ITAT deletes TP Adjustment by TPO towards Payment of Royalty on Technology paid to Cadbury Adams USA LLC, and Cadbury Enterprises Pte Ltd [Read Order]

ITAT TP Adjustment by TPO towards Payment Royalty on Technology paid to Cadbury Adams USA LLC - Cadbury Enterprises Pte Ltd

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has deleted the Transfer Pricing (TP) adjustment by the Transfer Pricing Officer (TPO) towards the payment of royalty on technology paid to the Cadbury Adams USA LLC, and Cadbury Enterprises Pte Ltd. The assessee Mondelez India Foods Private Ltd (formerly known as Cadbury India Limited) was…

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