https://www.taxtmi.com/caselaws?id=326933 The Court upheld the decision of the Ld. CIT (A) to dismiss the appeal of the Department regarding the disallowance of royalty payments under section 40A(2)(a)/(b). The Court found that the reduced royalty rate indicated a genuine business arrangement and expenses incurred for business purposes are allowable. The Court determined that the Department failed to present new material to counter the previous findings, leading to the dismissal of the appeal and upholding of the Ld. CIT (A)'s decision. en-us Thu, 17 Mar 2016 00:00:00 +0530 Thu, 28 Apr 2016 10:06:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326933 The Court upheld the decision of the Ld. CIT (A) to dismiss the appeal of the Department regarding the disallowance of royalty payments under section 40A(2)(a)/(b). The Court found that the reduced royalty rate indicated a genuine business arrangement and expenses incurred for business purposes are allowable. The Court determined that the Department failed to present new material to counter the previous findings, leading to the dismissal of the appeal and upholding of the Ld. CIT (A)'s decision. Case-Laws Income Tax Thu, 17 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326933