https://www.taxtmi.com/caselaws?id=420866 The Tribunal partly allowed the appeal, providing relief on certain issues while upholding the AO's and CIT(A)'s decisions on others. The Tribunal's detailed analysis ensured that the legal principles and relevant provisions of the Income Tax Act were appropriately applied. The key issues revolved around the taxability of gains from the sale/assignment of Intellectual Property Rights, deduction of various expenses, grant of Foreign Tax Credit, reduction of MAT credit, and charging of interest under sections 234B and 234C. en-us Wed, 16 Mar 2022 00:00:00 +0530 Tue, 12 Apr 2022 09:16:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420866 The Tribunal partly allowed the appeal, providing relief on certain issues while upholding the AO's and CIT(A)'s decisions on others. The Tribunal's detailed analysis ensured that the legal principles and relevant provisions of the Income Tax Act were appropriately applied. The key issues revolved around the taxability of gains from the sale/assignment of Intellectual Property Rights, deduction of various expenses, grant of Foreign Tax Credit, reduction of MAT credit, and charging of interest under sections 234B and 234C. Case-Laws Income Tax Wed, 16 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420866