https://www.taxtmi.com/highlights?id=79898 Royalty payable at reduced rate of 0.75% on FOB value upheld. Valuation of shares: AO directed to adopt projected growth rate of 19% as per assessee's valuation instead of 25% adopted by CIT(A). Deduction u/ss 80-IB and 80-IC allowed on receipts from sale of scrap, being part of manufacturing process and proximate gains from industrial undertaking. No substantial question of law arises. en-us Tue, 30 Jul 2024 08:10:32 +0530 Tue, 30 Jul 2024 08:10:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79898 Royalty payable at reduced rate of 0.75% on FOB value upheld. Valuation of shares: AO directed to adopt projected growth rate of 19% as per assessee's valuation instead of 25% adopted by CIT(A). Deduction u/ss 80-IB and 80-IC allowed on receipts from sale of scrap, being part of manufacturing process and proximate gains from industrial undertaking. No substantial question of law arises. Highlights Income Tax Tue, 30 Jul 2024 08:10:32 +0530 https://www.taxtmi.com/highlights?id=79898