https://www.taxtmi.com/caselaws?id=399393 The High Court dismissed the appeal, upholding the Tribunal's decision on interpreting and applying provisions for computing tax on royalty income, determining total income for a foreign company, and addressing interest levy on a non-resident assessee. The Tribunal's approach of separate computation of tax for each sub-clause under Section 115A(1)(b)(AA) was supported by precedent, emphasizing distinct tax rates under different agreements and the most beneficial rate to the assessee. The correct application of Section 90(2) of the Act for determining advantageous tax provisions was pivotal in the outcome. en-us Thu, 01 Oct 2020 00:00:00 +0530 Fri, 15 May 2026 10:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399393 The High Court dismissed the appeal, upholding the Tribunal's decision on interpreting and applying provisions for computing tax on royalty income, determining total income for a foreign company, and addressing interest levy on a non-resident assessee. The Tribunal's approach of separate computation of tax for each sub-clause under Section 115A(1)(b)(AA) was supported by precedent, emphasizing distinct tax rates under different agreements and the most beneficial rate to the assessee. The correct application of Section 90(2) of the Act for determining advantageous tax provisions was pivotal in the outcome. Case-Laws Income Tax Thu, 01 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399393