https://www.taxtmi.com/caselaws?id=462586 ITAT Mumbai ruled on multiple transfer pricing and tax issues for the assessee. The tribunal restored the sports rights bundle valuation matter to the assessing officer for fresh adjudication, noting valuation requires technical expertise. It deleted additions for transitional services fees, finding the assessee substantiated benefit received and ESS offered corresponding income to tax in India. The tribunal allowed depreciation claims on brand license fees, following its earlier decisions in the assessee's case for previous years. Marketing expenses were allowed as legitimate business expenditure. Software depreciation was permitted subject to verification. The tribunal directed verification of foreign tax credit claims and TDS/advance tax adjustments. en-us Thu, 25 Nov 2021 00:00:00 +0530 Mon, 30 Jun 2025 10:24:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462586 ITAT Mumbai ruled on multiple transfer pricing and tax issues for the assessee. The tribunal restored the sports rights bundle valuation matter to the assessing officer for fresh adjudication, noting valuation requires technical expertise. It deleted additions for transitional services fees, finding the assessee substantiated benefit received and ESS offered corresponding income to tax in India. The tribunal allowed depreciation claims on brand license fees, following its earlier decisions in the assessee's case for previous years. Marketing expenses were allowed as legitimate business expenditure. Software depreciation was permitted subject to verification. The tribunal directed verification of foreign tax credit claims and TDS/advance tax adjustments. Case-Laws Income Tax Thu, 25 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462586