https://www.taxtmi.com/caselaws?id=767877 The ITAT Chennai allowed the assessee's appeal for statistical purposes regarding deduction under section 37 for royalty payments on intellectual property rights and trademark usage. The court found that the assessee was denied a reasonable opportunity to present its case before the CIT(A) despite specific requests for video conferencing or physical hearing. The ITAT accepted additional evidence relating to confidential Standard Operating Procedures involving toxic chemicals, noting these documents were critical to the dispute's resolution. The matter was restored to the AO for fresh examination of whether the claimed payments constitute allowable business deductions under section 37. en-us Tue, 25 Feb 2025 00:00:00 +0530 Thu, 27 Mar 2025 08:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767877 The ITAT Chennai allowed the assessee's appeal for statistical purposes regarding deduction under section 37 for royalty payments on intellectual property rights and trademark usage. The court found that the assessee was denied a reasonable opportunity to present its case before the CIT(A) despite specific requests for video conferencing or physical hearing. The ITAT accepted additional evidence relating to confidential Standard Operating Procedures involving toxic chemicals, noting these documents were critical to the dispute's resolution. The matter was restored to the AO for fresh examination of whether the claimed payments constitute allowable business deductions under section 37. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767877