https://www.taxtmi.com/caselaws?id=412308 The High Court upheld the Tribunal's decision allowing the assessee to apply different tax rates for royalty income from agreements made before and after a specific date. The Court found that each sub-clause under Section 115A(1)(b) created a separate charge of income tax, supporting the assessee's ability to segregate income sources. It concluded that the tax on royalty income should be computed separately for each sub-clause, in line with the Act and relevant agreements. The Court dismissed the appeal, citing a previous judgment in favor of the assessee and affirming the Tribunal's decision. en-us Thu, 22 Apr 2021 00:00:00 +0530 Wed, 15 Sep 2021 09:01:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412308 The High Court upheld the Tribunal's decision allowing the assessee to apply different tax rates for royalty income from agreements made before and after a specific date. The Court found that each sub-clause under Section 115A(1)(b) created a separate charge of income tax, supporting the assessee's ability to segregate income sources. It concluded that the tax on royalty income should be computed separately for each sub-clause, in line with the Act and relevant agreements. The Court dismissed the appeal, citing a previous judgment in favor of the assessee and affirming the Tribunal's decision. Case-Laws Income Tax Thu, 22 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412308