https://www.taxtmi.com/caselaws?id=242224 The Court dismissed the Revenue's appeal against the ITAT decision, ruling in favor of the assessee. The Court upheld the ITAT's decision to allow the prima facie adjustment under Section 143(1)(a) of the Income Tax Act, emphasizing consistency with earlier judgments in the assessee's favor. The Court found that the Assessing Officer was not justified in disallowing the income tax component in technical knowhow fees under Section 35AB of the Act, as confirmed by previous rulings. en-us Fri, 06 Dec 2013 00:00:00 +0530 Fri, 10 Jan 2014 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242224 The Court dismissed the Revenue's appeal against the ITAT decision, ruling in favor of the assessee. The Court upheld the ITAT's decision to allow the prima facie adjustment under Section 143(1)(a) of the Income Tax Act, emphasizing consistency with earlier judgments in the assessee's favor. The Court found that the Assessing Officer was not justified in disallowing the income tax component in technical knowhow fees under Section 35AB of the Act, as confirmed by previous rulings. Case-Laws Income Tax Fri, 06 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242224