https://www.taxtmi.com/caselaws?id=201566 Concurrent factual findings that the fixed royalty payment did not relate to earlier years and was allowable in the year under consideration, and that royalty at 8% of turnover paid to the Managing Director was not excessive, meant the disallowances could not be sustained. As those conclusions rested on evidence and the agreement on record, no substantial question of law arose for HC interference. The appeal therefore failed, and the Tribunal's order was left undisturbed. en-us Fri, 01 Oct 2010 00:00:00 +0530 Tue, 06 Sep 2011 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201566 Concurrent factual findings that the fixed royalty payment did not relate to earlier years and was allowable in the year under consideration, and that royalty at 8% of turnover paid to the Managing Director was not excessive, meant the disallowances could not be sustained. As those conclusions rested on evidence and the agreement on record, no substantial question of law arose for HC interference. The appeal therefore failed, and the Tribunal's order was left undisturbed. Case-Laws Income Tax Fri, 01 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201566