INTERNATIONAL FLAVOURS & FRAGRANCES INDIA PRIVATE LIMITED,CHENNAI vs. PRINCIPAL COMMISSIONER OF INCOME TAX, CHENNAI
In the result, the appeal filed by the assessee is allowed
ITA 268/CHNY/2025[2017-18]Status: DisposedITAT Chennai02 Dec 2025AY 2017-18
For Appellant: Shri. Percy Pardiwalla, Senior AdvocateFor Respondent: Shri. Bipin C.N., C.I.T
Section 143(1)Section 143(2)Section 143(3)Section 147Section 263Section 801B
Disallowance of deduction claimed under\nsection 801B of the Act\n5,37,34,851\nTotal income as per assessment order\nu/s.143(3)\n1,40,87,85,237\n3.\nSubsequently, the Id.PCIT invoked jurisdiction u/s.263 of the Act and sought\nto revise the assessment order with respect to the allowability of royalty payments\namounting to Rs.16,74,65,000/- made
