TOYOTA KIRLOSKAR MOTOR PRIVATE LIMITED,BANGALORE vs. DCIT, CIRCLE-7(1)(1), BANGALORE
In the result, appeal of the assessee is partly allowed
ITA 863/BANG/2023[2018-19]Status: DisposedITAT Bangalore22 Jan 2024AY 2018-19
Bench: Shri George George K. & Shri Chandra Poojari
For Appellant: Shri Narendra Kumar Jain, A.RFor Respondent: Shri Senthil Kumar N., D.R
Section 40A(2)
68,00,000
Technical know-how expenses
Royalty at arm’s length @
437,84,00,000
2.62% of net sales
Difference being adjusted
279,84,00,000
Against this assessee went in appeal before ld. CIT(A).
4. Ld. CIT(A) has considered the issue for adjudication whether royalty can be benchmarked separately. The TPO in paragraphs
