https://www.taxtmi.com/caselaws?id=303166 The ITAT Delhi allowed the appeals for AY 2010-11 and 2011-12, setting aside the assessment orders regarding the taxability of revenue from the sale of software products. The Tribunal ruled that revenue from the sale of Microsoft Retail Software Products to Indian Distributors did not constitute royalty income, aligning with recent judgments by the Delhi High Court and the Supreme Court. This decision emphasized the significance of legal precedents in tax assessments and clarified that such sales should be treated as business income rather than royalty income. en-us Wed, 13 Apr 2022 00:00:00 +0530 Wed, 06 Jul 2022 22:00:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303166 The ITAT Delhi allowed the appeals for AY 2010-11 and 2011-12, setting aside the assessment orders regarding the taxability of revenue from the sale of software products. The Tribunal ruled that revenue from the sale of Microsoft Retail Software Products to Indian Distributors did not constitute royalty income, aligning with recent judgments by the Delhi High Court and the Supreme Court. This decision emphasized the significance of legal precedents in tax assessments and clarified that such sales should be treated as business income rather than royalty income. Case-Laws Income Tax Wed, 13 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303166