Consideration received towards Software License Fee cannot be termed as ‘Royalty’: ITAT [Read Order]

Consideration - Software License fee - Royalty - ITAT - taxscan

ThePune bench of the Income Tax Appellate Tribunal (ITAT) comprising ShriInturi Rama Rao, A M and ShriS S Viswanethra Ravi, J M has held that consideration received towards software License fees cannot be termed as “Royalty” The appellant TIBCO Software is a non-resident company incorporated in Netherland engaged in the sale of Software licences and…

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