https://www.taxtmi.com/caselaws?id=307843 The Tribunal ruled in favor of the assessee, a Swiss company, determining that the subscription income received from Indian customers for providing access to its online pharmaceutical database should not be classified as 'Royalty' under the Income-tax Act and the India-Switzerland Tax Treaty. The Tribunal directed the Assessing Officer to grant the TDS credit claimed by the assessee and delete the interest levied under Sections 234B and 234D, aligning with previous rulings in the assessee's favor on the taxability of subscription income. en-us Mon, 10 Oct 2022 00:00:00 +0530 Thu, 11 May 2023 16:45:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307843 The Tribunal ruled in favor of the assessee, a Swiss company, determining that the subscription income received from Indian customers for providing access to its online pharmaceutical database should not be classified as 'Royalty' under the Income-tax Act and the India-Switzerland Tax Treaty. The Tribunal directed the Assessing Officer to grant the TDS credit claimed by the assessee and delete the interest levied under Sections 234B and 234D, aligning with previous rulings in the assessee's favor on the taxability of subscription income. Case-Laws Income Tax Mon, 10 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307843