https://www.taxtmi.com/caselaws?id=358338 The Tribunal ruled that payments for software licenses were not to be treated as royalty under the Income Tax Act or the DTAA. The retrospective amendment from the Finance Act, 2012, could not create a tax deduction obligation retroactively. Consequently, the assessee was not obligated to withhold tax on software license payments, leading to the cancellation of the demand under Section 201(1) and interest under Section 201(1A). The appeal was partially allowed, with certain grounds dismissed as infructuous or not pressed. en-us Thu, 05 Apr 2018 00:00:00 +0530 Tue, 10 Apr 2018 08:26:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358338 The Tribunal ruled that payments for software licenses were not to be treated as royalty under the Income Tax Act or the DTAA. The retrospective amendment from the Finance Act, 2012, could not create a tax deduction obligation retroactively. Consequently, the assessee was not obligated to withhold tax on software license payments, leading to the cancellation of the demand under Section 201(1) and interest under Section 201(1A). The appeal was partially allowed, with certain grounds dismissed as infructuous or not pressed. Case-Laws Income Tax Thu, 05 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358338