https://www.taxtmi.com/caselaws?id=421986 The Appellate Tribunal ITAT Delhi ruled in favor of the assessee on the taxability of revenue from software products and cloud services, setting aside the assessment orders. The Tribunal held that revenue from the sale of software products and cloud services did not constitute royalty income. Additionally, the Tribunal directed the transfer of TDS credit claimed by the assessee to another entity. Penalty proceedings under section 271(1)(c) of the Act were not extensively discussed in the summarized judgment. en-us Wed, 13 Apr 2022 00:00:00 +0530 Fri, 06 May 2022 08:30:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421986 The Appellate Tribunal ITAT Delhi ruled in favor of the assessee on the taxability of revenue from software products and cloud services, setting aside the assessment orders. The Tribunal held that revenue from the sale of software products and cloud services did not constitute royalty income. Additionally, the Tribunal directed the transfer of TDS credit claimed by the assessee to another entity. Penalty proceedings under section 271(1)(c) of the Act were not extensively discussed in the summarized judgment. Case-Laws Income Tax Wed, 13 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421986