Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2003 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2003 (5) TMI 45 - MADHYA PRADESH HIGH COURT"Whether the Tribunal is justified in not accepting the claim of the Revenue that there should have been deduction of tax at source under section 195 of the Income-tax Act, 1961, in regard to the remittance of 25,000 US $ to PCI Kingwood, USA, treating the said amount as royalty?" - Solely because an entry is of the commercial nature would not make it a royalty. - We are not inclined to accept the submission of Mr. Arya that every information if it concerns the industries or commercial venture would be a royalty. That would be tantamount to stating the law quite broadly. That does not seem to be the purpose of the statute or that of the treaty.
|