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Income Tax - Highlights / Catch Notes

Home Highlights October 2023 Year 2023 This

Income taxable in India - royalty income - sale of hardware ...

Income Tax

October 19, 2023

Income taxable in India - royalty income - sale of hardware along with software packages - the assessee procures hardware and software packages from other vendors and sells them to third party customers. Therefore, the ownership over copyright lies with the manufacturer and original supplier of software packages and not with the assessee. - CIT(A) rightly deleted the penalty - AT

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