A.W. FABER CASTELL (INDIA) P.LTD,MUMBAI vs. DCIT 9(1)(1), MUMBAI

Appeal of the assessee is partly allowed

Bench: Shri C.N. Prasad & Shri Ashwani Taneja

94A of Chapter X of the Income Tax Act, 1961. The assessee contended before the AO that the royalty paid to its AE for user of its trade mark and brand name at the rate of 3% was within the rates allowed by the FIPB unit of Ministry of Finance and, therefore, it was ‘ALP’ price and no further study

NISH DEVELOPERS PVT. LTD.,MUMBAI vs. DCIT - CC -6(3), MUMBAI

In the result, all the appeals of the assessee except ITA