ITAT deletes addition of Royalty Tax on Fee for Database Access License under Indo-Swiss Tax Treaty [Read Order]

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench deleted the addition on account of alleged royalty taxable under section 9 (l)(vi) of the Income Tax Act, 1961 read with Article 12(3) of India Switzerland Double Taxation Avoidance Agreement (DTAA). The assessee, IMS AG is a company incorporated, and fiscally domiciled, in Switzerland. The assessee company […]

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