https://www.taxtmi.com/highlights?id=73589 Disallowance of Royalty paid u/s 37(1) - assessee is a franchisee bottler for the brand Aquafina owned by the franchisor PepsiCo India Holdings Pvt. Ltd. - there is no material available on record to show that the assessee has infringed the trademark registered in the name of PepsiCo Inc. - No basis in the submissions of the Revenue in denying the claim of deduction of Royalty paid by the assessee to Pepsi Foods Private Ltd during the year under consideration. - AT en-us Fri, 15 Dec 2023 14:09:08 +0530 Fri, 15 Dec 2023 14:09:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73589 Disallowance of Royalty paid u/s 37(1) - assessee is a franchisee bottler for the brand Aquafina owned by the franchisor PepsiCo India Holdings Pvt. Ltd. - there is no material available on record to show that the assessee has infringed the trademark registered in the name of PepsiCo Inc. - No basis in the submissions of the Revenue in denying the claim of deduction of Royalty paid by the assessee to Pepsi Foods Private Ltd during the year under consideration. - AT Highlights Income Tax Fri, 15 Dec 2023 14:09:08 +0530 https://www.taxtmi.com/highlights?id=73589