No Weighted Average Cost of Capital method can be applied for purpose of computing ALP of Royalty income: ITAT Upholds Deletion of Adjustments in favour of Britannia Industries [Read Order]

No Weighted Average Cost - Average Cost - Average Cost of Capital method - computing ALP - ALP - Royalty income - Royalty - ITAT - taxscan

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) upheld the deletion of adjustments in favor of Britannia Industries and held that the weighted average cost of capital (WACC) method cannot be applied for computing Arms Length Price (ALP) of royalty income.  Britannia Industries, the respondent assessee was a public limited company engaged in…

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