https://www.taxtmi.com/caselaws?id=245272 The tribunal remitted the issue of disallowance of cost of remake rights under section 40(a)(ia) for detailed inquiry, emphasizing the importance of timing in relation to tax deduction provisions. The classification of payment as 'royalty' and liability for tax deduction post-receipt were debated, with directions for reassessment. The treatment of share capital contribution and disallowance under section 40(a)(ia) for non-deduction of tax on revenue expenditure were discussed, leading to an appeal allowed for statistical purposes pending further assessment by the Assessing Officer. en-us Fri, 07 Mar 2014 00:00:00 +0530 Tue, 25 Mar 2014 08:57:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245272 The tribunal remitted the issue of disallowance of cost of remake rights under section 40(a)(ia) for detailed inquiry, emphasizing the importance of timing in relation to tax deduction provisions. The classification of payment as 'royalty' and liability for tax deduction post-receipt were debated, with directions for reassessment. The treatment of share capital contribution and disallowance under section 40(a)(ia) for non-deduction of tax on revenue expenditure were discussed, leading to an appeal allowed for statistical purposes pending further assessment by the Assessing Officer. Case-Laws Income Tax Fri, 07 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245272