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Income Tax - Highlights / Catch Notes

Home Highlights October 2014 Year 2014 This

Once the RBI approval of royalty rate was obtained the payment ...

Income Tax

October 28, 2014

Once the RBI approval of royalty rate was obtained the payment was considered to be held at arm's-length - the TPO erred in holding that no tangible benefits were derived by the assessee out of royalty payments made by it and restricted the payment to 2% of net sales - AT

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