https://www.taxtmi.com/caselaws?id=236460 Receipts from sale and distribution of Microsoft software products were treated as royalty in character, but were not assessable in the assessee's hands because the same income had already been held taxable in the hands of M/s Gracemac Corporation. Following the Tribunal's earlier view on identical facts, the addition was deleted. The penalty ground was treated as premature, and the interest ground was held to be consequential and dependent on the final tax outcome. The appeal was thus allowed partly. en-us Fri, 05 Jul 2013 00:00:00 +0530 Wed, 17 Aug 2016 17:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236460 Receipts from sale and distribution of Microsoft software products were treated as royalty in character, but were not assessable in the assessee's hands because the same income had already been held taxable in the hands of M/s Gracemac Corporation. Following the Tribunal's earlier view on identical facts, the addition was deleted. The penalty ground was treated as premature, and the interest ground was held to be consequential and dependent on the final tax outcome. The appeal was thus allowed partly. Case-Laws Income Tax Fri, 05 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236460