{"id":14198,"date":"2020-12-06T07:00:15","date_gmt":"2020-12-06T07:00:15","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ultimate-flexipack-ltd-v-dy-cit-202078-itr-410-delhi-trib-2\/"},"modified":"2020-12-06T07:00:15","modified_gmt":"2020-12-06T07:00:15","slug":"ultimate-flexipack-ltd-v-dy-cit-202078-itr-410-delhi-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ultimate-flexipack-ltd-v-dy-cit-202078-itr-410-delhi-trib-2\/","title":{"rendered":"Ultimate Flexipack Ltd. v Dy. CIT (2020)78 ITR 410( Delhi) (Trib)"},"content":{"rendered":"<p>Tribunal held, that the additional grounds taken by the assessee were identical to those taken for the assessment year 2005-06 wherein the Tribunal had admitted the ground and observed that the proposition of the assessee that the sub-licensing fee, if any, ought to have been excluded on net basis after adjusting the royalty paid against income from sub-licensing because the sub-licensing income and royalty payment had a direct nexus with the know-how agreement but excluding the direct nexus of sub-licensing to the manufacturing activity of the assessee. For the assessment year 2007-08 the facts remained the same. Thus, the Assessing Officer was to compute the sub-licensing fee on net basis after adjusting the royalty paid against income from sub-licensing.( AY.2007-08 to 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80IB: Industrial undertakings &#8211; Sub-Licensing income \u2014 Royalty \u2014  Not related to manufacturing activity &#8211; Income excludible on net basis after adjusting loyalty paid against sub-licensing income [ S.80IC ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-14198","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3H0","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=14198"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14198\/revisions"}],"predecessor-version":[{"id":14199,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14198\/revisions\/14199"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}