https://www.taxtmi.com/caselaws?id=187025 The Tribunal held that the royalty income accrued to the assessee only when the right to receive it was established as per the conditions set by IDBI. Consequently, the royalty of Rs. 10.17 crores accrued in the assessment year 2003-04 and Rs. 11.96 crores in the assessment year 2004-05. The income of Rs. 5.98 crores received in the assessment year 2002-03 was taxed accordingly. The Tribunal allowed the assessee's appeal, directing the AO to recompute interest under Sections 234B and 234C, giving due credit for TDS. en-us Mon, 31 Mar 2008 00:00:00 +0530 Thu, 21 Dec 2023 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187025 The Tribunal held that the royalty income accrued to the assessee only when the right to receive it was established as per the conditions set by IDBI. Consequently, the royalty of Rs. 10.17 crores accrued in the assessment year 2003-04 and Rs. 11.96 crores in the assessment year 2004-05. The income of Rs. 5.98 crores received in the assessment year 2002-03 was taxed accordingly. The Tribunal allowed the assessee's appeal, directing the AO to recompute interest under Sections 234B and 234C, giving due credit for TDS. Case-Laws Income Tax Mon, 31 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187025