https://www.taxtmi.com/caselaws?id=260431 The tribunal upheld the validity of the reassessment due to a change of opinion and disallowed the deduction under section 40(a)(ia) for non-deduction of TDS on royalty payment. It directed verification of tax payments by the recipient for potential waiver of disallowance. The tribunal dismissed challenges to lower authorities' orders and found the charging of interest under sections 234B & 234C to be against the law. Additionally, it deemed the notice under section 271(1)(c) for alleged concealment or inaccurate particulars of income as unlawful, ultimately partially allowing the appeal. en-us Wed, 11 Mar 2015 00:00:00 +0530 Fri, 12 Jun 2015 05:54:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260431 The tribunal upheld the validity of the reassessment due to a change of opinion and disallowed the deduction under section 40(a)(ia) for non-deduction of TDS on royalty payment. It directed verification of tax payments by the recipient for potential waiver of disallowance. The tribunal dismissed challenges to lower authorities' orders and found the charging of interest under sections 234B & 234C to be against the law. Additionally, it deemed the notice under section 271(1)(c) for alleged concealment or inaccurate particulars of income as unlawful, ultimately partially allowing the appeal. Case-Laws Income Tax Wed, 11 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260431