https://www.taxtmi.com/caselaws?id=303019 The Tribunal ruled in favor of the assessee on all three grounds. It held that the reimbursement of data processing costs did not constitute "royalty" as it was for data processing and not for the use of software. The data processing cost was not considered "Head Office Expenses" under Section 44C. Additionally, the interest paid to the head office was not disallowed beyond the amount already disallowed by the assessee. Consequently, the appeal of the assessee was allowed based on prior decisions and relevant case law. en-us Fri, 10 Apr 2015 00:00:00 +0530 Wed, 29 Jun 2022 20:59:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303019 The Tribunal ruled in favor of the assessee on all three grounds. It held that the reimbursement of data processing costs did not constitute "royalty" as it was for data processing and not for the use of software. The data processing cost was not considered "Head Office Expenses" under Section 44C. Additionally, the interest paid to the head office was not disallowed beyond the amount already disallowed by the assessee. Consequently, the appeal of the assessee was allowed based on prior decisions and relevant case law. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303019