The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the purchase of the licensed software would not amount to royalty and under the Income Tax Act, 1961 and the Double Taxation Avoidance Agreement (DTAA) between India and USA. The assessee claimed a deduction of expenditure incurred on the purchase of licensed […]
The post Purchase of Licensed Software not Royalty under both Income Tax Act and Indo-USA DTAA: ITAT appeared first on Taxscan | Simplifying Tax Laws.
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