https://www.taxtmi.com/caselaws?id=447360 The Tribunal dismissed the appeal concerning the penalty levied under Section 271(1)(c) of the Income Tax Act, 1961, for AY 2013-14 and AY 2014-15. The Tribunal noted that the respondent/assessee had succeeded in related quantum appeals where the court ruled that income from domain name registration services did not constitute "royalty" under Section 9(1)(vi). Consequently, the penalty could not be upheld. The appeal was closed, and the application for condonation of delay was deemed inefficacious. Parties were directed to proceed based on the digitally signed order. en-us Thu, 14 Dec 2023 00:00:00 +0530 Sat, 23 Dec 2023 09:44:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447360 The Tribunal dismissed the appeal concerning the penalty levied under Section 271(1)(c) of the Income Tax Act, 1961, for AY 2013-14 and AY 2014-15. The Tribunal noted that the respondent/assessee had succeeded in related quantum appeals where the court ruled that income from domain name registration services did not constitute "royalty" under Section 9(1)(vi). Consequently, the penalty could not be upheld. The appeal was closed, and the application for condonation of delay was deemed inefficacious. Parties were directed to proceed based on the digitally signed order. Case-Laws Income Tax Thu, 14 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447360