https://www.taxtmi.com/caselaws?id=67162 The Revenue's appeal against the disallowance of royalty payment to an associate company and the treatment of capital subsidy was partly allowed. The tribunal held that the assessee-company was fully controlled by the associate company, directing the determination of the appropriate royalty rate. Regarding the capital subsidy issue, the tribunal ruled in favor of the assessee based on a precedent set by the apex Court. The judgment provided detailed legal analysis and reasoning, ultimately deciding in favor of the assessee on both issues. en-us Wed, 24 Sep 1997 00:00:00 +0530 Wed, 09 Mar 2011 13:06:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67162 The Revenue's appeal against the disallowance of royalty payment to an associate company and the treatment of capital subsidy was partly allowed. The tribunal held that the assessee-company was fully controlled by the associate company, directing the determination of the appropriate royalty rate. Regarding the capital subsidy issue, the tribunal ruled in favor of the assessee based on a precedent set by the apex Court. The judgment provided detailed legal analysis and reasoning, ultimately deciding in favor of the assessee on both issues. Case-Laws Income Tax Wed, 24 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67162