Transfer pricing adjustment disallowed, royalty deduction allowed; signage costs permitted; education cess disallowance upheld.

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....Transfer pricing adjustment on export commission paid to related party disallowed based on assessee's own case demonstrating benefits and higher profitability. Royalty payment to related party allowed as deduction following earlier year's order. Signage expenses at dealers' premises allowed as revenue expenditure based on Supreme Court ruling. Sales tools expenses allowed as revenue expenditure following coordinate bench order. Part capitalization of royalty expenses disallowed following Tribunal's consistent view in earlier years. Disallowance of education cess upheld based on Supreme Court ruling and retrospective amendment. Excess dividend distribution tax refund claim restored to Assessing Officer for adjudication considering assessee's.........