SC annuls High Court’s directions on technical transfer pricing issues relating to marketing intangibles

Court : Supreme Court Citation : Maruti Suzuki India ltd. Vs. ADIT [Civil Appeal No. 8457 of 2010]. Brief :In the recent decision, the Supreme Court (“SC”) disposed off a civil appeal arising out of a special leave petition (“SLP”) involving a transfer pricing dispute, in the case of Maruti Suzuki India ltd. Vs. ADIT [Civil Appeal No. 8457 of 2010]. The Delhi High Court (“HC”), in the taxpayer’s case, had earlier, inter-alia held that the obligatory use of brand/logo of a foreign associated enterprise should be accompanied either by an appropriate paym...