https://www.taxtmi.com/caselaws?id=761175 ITAT Pune allowed the appeal and set aside the order of Addl/JCIT(A), Panchkula regarding denial of concessional tax rate on royalty income under section 115BBF. The tribunal held that since the assessee had uploaded Form No.3CFA before completion of proceedings under section 143(1), the appeal should not have been rejected. ITAT directed the AO to tax royalty income at special rate of 10% instead of normal rate adopted by CPC. The assessee's grounds were allowed. en-us Fri, 25 Oct 2024 00:00:00 +0530 Wed, 06 Nov 2024 08:34:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761175 ITAT Pune allowed the appeal and set aside the order of Addl/JCIT(A), Panchkula regarding denial of concessional tax rate on royalty income under section 115BBF. The tribunal held that since the assessee had uploaded Form No.3CFA before completion of proceedings under section 143(1), the appeal should not have been rejected. ITAT directed the AO to tax royalty income at special rate of 10% instead of normal rate adopted by CPC. The assessee's grounds were allowed. Case-Laws Income Tax Fri, 25 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761175