https://www.taxtmi.com/caselaws?id=347756 The Tribunal concluded that the payments made by the assessee to ASL were not royalty, absolving the assessee from liability to deduct tax at source. Consequently, issues regarding grossing up of tax rate, levy of interest under Section 201(1A), and disallowance under Section 40(a)(ia) were decided in favor of the assessee. The Tribunal remanded the issues of MAT Credit and erroneous computation of business income to the AO for further verification and adjudication. The appeals for AYs 2007-08 to 2011-12 were allowed, while the appeals for AYs 2009-10 and 2010-11 were partly allowed. en-us Wed, 02 Aug 2017 00:00:00 +0530 Sat, 09 Sep 2017 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347756 The Tribunal concluded that the payments made by the assessee to ASL were not royalty, absolving the assessee from liability to deduct tax at source. Consequently, issues regarding grossing up of tax rate, levy of interest under Section 201(1A), and disallowance under Section 40(a)(ia) were decided in favor of the assessee. The Tribunal remanded the issues of MAT Credit and erroneous computation of business income to the AO for further verification and adjudication. The appeals for AYs 2007-08 to 2011-12 were allowed, while the appeals for AYs 2009-10 and 2010-11 were partly allowed. Case-Laws Income Tax Wed, 02 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347756