https://www.taxtmi.com/caselaws?id=298346 The Tribunal upheld the Revenue's position that the payment for software licenses constituted royalty, requiring tax deduction at source. Additionally, the reassessment proceedings for Assessment Year 2005-06 were deemed valid as they were not based on a change of opinion but on a previous decision of the Karnataka High Court. Consequently, the Tribunal dismissed the appeals by the assessee, affirming the disallowance of claimed deductions and the initiation of reassessment proceedings. en-us Fri, 29 Nov 2019 00:00:00 +0530 Thu, 28 Oct 2021 08:38:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298346 The Tribunal upheld the Revenue's position that the payment for software licenses constituted royalty, requiring tax deduction at source. Additionally, the reassessment proceedings for Assessment Year 2005-06 were deemed valid as they were not based on a change of opinion but on a previous decision of the Karnataka High Court. Consequently, the Tribunal dismissed the appeals by the assessee, affirming the disallowance of claimed deductions and the initiation of reassessment proceedings. Case-Laws Income Tax Fri, 29 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298346