https://www.taxtmi.com/caselaws?id=183882 The HC upheld the Income Tax Appellate Tribunal's decision to quash the Commissioner's order under Section 263 of the Income Tax Act. The Court found that the Assessing Officer had conducted a reasonable enquiry into the expenses claimed against royalty income and that the expenses were justified. The Tribunal's finding that the royalty income was not a gift but derived from copyright activities was supported by sufficient evidence. Consequently, the reference was answered in favor of the assessee. en-us Fri, 23 Jan 2009 00:00:00 +0530 Tue, 31 Oct 2023 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183882 The HC upheld the Income Tax Appellate Tribunal's decision to quash the Commissioner's order under Section 263 of the Income Tax Act. The Court found that the Assessing Officer had conducted a reasonable enquiry into the expenses claimed against royalty income and that the expenses were justified. The Tribunal's finding that the royalty income was not a gift but derived from copyright activities was supported by sufficient evidence. Consequently, the reference was answered in favor of the assessee. Case-Laws Income Tax Fri, 23 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183882