https://www.taxtmi.com/caselaws?id=763283 Consideration for the use of standard facilities was held not to constitute royalty under Section 9(1)(vi) of the Income-tax Act, 1961, as amended by the Finance Act, 2012. The issue was treated as covered by the Supreme Court's ruling in Engineering Analysis Centre of Excellence Private Limited, which held that mere use of standard facilities does not fall within the statutory meaning of royalty. The question was therefore answered against the Revenue and in favour of the assessee. en-us Tue, 09 Jul 2024 00:00:00 +0530 Tue, 17 Dec 2024 08:42:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763283 Consideration for the use of standard facilities was held not to constitute royalty under Section 9(1)(vi) of the Income-tax Act, 1961, as amended by the Finance Act, 2012. The issue was treated as covered by the Supreme Court's ruling in Engineering Analysis Centre of Excellence Private Limited, which held that mere use of standard facilities does not fall within the statutory meaning of royalty. The question was therefore answered against the Revenue and in favour of the assessee. Case-Laws Income Tax Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763283