https://www.taxtmi.com/caselaws?id=28298 The High Court held that the amount received by a non-resident company in India as royalty income, even if deposited in an Indian bank account, is taxable under Section 5(2)(a) of the Income-tax Act. The Court rejected the argument that the amount constituted debt repayment, emphasizing that it was received as royalty income. The Court ruled in favor of the Revenue, affirming the taxation of the income received in India and directed the assessee to pay the costs of the reference. The assessee was granted the opportunity to explore exemption under the Double Taxation Avoidance Agreement in future proceedings. en-us Fri, 30 Jul 1982 00:00:00 +0530 Sat, 20 Feb 2010 12:17:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28298 The High Court held that the amount received by a non-resident company in India as royalty income, even if deposited in an Indian bank account, is taxable under Section 5(2)(a) of the Income-tax Act. The Court rejected the argument that the amount constituted debt repayment, emphasizing that it was received as royalty income. The Court ruled in favor of the Revenue, affirming the taxation of the income received in India and directed the assessee to pay the costs of the reference. The assessee was granted the opportunity to explore exemption under the Double Taxation Avoidance Agreement in future proceedings. Case-Laws Income Tax Fri, 30 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28298