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Tata Chemicals gets relief from Income Tax Appellate Tribunal in logo fee case


Tata Chemicals gets relief from Income Tax Appellate Tribunal in logo fee case
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Under the ‘Tata brand equity and business promotion agreement’, which dates back to January 1999, this company, like others in the Tata fold, have to pay a certain percentage of their annual profits to Tata Sons, as a ‘premium’ for using the TATA logo. Accordingly, in FY03 (the year in dispute), Tata Chemicals paid 0.25% of its profits (Rs 3.7 crore) to Tata Sons.
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(This story originally appeared in
on Feb 22, 2021)The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has allowed Rs 3.7 crore paid by ....

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The recent IPL auction meant padding up well in advance to fine-tune strategy. This FMCG billionaire flew to the financial capital for a powwow with his fellow franchise mate, also a business scion, on how to spend the biggest purse this year before going to Chennai. They sure had their shopping spree, including buying a co-owner of ....

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Tata Chemicals gets ITAT relief in logo fee case


Tata Chemicals gets ITAT relief in logo fee case
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Tata Chemicals gets ITAT relief in logo fee case
Lubna Kably & Reeba Zachariah / TNN / Updated: Feb 22, 2021, 09:30 IST
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MUMBAI: The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has allowed Rs 3.7 crore paid by Tata Chemicals for using the ‘TATA’ logo as a business deduction.
Under the ‘Tata brand equity and business promotion agreement’, which dates back to January 1999, this company, like others in the Tata fold, have to pay a certain percentage of their annual profits to Tata Sons, as a ‘premium’ for using the TATA logo. Accordingly, in FY03 (the year in dispute), Tata Chemicals paid 0.25% of its profits (Rs 3.7 crore) to Tata Sons. ....

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