“Other Method” as per Rule 10AB is most appropriate for determining Arm’s length Price of Royalty Transaction: ITAT [Read Order]

By Sunayana Dhal - On September 21, 2023 9:00 am - 2 mins read
Other Method - most appropriate - determining Arm's - length Price - Royalty Transaction - ITAT - most appropriate method for determining - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the “Other method” as per Rule 10AB shall be the most appropriate method for determining the arm’s length price of royalty transactions. The assessee is a wholly owned subsidiary of Nissei ASB Machine Co. Ltd. and was set up as a 100% Export…

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