https://www.taxtmi.com/caselaws?id=401016 The Tribunal upheld the CIT(A)'s order and the disallowance of Rs. 151,90,00,000 under Section 40(a)(iib) of the Income Tax Act. It found the license fee to be an exclusive levy on the assessee, in line with the statutory provisions. The Tribunal dismissed the appeal, emphasizing the correct application of the law to curb tax avoidance practices. en-us Mon, 23 Nov 2020 00:00:00 +0530 Wed, 25 Nov 2020 10:18:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401016 The Tribunal upheld the CIT(A)'s order and the disallowance of Rs. 151,90,00,000 under Section 40(a)(iib) of the Income Tax Act. It found the license fee to be an exclusive levy on the assessee, in line with the statutory provisions. The Tribunal dismissed the appeal, emphasizing the correct application of the law to curb tax avoidance practices. Case-Laws Income Tax Mon, 23 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401016