https://www.taxtmi.com/caselaws?id=769522 ITAT Delhi ruled in favor of the assessee on transfer pricing adjustments for royalty payments, finding them at arm's length based on precedent from AY 2017-18. The Tribunal deleted adjustments for consultancy services, advertisement expense reimbursements, and IT cost allocation, following consistent decisions in the assessee's previous years. Regarding deduction for reversal of contingent income tax liability provision, the Tribunal allowed the claim in principle, noting the provision was never claimed as deduction when created in AY 2016-17, subject to AO verification to prevent double addition. en-us Wed, 23 Apr 2025 00:00:00 +0530 Sat, 26 Apr 2025 08:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769522 ITAT Delhi ruled in favor of the assessee on transfer pricing adjustments for royalty payments, finding them at arm's length based on precedent from AY 2017-18. The Tribunal deleted adjustments for consultancy services, advertisement expense reimbursements, and IT cost allocation, following consistent decisions in the assessee's previous years. Regarding deduction for reversal of contingent income tax liability provision, the Tribunal allowed the claim in principle, noting the provision was never claimed as deduction when created in AY 2016-17, subject to AO verification to prevent double addition. Case-Laws Income Tax Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769522