Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1991 (10) TMI AT This

  • Login
  • Referred In
  • Summary

Forgot password       New User/ Regiser

⇒ Register to get Live Demo



 

1991 (10) TMI 100 - AT - Income Tax

The ITAT Jabalpur allowed the appeal of the assessee against the disallowance of royalty payment for quarrying lime stone. The Tribunal held that royalty payment is a contractual consideration for goods extracted, not a tax or duty, and thus not covered by Section 43B. The disallowance was deleted, and the assessee's claim was allowed.

 

 

 

 

Quick Updates:Latest Updates