https://www.taxtmi.com/caselaws?id=57985 The ITAT Bombay-A held that royalty income should be taxed at 40% instead of 53.75% as per the new agreement entered into in 1979. The addition made on a protective basis was deleted as it had already been taxed on an accrual basis in an earlier year. The appeal was dismissed. en-us Fri, 15 Sep 1989 00:00:00 +0530 Wed, 15 Dec 2010 17:05:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57985 The ITAT Bombay-A held that royalty income should be taxed at 40% instead of 53.75% as per the new agreement entered into in 1979. The addition made on a protective basis was deleted as it had already been taxed on an accrual basis in an earlier year. The appeal was dismissed. Case-Laws Income Tax Fri, 15 Sep 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57985