https://www.taxtmi.com/caselaws?id=397069 The Tribunal partially allowed the appeal, directing the AO to adopt a rate of 3.93% for direct sales compensation, deleting the adjustment for bad debts written off, remitting the royalty payment issue for re-examination, granting the balance TDS credit, allowing the credit for advance tax paid, and directing the set off of brought forward business loss and unabsorbed depreciation against the total income for the assessment year. Procedural delays due to the COVID-19 pandemic were acknowledged, with the appeal outcome contingent on further verification by the AO. en-us Mon, 27 Jul 2020 00:00:00 +0530 Mon, 18 Jan 2021 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397069 The Tribunal partially allowed the appeal, directing the AO to adopt a rate of 3.93% for direct sales compensation, deleting the adjustment for bad debts written off, remitting the royalty payment issue for re-examination, granting the balance TDS credit, allowing the credit for advance tax paid, and directing the set off of brought forward business loss and unabsorbed depreciation against the total income for the assessment year. Procedural delays due to the COVID-19 pandemic were acknowledged, with the appeal outcome contingent on further verification by the AO. Case-Laws Income Tax Mon, 27 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397069