https://www.taxtmi.com/caselaws?id=383872 The High Court ruled in favor of the assessee, determining that the payment made for the supply of material for manufacturing vehicles did not constitute royalty and was not subject to tax deduction at source. The court disagreed with the Tribunal's interpretation, stating that royalty payment would only be triggered upon the commencement of production and sale when the supplied material is utilized. The judgment clarified the distinction between payment for technical information and royalty, emphasizing that the former was for the supply of material and not ongoing use of assets or property. en-us Wed, 24 Jul 2019 00:00:00 +0530 Wed, 31 Jul 2019 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383872 The High Court ruled in favor of the assessee, determining that the payment made for the supply of material for manufacturing vehicles did not constitute royalty and was not subject to tax deduction at source. The court disagreed with the Tribunal's interpretation, stating that royalty payment would only be triggered upon the commencement of production and sale when the supplied material is utilized. The judgment clarified the distinction between payment for technical information and royalty, emphasizing that the former was for the supply of material and not ongoing use of assets or property. Case-Laws Income Tax Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383872