https://www.taxtmi.com/caselaws?id=29237 The High Court affirmed the Tribunal's decision that payments made by the assessee to a foreign company constituted royalties and were subject to a lower tax rate of 50% as per the Finance (No. 2) Act of 1971. The court did not address the appeal's maintainability due to lack of specific reference, directing the Commissioner to pay the costs of the reference to the assessee. en-us Thu, 07 Aug 1980 00:00:00 +0530 Thu, 11 Mar 2010 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29237 The High Court affirmed the Tribunal's decision that payments made by the assessee to a foreign company constituted royalties and were subject to a lower tax rate of 50% as per the Finance (No. 2) Act of 1971. The court did not address the appeal's maintainability due to lack of specific reference, directing the Commissioner to pay the costs of the reference to the assessee. Case-Laws Income Tax Thu, 07 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29237