ITAT quashed AO’s order as ALP of royalty paid for use of brand couldn’t be determined as NIL

IT/ILT: Where AO determined ALP of royalty paid by assessee to its AE for using its reputation and brandname at nil on ground that assessee was a mere contract manufacturer for AE, in view of fact that import of raw materials and sale of finished goods to AE were negligible in total turnover of assessee, impugned order passed by AO deserved to be set aside

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000182934/itat-quashed-ao’s-order-as-alp-of-royalty-paid-for-use-of-brand-couldn’t-be-determined-as-nil.aspx