https://www.taxtmi.com/caselaws?id=238941 The Tribunal upheld the method of taxing income from royalty and technical services on a receipt basis, following previous favorable decisions for the assessee. Regarding the treatment of software value as royalty, the Tribunal ruled in favor of the assessee, determining that the software embedded in equipment sold did not constitute royalty under relevant tax laws. Citing precedents and legal interpretations, the Tribunal dismissed the Revenue's appeals, aligning with past decisions and factual considerations supporting the assessee's position. en-us Fri, 18 May 2012 00:00:00 +0530 Tue, 05 Apr 2016 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238941 The Tribunal upheld the method of taxing income from royalty and technical services on a receipt basis, following previous favorable decisions for the assessee. Regarding the treatment of software value as royalty, the Tribunal ruled in favor of the assessee, determining that the software embedded in equipment sold did not constitute royalty under relevant tax laws. Citing precedents and legal interpretations, the Tribunal dismissed the Revenue's appeals, aligning with past decisions and factual considerations supporting the assessee's position. Case-Laws Income Tax Fri, 18 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238941