The Income Tax Appellate Tribunal (ITAT), Mumbai has held that the sale receipts of shrink-wrap software are not “royalty” within the meaning of the Income Tax Act, 1961. The assessee was aggrieved by the order of the Assessing Officer wherein it was observed that as per the ‘License and Subscription Service Agreement’, SolidWorks granted the […]
from Taxscan | Simplifying Tax Laws https://ift.tt/31QRiM2
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