https://www.taxtmi.com/caselaws?id=408032 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete the addition of Rs. 6 crore under Section 40(a)(ia) of the Income Tax Act, ruling that the payment did not constitute 'royalty' and therefore did not require TDS. Additionally, the Tribunal upheld the deletion of the Rs. 20 lakh addition under Section 69A, as the entire amount was found to be properly recorded in the assessee's books. The Tribunal dismissed the Revenue's appeal on both issues, affirming the CIT(A)'s order in full. en-us Thu, 27 May 2021 00:00:00 +0530 Sat, 29 May 2021 08:30:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408032 The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]'s decision to delete the addition of Rs. 6 crore under Section 40(a)(ia) of the Income Tax Act, ruling that the payment did not constitute 'royalty' and therefore did not require TDS. Additionally, the Tribunal upheld the deletion of the Rs. 20 lakh addition under Section 69A, as the entire amount was found to be properly recorded in the assessee's books. The Tribunal dismissed the Revenue's appeal on both issues, affirming the CIT(A)'s order in full. Case-Laws Income Tax Thu, 27 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408032