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2015 (9) TMI 793 - AT - Income TaxEstimation of net profit from advertisement revenue - Held that:- So far as the issue relating to addition on account of ‘advertisement revenue’ and ‘distribution revenue’ the same stands decided in favour of the assessee by the Tribunal, which has been affirmed by the Hon’ble High Court in AY 1999-2000 and also in subsequent years. - Decided in favour of assessee Treatment to distribution receipt as ‘Royalty Income - Held that:- As regards this issue we find that this has been treated as business income and such a finding or conclusion now have attained finality, as pointed out by the Ld. Senior Counsel. Thus, finding of the CIT(A) on the issues are affirmed - Decided in favour of assessee Deletion of interest u/s 234B - Held that:- This issue has now been decided in favour of the assessee by the Hon’ble High Court in the case of assessee in the assessment year 1997-98 & 1998-99, wherein the Hon’ble High Court has followed the decision of DIT vs NGC Network Asia LLC, (2009 (1) TMI 174 - BOMBAY HIGH COURT).- Decided in favour of assessee Non-grant of TDS credit - Held that:- DRP has given direction to the Assessing Officer, however in the final assessment order Assessing Officer has not done so. Accordingly, we direct the Assessing Officer to give credit of TDS after verification of records. - Decided in favour of assessee
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