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2014 (5) TMI 1122 - AT - Income TaxIncome on account of 'Royalty and Fees for Technical Services' - taxable on receipt basis OR accrual basis - Held that:- As decided in assessee's own case for assessment years 1990-91, 1991-92, 1994-95, 1996-97, 1997-98 and 2001-02 has held that Royalty has to be assessed to tax on receipt basis and not on accrual basis Software is a part and parcel of equipment sold, therefore, no Royalty is payable
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