Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
Transfer-pricing benchmarking and capital-receipt principles sustained taxpayer relief, while unsupported property-advance write-offs remained disallo...
Page of 4801
Press 'Enter' after typing page number.
941 to 960 of 96001 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The ITAT examined royalty receipts from online chemistry databases and journal subscriptions, determining that the subscription revenues from CAS and PUBS divisions do not constitute taxable royalty under Section 9(1)(vi) and Article 12(3) of the India-USA DTAA. Relying on the assessee's previous case for the assessment year 2014-15, the tribunal upheld the assessee's plea and directed the deletion of the tax addition. The appellate tribunal ultimately allowed the assessee's appeal, ruling that the subscription income was not taxable as royalty in the assessee's hands.
The ITAT examined royalty receipts from online chemistry databases and journal subscriptions, determining that the subscription revenues from CAS and PUBS divisions do not constitute taxable royalty under Section 9(1)(vi) and Article 12(3) of the India-USA DTAA. Relying on the assessee's previous case for the assessment year 2014-15, the tribunal upheld the assessee's plea and directed the deletion of the tax addition. The appellate tribunal ultimately allowed the assessee's appeal, ruling that the subscription income was not taxable as royalty in the assessee's hands.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4801
Join Channel
TaxTMI 
