https://www.taxtmi.com/caselaws?id=275277 The Court upheld the decisions of the lower authorities regarding the reallocation of expenditure/income on account of royalty, entitlement to deduction under Section 80IB of the Income Tax Act, and sums added under Section 68 of the Income Tax Act. The Court found no legal question in the reallocation of trade advances against subsequent sales, supported the deletion of the disputed sub-licence fee amount, and upheld factual findings on the sums added under Section 68. The judgment emphasizes the significance of proper documentation and compliance with tax laws for determining tax liabilities and deductions. en-us Mon, 06 Nov 2017 00:00:00 +0530 Tue, 16 Jun 2026 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275277 The Court upheld the decisions of the lower authorities regarding the reallocation of expenditure/income on account of royalty, entitlement to deduction under Section 80IB of the Income Tax Act, and sums added under Section 68 of the Income Tax Act. The Court found no legal question in the reallocation of trade advances against subsequent sales, supported the deletion of the disputed sub-licence fee amount, and upheld factual findings on the sums added under Section 68. The judgment emphasizes the significance of proper documentation and compliance with tax laws for determining tax liabilities and deductions. Case-Laws Income Tax Mon, 06 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275277