https://www.taxtmi.com/caselaws?id=292191 The Tribunal ruled in favor of the Assessee on various issues, including admitting additional evidence without AO's opportunity, disallowance of royalty payment, contingent liability, disallowance under sections 14A and 36(1)(xii). The Tribunal set aside the disallowances and remanded the case back to the AO for proper verification, citing lack of proper justification by the AO and CIT (A). Both appeals by the Revenue and Assessee were allowed for statistical purposes, with issues referred back to the AO for further examination in accordance with legal principles. en-us Mon, 21 Aug 2017 00:00:00 +0530 Fri, 11 Dec 2020 12:00:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292191 The Tribunal ruled in favor of the Assessee on various issues, including admitting additional evidence without AO's opportunity, disallowance of royalty payment, contingent liability, disallowance under sections 14A and 36(1)(xii). The Tribunal set aside the disallowances and remanded the case back to the AO for proper verification, citing lack of proper justification by the AO and CIT (A). Both appeals by the Revenue and Assessee were allowed for statistical purposes, with issues referred back to the AO for further examination in accordance with legal principles. Case-Laws Income Tax Mon, 21 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292191