Interim order modified to permit repatriation of Rs. 97 crores ...

Interim order allows Rs. 97cr royalty repatriation after TDS, citing deposits, no demand & delayed assessment. Expedite assessment by 31.12.2024.

Case Laws Income Tax

July 31, 2024

Interim order modified to permit repatriation of Rs. 97 crores towards royalty, subject to TDS deduction, considering substantial deposits made, absence of crystallized demand, and delay in search assessment completion. Contractual obligations cannot be defaulted indefinitely. Respondents directed to expedite assessment by 31.12.2024. Petitioner to provide royalty repatriation details. Dividend payout consideration deferred. Matter listed for review on 14.02.2025.

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Interim order modified to permit repatriation of Rs. 97 crores ...

Interim order allows Rs. 97cr royalty repatriation after TDS, citing deposits, no demand & delayed assessment. Expedite assessment by 31.12.2024.

Case Laws Income Tax

July 31, 2024

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