https://www.taxtmi.com/caselaws?id=450364 ITAT Delhi held that a UK-incorporated non-resident assessee could challenge the taxation of software sale receipts as royalty income despite initially offering it as taxable in their return. The tribunal ruled that tax authorities cannot collect tax based on assessee's erroneous self-assessment when the income is not legally taxable under the Act. Mere admission in original return does not bar disputing additions if otherwise permissible under law. The matter was remanded to AO to verify the factual nature of receipts and determine if they constitute taxable royalty or non-taxable software sales. en-us Thu, 29 Feb 2024 00:00:00 +0530 Mon, 04 Mar 2024 09:15:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450364 ITAT Delhi held that a UK-incorporated non-resident assessee could challenge the taxation of software sale receipts as royalty income despite initially offering it as taxable in their return. The tribunal ruled that tax authorities cannot collect tax based on assessee's erroneous self-assessment when the income is not legally taxable under the Act. Mere admission in original return does not bar disputing additions if otherwise permissible under law. The matter was remanded to AO to verify the factual nature of receipts and determine if they constitute taxable royalty or non-taxable software sales. Case-Laws Income Tax Thu, 29 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450364