https://www.taxtmi.com/caselaws?id=245802 The Tribunal upheld the CIT(A)'s decision to admit additional evidence and reduce the revenue quantum. It agreed that income from the sale of software should be taxed as business receipts, not royalty, citing relevant case law. The Tribunal rejected the assessee's claim to exclude sales to a specific company from revenue calculations for PE profits. Additionally, the Tribunal upheld the AO's levy of interest under section 234B, overturning the CIT(A)'s decision on this matter. en-us Fri, 04 Apr 2014 00:00:00 +0530 Wed, 09 Mar 2016 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245802 The Tribunal upheld the CIT(A)'s decision to admit additional evidence and reduce the revenue quantum. It agreed that income from the sale of software should be taxed as business receipts, not royalty, citing relevant case law. The Tribunal rejected the assessee's claim to exclude sales to a specific company from revenue calculations for PE profits. Additionally, the Tribunal upheld the AO's levy of interest under section 234B, overturning the CIT(A)'s decision on this matter. Case-Laws Income Tax Fri, 04 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245802