https://www.taxtmi.com/caselaws?id=260046 The ITAT directed the issue of royalty payment back to the TPO for fresh adjudication, following past precedent. The AO was instructed to allow the loss as finally determined, and the notional disallowance under Section 14A was not pressed due to a minimal amount. Other grounds were not detailed, and the appeal was allowed for statistical purposes, rendering the stay petition moot. The order was pronounced on 08th May 2015 in Open Court. en-us Fri, 08 May 2015 00:00:00 +0530 Sat, 30 May 2015 11:15:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260046 The ITAT directed the issue of royalty payment back to the TPO for fresh adjudication, following past precedent. The AO was instructed to allow the loss as finally determined, and the notional disallowance under Section 14A was not pressed due to a minimal amount. Other grounds were not detailed, and the appeal was allowed for statistical purposes, rendering the stay petition moot. The order was pronounced on 08th May 2015 in Open Court. Case-Laws Income Tax Fri, 08 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260046