Case Law Details
Case Name : Firmenich Aromatics Production (India) Private Limited Vs Assessing Officer (ITAT Mumbai)
Related Assessment Year : 2020-21
Courts :
All ITAT ITAT Mumbai
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Firmenich Aromatics Production (India) Private Limited Vs Assessing Officer (ITAT Mumbai)
Mumbai ITAT: Upholds TNMM, Deletes Transfer Pricing Adjustments for Firmenich Aromatics; Allows 80G Deduction on CSR Donations
Facts- Firmenich Aromatics (India) Pvt. Ltd. is engaged in manufacturing and marketing industrial flavours, fragrances, and chemical specialties. The company entered into various international transactions with its Associated Enterprises (AEs), including export of finished goods and payment of royalty for technical know-how, during Assessment Years (AY) 2020-21 and 2021-22.
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