https://www.taxtmi.com/caselaws?id=34807 The court ruled in favor of the assessee, affirming that the payment made for plant know-how and product know-how was not royalty under the Income Tax Act. The court upheld the decision of the Income Tax Appellate Tribunal (ITAT), emphasizing that the transaction occurred outside India, and the purchased technical data did not constitute royalty income. The appeal was disposed of in favor of the assessee, with no order as to costs. en-us Wed, 07 Oct 2009 00:00:00 +0530 Thu, 15 Mar 2012 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34807 The court ruled in favor of the assessee, affirming that the payment made for plant know-how and product know-how was not royalty under the Income Tax Act. The court upheld the decision of the Income Tax Appellate Tribunal (ITAT), emphasizing that the transaction occurred outside India, and the purchased technical data did not constitute royalty income. The appeal was disposed of in favor of the assessee, with no order as to costs. Case-Laws Income Tax Wed, 07 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34807