https://www.taxtmi.com/caselaws?id=346388 The Tribunal held that income from the supply of software and related services should be classified as business income, not royalty, and taxed under section 44BB. The income was found not taxable as royalty under the Indo-Canada Double Taxation Avoidance Agreement. The applicability of sections 44D/44DA was deemed irrelevant for the assessment year in question. The Tribunal also addressed the chargeability of interest under section 234B, stating that interest would be payable if there was a default in making advance tax payments. The appeals for the assessment year 2007-08 were dismissed, and the appeal for 2009-10 was partly allowed with the issue of interest restored for reconsideration. en-us Fri, 21 Apr 2017 00:00:00 +0530 Fri, 11 Aug 2017 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346388 The Tribunal held that income from the supply of software and related services should be classified as business income, not royalty, and taxed under section 44BB. The income was found not taxable as royalty under the Indo-Canada Double Taxation Avoidance Agreement. The applicability of sections 44D/44DA was deemed irrelevant for the assessment year in question. The Tribunal also addressed the chargeability of interest under section 234B, stating that interest would be payable if there was a default in making advance tax payments. The appeals for the assessment year 2007-08 were dismissed, and the appeal for 2009-10 was partly allowed with the issue of interest restored for reconsideration. Case-Laws Income Tax Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346388