https://www.taxtmi.com/caselaws?id=285091 The Appellate Tribunal ITAT Chennai allowed the appeals filed by the assessee for the assessment years 2003-04, 2004-05, 2005-06, and 2006-07, while dismissing the Revenue's appeal for the assessment year 2009-10. The Tribunal held that the consideration received from Dassault Systems Simulia Private Ltd. towards the sale of software products was not taxable in India under Section 9(1)(vi) and that payments to M/s Abaqus were for outright purchase, not subject to disallowance under Section 40(a)(i). This decision aligned with precedents and established that the payments were not in the nature of income arising or accruing in India. en-us Thu, 09 Jan 2014 00:00:00 +0530 Thu, 26 Dec 2019 06:47:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285091 The Appellate Tribunal ITAT Chennai allowed the appeals filed by the assessee for the assessment years 2003-04, 2004-05, 2005-06, and 2006-07, while dismissing the Revenue's appeal for the assessment year 2009-10. The Tribunal held that the consideration received from Dassault Systems Simulia Private Ltd. towards the sale of software products was not taxable in India under Section 9(1)(vi) and that payments to M/s Abaqus were for outright purchase, not subject to disallowance under Section 40(a)(i). This decision aligned with precedents and established that the payments were not in the nature of income arising or accruing in India. Case-Laws Income Tax Thu, 09 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285091