https://www.taxtmi.com/caselaws?id=252517 The Tribunal partly allowed the assessee's appeal, dismissing the Revenue's appeal. The Tribunal held that royalty payments were at arm's length, allowing depreciation on non-compete fees and marketing network rights. It directed the AO to examine MAT credit eligibility and set off brought forward tax credit. The Tribunal considered interest liability under sections 234C and 234D as consequential and not requiring adjudication. The decision was rendered on 13th October 2014. en-us Mon, 13 Oct 2014 00:00:00 +0530 Tue, 28 Oct 2014 07:32:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252517 The Tribunal partly allowed the assessee's appeal, dismissing the Revenue's appeal. The Tribunal held that royalty payments were at arm's length, allowing depreciation on non-compete fees and marketing network rights. It directed the AO to examine MAT credit eligibility and set off brought forward tax credit. The Tribunal considered interest liability under sections 234C and 234D as consequential and not requiring adjudication. The decision was rendered on 13th October 2014. Case-Laws Income Tax Mon, 13 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252517