https://www.taxtmi.com/caselaws?id=308496 The Supreme Court ruled in favor of the assessee in a tax case concerning the payment for the use of copyrighted computer software. The court held that such payments did not constitute 'royalty' under the Income Tax Act, absolving the assessee from tax liability. The court also clarified that the transfer of the right to use copyrighted software did not amount to royalty, aligning with Double Taxation Avoidance Agreement provisions. The judgment emphasized that tax deduction at the source was not mandatory in such cases, dismissing the Tax Case Appeals and ruling against the Revenue. en-us Mon, 20 Dec 2021 00:00:00 +0530 Thu, 29 Jun 2023 20:58:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308496 The Supreme Court ruled in favor of the assessee in a tax case concerning the payment for the use of copyrighted computer software. The court held that such payments did not constitute 'royalty' under the Income Tax Act, absolving the assessee from tax liability. The court also clarified that the transfer of the right to use copyrighted software did not amount to royalty, aligning with Double Taxation Avoidance Agreement provisions. The judgment emphasized that tax deduction at the source was not mandatory in such cases, dismissing the Tax Case Appeals and ruling against the Revenue. Case-Laws Income Tax Mon, 20 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308496