https://www.taxtmi.com/caselaws?id=277325 The appeal was partly allowed by the Tribunal. The Tribunal accepted the assessee's computation of tax rates for royalty income, ruling that the application of blanket tax rates was incorrect. Additionally, the Tribunal held that the assessee was not liable for interest under Section 234B. The grounds related to the non-grant of TDS credit and initiation of penalty proceedings were dismissed as infructuous since the credit was allowed and no penalty was levied. en-us Fri, 17 Apr 2015 00:00:00 +0530 Sat, 01 Dec 2018 12:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277325 The appeal was partly allowed by the Tribunal. The Tribunal accepted the assessee's computation of tax rates for royalty income, ruling that the application of blanket tax rates was incorrect. Additionally, the Tribunal held that the assessee was not liable for interest under Section 234B. The grounds related to the non-grant of TDS credit and initiation of penalty proceedings were dismissed as infructuous since the credit was allowed and no penalty was levied. Case-Laws Income Tax Fri, 17 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277325