https://www.taxtmi.com/caselaws?id=358061 The High Court remitted the matter back to the Tribunal for adjudication on software income taxation and income attribution between hardware and software. The Tribunal determined that income from software embedded in hardware should be treated as business profits, not royalty income, aligning with legal precedents and statutory provisions. The impugned order was set aside, directing the AO to compute the income afresh considering such income as business profits. All appeals were allowed for statistical purposes, with the decision for subsequent years remaining the same. en-us Wed, 31 Jan 2018 00:00:00 +0530 Wed, 04 Apr 2018 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358061 The High Court remitted the matter back to the Tribunal for adjudication on software income taxation and income attribution between hardware and software. The Tribunal determined that income from software embedded in hardware should be treated as business profits, not royalty income, aligning with legal precedents and statutory provisions. The impugned order was set aside, directing the AO to compute the income afresh considering such income as business profits. All appeals were allowed for statistical purposes, with the decision for subsequent years remaining the same. Case-Laws Income Tax Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358061