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Charter Hire Charges Disputed as Royalty Instead of Presumptive Income; ITAT Restores Matter to DRP for Fresh Directions

Update / Judgement Date

17 Oct 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Financial ManagementIncome Tax

ITAT restored a case concerning charter hire charges treated as royalty instead of presumptive income to the DRP for fresh directions. The ruling underscores the importance of proper classification and adherence to income tax provisions in business arrangements.