https://www.taxtmi.com/highlights?id=76640 Royalty receipts - income deemed to accrue or arise in India - assessee had sold software licenses to its associated enterprises and to other Indian customers - The ITAT Bangalore ruled that the income received by the software company from software sales to IBM India and others did not constitute royalties under the applicable laws and treaties. This judgment aligns with SC's interpretation and emphasizes consistency in legal interpretations across different assessment years. en-us Tue, 16 Apr 2024 08:24:13 +0530 Tue, 16 Apr 2024 08:24:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76640 Royalty receipts - income deemed to accrue or arise in India - assessee had sold software licenses to its associated enterprises and to other Indian customers - The ITAT Bangalore ruled that the income received by the software company from software sales to IBM India and others did not constitute royalties under the applicable laws and treaties. This judgment aligns with SC's interpretation and emphasizes consistency in legal interpretations across different assessment years. Highlights Income Tax Tue, 16 Apr 2024 08:24:13 +0530 https://www.taxtmi.com/highlights?id=76640