https://www.taxtmi.com/caselaws?id=435132 The ITAT dismissed the revenue's appeal, confirming that income from the sale of software is not taxable as royalty. The ITAT allowed the assessee's appeal for statistical purposes, remanding the issue of taxability of standard automated services as FTS to the Ld. AO for fresh examination. Penalty proceedings and interest levies were not separately addressed, indicating the ITAT upheld the Ld. CIT(A)'s decisions on these matters. en-us Tue, 07 Mar 2023 00:00:00 +0530 Wed, 10 May 2023 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435132 The ITAT dismissed the revenue's appeal, confirming that income from the sale of software is not taxable as royalty. The ITAT allowed the assessee's appeal for statistical purposes, remanding the issue of taxability of standard automated services as FTS to the Ld. AO for fresh examination. Penalty proceedings and interest levies were not separately addressed, indicating the ITAT upheld the Ld. CIT(A)'s decisions on these matters. Case-Laws Income Tax Tue, 07 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435132