions. The tribunal remitted the leave encashment disallowance issue pending SC decision in related case. Commission charges addition was deleted as the assessee had filed relevant details and expenditure accrued in relevant year. Book profit computation issue was left for AO verification to avoid double disallowance. Club expenditure disallowance was deleted following judicial consistency with previous year's DRP decision. en-us Wed, 27 Jun 2018 00:00:00 +0530 Wed, 22 Nov 2023 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310644 ITAT Kolkata allowed the assessee's appeal partly. The tribunal deleted the transfer pricing adjustment on royalty payments to associate enterprises, holding that lower authorities incorrectly applied benefit and commercial expediency tests and wrongly used nil comparable transactions. The tribunal remitted the leave encashment disallowance issue pending SC decision in related case. Commission charges addition was deleted as the assessee had filed relevant details and expenditure accrued in relevant year. Book profit computation issue was left for AO verification to avoid double disallowance. Club expenditure disallowance was deleted following judicial consistency with previous year's DRP decision. Case-Laws Income Tax Wed, 27 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310644