https://www.taxtmi.com/caselaws?id=760273 HC upheld the Tribunal's findings: the royalty paid to related enterprises for licensed patents, know-how and trademarks was not disallowable where those AEs acted as manufacturing subcontractors and the assessee held the license; no question of law arose. The Tribunal's deletion of additions for closing-stock valuation was affirmed, as the assessee consistently used cost or NRV, whichever lower. Deletion of additions for alleged excess warranty provisions was sustained because the AO failed to examine the methodology. The Tribunal's rejection of adjustments to exclude CSR expenditure from book profits under s.115JB was also upheld. en-us Mon, 30 Sep 2024 00:00:00 +0530 Fri, 27 Mar 2026 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760273 HC upheld the Tribunal's findings: the royalty paid to related enterprises for licensed patents, know-how and trademarks was not disallowable where those AEs acted as manufacturing subcontractors and the assessee held the license; no question of law arose. The Tribunal's deletion of additions for closing-stock valuation was affirmed, as the assessee consistently used cost or NRV, whichever lower. Deletion of additions for alleged excess warranty provisions was sustained because the AO failed to examine the methodology. The Tribunal's rejection of adjustments to exclude CSR expenditure from book profits under s.115JB was also upheld. Case-Laws Income Tax Mon, 30 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760273