HC disposes appeal as Assessee availed benefit under Direct Tax Vivad Se Vishwas Act, 2020

PCIT Vs Indian Additives Ltd (Madras High Court) This Tax Case Appeal has been filed by the appellant / Revenue challenging the order dated 14.06.2016 passed by the Income Tax Appellate Tribunal, Bench ‘A’, Chennai in I.T.A.No.835/Mds/2016, relating to the assessment year 2010-11. 2. By order dated 23.01.2017, this court admitted the aforesaid tax case appeal on the following substantial questions of law: “1. Whether on the facts and in the circumstances of the case and in law, the Hon’ble ITAT was right in treating the royalty payments made to M/s.Chevron Oronite Company L...