Section 47A(3) can be invoked only if benefit u/s 47 is claimed-High Court upheld deletion of royalty paid on takeover
February 23, 2018
High Courts, Income Tax, Judgments
Section 47A(3) can be invoked only if benefit u/s 47 is claimed. High Court uphelds deletion of payment of brand name royalty to proprietor on takeover. ABCAUS Case Law Citation: ABCAUS 2218 (2018) (02) HC The Challenge/Grievance: The case law involves the appeal filed by the Income Tax …