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 - HC - Income Tax"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.
|