https://www.taxtmi.com/caselaws?id=421202 The Tribunal allowed the assessee's appeals and dismissed the Revenue's appeals for both AY 2012-13 and AY 2014-15. The key takeaways include the necessity for the AO to record satisfaction before making disallowances under Section 14A, and the exclusion of such disallowances while computing book profits under Section 115JB, as supported by relevant case laws. The royalty payments were also upheld as revenue expenditure based on previous Tribunal decisions. en-us Fri, 18 Feb 2022 00:00:00 +0530 Tue, 19 Apr 2022 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421202 The Tribunal allowed the assessee's appeals and dismissed the Revenue's appeals for both AY 2012-13 and AY 2014-15. The key takeaways include the necessity for the AO to record satisfaction before making disallowances under Section 14A, and the exclusion of such disallowances while computing book profits under Section 115JB, as supported by relevant case laws. The royalty payments were also upheld as revenue expenditure based on previous Tribunal decisions. Case-Laws Income Tax Fri, 18 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421202