https://www.taxtmi.com/caselaws?id=14002 The High Court of Delhi affirmed the Tribunal's decision regarding the interpretation of the Income-tax Act, 1961 on the allowance of minimum royalty payable to the Government of Orissa. The Court held that the assessee-company was obligated to pay the minimum royalty as per the agreement terms, rejecting the Revenue's arguments. The Tribunal's direction to allow the entire amount of Rs. 1 lakh representing the minimum royalty paid by the assessee was upheld, concluding the dispute in favor of the assessee. en-us Mon, 08 Jan 2001 00:00:00 +0530 Mon, 06 Jul 2009 18:37:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14002 The High Court of Delhi affirmed the Tribunal's decision regarding the interpretation of the Income-tax Act, 1961 on the allowance of minimum royalty payable to the Government of Orissa. The Court held that the assessee-company was obligated to pay the minimum royalty as per the agreement terms, rejecting the Revenue's arguments. The Tribunal's direction to allow the entire amount of Rs. 1 lakh representing the minimum royalty paid by the assessee was upheld, concluding the dispute in favor of the assessee. Case-Laws Income Tax Mon, 08 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14002