https://www.taxtmi.com/caselaws?id=449139 The Tribunal partly allowed the assessee's appeals and dismissed the department's appeals concerning the assessment years 2015-16 and 2016-17. The Tribunal upheld the assessee's contention that royalty payments should not be separately benchmarked, aligning with previous decisions for earlier assessment years. Consequently, grounds related to the Arm's Length Price computation of royalty were deemed academic. The revenue's appeal regarding the characterization of testing expenses as R&D expenses was also rendered academic following the decision on royalty benchmarking. The judgment was pronounced on December 21, 2023. en-us Thu, 21 Dec 2023 00:00:00 +0530 Tue, 06 Feb 2024 18:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449139 The Tribunal partly allowed the assessee's appeals and dismissed the department's appeals concerning the assessment years 2015-16 and 2016-17. The Tribunal upheld the assessee's contention that royalty payments should not be separately benchmarked, aligning with previous decisions for earlier assessment years. Consequently, grounds related to the Arm's Length Price computation of royalty were deemed academic. The revenue's appeal regarding the characterization of testing expenses as R&D expenses was also rendered academic following the decision on royalty benchmarking. The judgment was pronounced on December 21, 2023. Case-Laws Income Tax Thu, 21 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449139