https://www.taxtmi.com/caselaws?id=394719 The Appellate Tribunal ITAT Bangalore rejected the revenue's petition seeking rectification of an order related to the deduction of royalty income under sections 10A/10AA of the Income-tax Act, 1961. The Tribunal found no direct nexus between the royalty income and the industrial undertaking eligible for the deduction, concluding that the royalty income should not be considered part of the business income. The Tribunal dismissed the revenue's petition, emphasizing that repetitive applications under the same section were impermissible, and pronounced the dismissal on March 18, 2020. en-us Wed, 18 Mar 2020 00:00:00 +0530 Wed, 22 Apr 2020 12:05:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394719 The Appellate Tribunal ITAT Bangalore rejected the revenue's petition seeking rectification of an order related to the deduction of royalty income under sections 10A/10AA of the Income-tax Act, 1961. The Tribunal found no direct nexus between the royalty income and the industrial undertaking eligible for the deduction, concluding that the royalty income should not be considered part of the business income. The Tribunal dismissed the revenue's petition, emphasizing that repetitive applications under the same section were impermissible, and pronounced the dismissal on March 18, 2020. Case-Laws Income Tax Wed, 18 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394719