Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (8) TMI 729 - AT - Income TaxNature of ‘Royalty’ - payments received towards sale of software as part of machinery - India-Israel DTAA - Held that:- Following the decision of the Coordinate Bench of the Tribunal in the assessee’s own case for A.Y. 2011-12 we hold that the amounts received by the assessee on sale of operational/application software and spare parts is not exigible to tax as ‘Royalty’ and therefore the addition made by the AO and sustained by the DRP is to be deleted. We hold and direct the AO accordingly.
|