https://www.taxtmi.com/caselaws?id=422071 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. Key outcomes included the deletion of disallowance under Section 14A, acceptance of royalty payments as revenue expenditure, and exclusion of Section 14A disallowance from book profits under Section 115JB. The Tribunal's decisions were grounded in legal principles and precedent rulings, such as requiring AO satisfaction for Section 14A disallowance and following established interpretations of allowable business expenditures. en-us Wed, 13 Apr 2022 00:00:00 +0530 Sat, 07 May 2022 06:37:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422071 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. Key outcomes included the deletion of disallowance under Section 14A, acceptance of royalty payments as revenue expenditure, and exclusion of Section 14A disallowance from book profits under Section 115JB. The Tribunal's decisions were grounded in legal principles and precedent rulings, such as requiring AO satisfaction for Section 14A disallowance and following established interpretations of allowable business expenditures. Case-Laws Income Tax Wed, 13 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422071