Royalty payment dispute remanded for fresh merits decision after Supreme Court set aside the High Court ruling

The royalty payment issue was not finally decided on the merits, as the High Court had relied on an earlier precedent adverse to the assessee. The Supreme Court set aside the impugned judgment and restored the appeal to the High Court for fresh consideration on its own merits and in accordance with law.

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Issues: Whether the High Court's decision on the royalty payment question, decided against the assessee on reliance upon an earlier precedent, should be set aside and the matter remitted for decision on merits.

Outcome: The impugned judgment was set aside and the appeal was restored to the High Court for fresh decision on its own merits in accordance with law.

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