https://www.taxtmi.com/caselaws?id=364503 The Tribunal ruled in favor of the assessee on all issues, allowing the exclusion of royalty payment under the Corporate Division, deleting the disallowance under Section 14A, treating the excise duty refund as a capital receipt, and excluding it from the book profit under Section 115JB. The appeals of the Revenue were dismissed, and the assessee's appeals were allowed, based on precedents from earlier assessment years. The decision was issued on 26th July 2018. en-us Thu, 26 Jul 2018 00:00:00 +0530 Tue, 31 Jul 2018 13:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364503 The Tribunal ruled in favor of the assessee on all issues, allowing the exclusion of royalty payment under the Corporate Division, deleting the disallowance under Section 14A, treating the excise duty refund as a capital receipt, and excluding it from the book profit under Section 115JB. The appeals of the Revenue were dismissed, and the assessee's appeals were allowed, based on precedents from earlier assessment years. The decision was issued on 26th July 2018. Case-Laws Income Tax Thu, 26 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364503