Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2017 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (11) TMI 1313 - HC - Income TaxRoyalty and Warranty - Deletion of Addition made by AO on account of Royalty - Held That:- The ITAT has referred to earlier year case of same assessee [2013 (4) TMI 872 - ITAT DELHI]in which appeal is decided in favor of assessee on grounds that appeal filed by revenue is delayed. Therefore this appeal of revenue is dismissed and additon made by AO of ₹ 21,35,45,197/- on account of royalty paid to SEC Korea is deleted. Deletion of Addition made by AO on account of Provision of Warranty/After Sale Service Compensation- Held That:- CIT(A) delete the addition done by AO on grounds that AO has done the same on Adhoc basis but basis the factual findings the same is made on scientific Basis. No substantial question of law arises - Decided in favour of Revenue.
|