https://www.taxtmi.com/caselaws?id=343671 The Tribunal upheld the disallowance of royalty payment, citing a previous case. Regarding disallowance under Section 14A, the Tribunal ruled in favor of the assessee, following a Madras High Court judgment due to lack of clarity on subsidiary status and absence of dividend income. The computation of book profit under Section 115JB was resolved in favor of the assessee, aligning with the CIT(Appeals) decision based on a previous Tribunal order. The Tribunal's judgment upheld lower authorities' decisions on various Income-tax Act sections, relying on legal precedents and interpretations. en-us Wed, 29 Mar 2017 00:00:00 +0530 Tue, 30 May 2017 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343671 The Tribunal upheld the disallowance of royalty payment, citing a previous case. Regarding disallowance under Section 14A, the Tribunal ruled in favor of the assessee, following a Madras High Court judgment due to lack of clarity on subsidiary status and absence of dividend income. The computation of book profit under Section 115JB was resolved in favor of the assessee, aligning with the CIT(Appeals) decision based on a previous Tribunal order. The Tribunal's judgment upheld lower authorities' decisions on various Income-tax Act sections, relying on legal precedents and interpretations. Case-Laws Income Tax Wed, 29 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343671