https://www.taxtmi.com/caselaws?id=213912 The High Court ruled in favor of the revenue in an appeal against a Tribunal decision, determining that payments made by Indian customers to foreign suppliers for software use constitute 'royalty' under the Income-tax Act. Citing precedents, the court held that such payments fall within the definition of 'royalty,' upholding tax implications on transactions involving software rights transfers between Indian customers and foreign suppliers. The appeal by the revenue was allowed, favoring tax treatment on these transactions. en-us Thu, 01 Mar 2012 00:00:00 +0530 Tue, 12 Jun 2012 07:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213912 The High Court ruled in favor of the revenue in an appeal against a Tribunal decision, determining that payments made by Indian customers to foreign suppliers for software use constitute 'royalty' under the Income-tax Act. Citing precedents, the court held that such payments fall within the definition of 'royalty,' upholding tax implications on transactions involving software rights transfers between Indian customers and foreign suppliers. The appeal by the revenue was allowed, favoring tax treatment on these transactions. Case-Laws Income Tax Thu, 01 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213912