https://www.taxtmi.com/caselaws?id=341556 The High Court upheld the decision of the Income Tax Appellate Tribunal regarding the disallowance of Royalty expenses under Section 35AB of the Act. The Court found that the Tribunal's decision was consistent with a previous order involving the same assessee, which had not been admitted by the Division Bench. Therefore, the Court concluded that the Tribunal did not err in law, leading to the dismissal of the Tax Appeal for lack of any legal question. The case highlights the importance of precedent, consistency, and thorough legal analysis in tax matters. en-us Thu, 30 Mar 2017 00:00:00 +0530 Wed, 12 Apr 2017 07:14:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341556 The High Court upheld the decision of the Income Tax Appellate Tribunal regarding the disallowance of Royalty expenses under Section 35AB of the Act. The Court found that the Tribunal's decision was consistent with a previous order involving the same assessee, which had not been admitted by the Division Bench. Therefore, the Court concluded that the Tribunal did not err in law, leading to the dismissal of the Tax Appeal for lack of any legal question. The case highlights the importance of precedent, consistency, and thorough legal analysis in tax matters. Case-Laws Income Tax Thu, 30 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341556