https://www.taxtmi.com/caselaws?id=4512 The High Court upheld the deduction for royalty payments but denied the deduction under section 35AB, ruling in favor of the Revenue. The judgment emphasized the importance of adhering to the specific provisions of the Income-tax Act when allowing deductions and highlighted the need for claims to meet the prescribed criteria to be considered valid. en-us Thu, 18 May 2006 00:00:00 +0530 Sat, 26 Jul 2008 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4512 The High Court upheld the deduction for royalty payments but denied the deduction under section 35AB, ruling in favor of the Revenue. The judgment emphasized the importance of adhering to the specific provisions of the Income-tax Act when allowing deductions and highlighted the need for claims to meet the prescribed criteria to be considered valid. Case-Laws Income Tax Thu, 18 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4512