Clean slate principle extinguishes uncrystallised operational claims and bars continuation of pending recovery and arbitral proceedings after plan app...
Works contract classification governs composite layout-development contracts where VAT-paid goods are transferred alongside construction and infrastru...
Specified income tax exemption for pollution control body remains conditional on non-commercial activity, unchanged income character, and return filin...
Accrual of income in India - Addition on account of royalty - receipt from Indian customer for subscription to database, sale of e-journals and membership fees - India-US tax treaty - The tribunal sided with the appellant, referencing its own precedents which established that the subscription fees received for access to databases and journals did not constitute royalty. It was clarified that customers did not acquire any copyright but merely access to the copyrighted material, which does not qualify as royalty under the DTAA or the Income-tax Act.
Accrual of income in India - Addition on account of royalty - receipt from Indian customer for subscription to database, sale of e-journals and membership fees - India-US tax treaty - The tribunal sided with the appellant, referencing its own precedents which established that the subscription fees received for access to databases and journals did not constitute royalty. It was clarified that customers did not acquire any copyright but merely access to the copyrighted material, which does not qualify as royalty under the DTAA or the Income-tax Act.
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