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Complete Case Digest on Royalty under Income Tax Act
‘Royalty’, is typically the sum of money paid to the proprietor or Licensor of Intellectual Property (IP) Rights for the benefits derived, or sought...



![Expenditure on Software Application Development treated as Revenue Expenditure: SC dismisses SLP filed by Income Tax Department [Read Judgement] Expenditure on Software Application Development treated as Revenue Expenditure: SC dismisses SLP filed by Income Tax Department [Read Judgement]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-tax-department-Special-leave-petition-SLP-Revenue-expenditure-Software-application-TAXSCAN.jpg)
![Money Introduced from JDS Industries not Deemed Taxpayer’s Own Income: ITAT deletes Addition of 4.45 Core u/s 69 [Read Order] Money Introduced from JDS Industries not Deemed Taxpayer’s Own Income: ITAT deletes Addition of 4.45 Core u/s 69 [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/site-img-4.jpg)
![No Order can be Passed in Name of Non-Existent Entity: ITAT quashes Income Tax Assessment Order [Read Order] No Order can be Passed in Name of Non-Existent Entity: ITAT quashes Income Tax Assessment Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Mumbai-Income-Tax-Assessment-Order-Order-Passed-Non-Existent-Entity-Income-Tax-Income-Tax-Update-Taxscan.jpg)
![Failure to File SFT within Stipulated Date given in Notice u/s 285 BA of Income Tax Act: ITAT confirms Penalty u/s 271FA [Read Order] Failure to File SFT within Stipulated Date given in Notice u/s 285 BA of Income Tax Act: ITAT confirms Penalty u/s 271FA [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-ITAT-Ahmedabad-SFT-Section-285BA-of-the-Income-Tax-Act-Statement-of-Financial-Transactions-Tax-news-Taxscan.jpg)
![Taxpayer is Co-Owner of Bank Account, No Concealment of Income: ITAT deletes penalty u/s 271(1) (c) of Income Tax Act [Read Order] Taxpayer is Co-Owner of Bank Account, No Concealment of Income: ITAT deletes penalty u/s 271(1) (c) of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-tax-appellate-tribunal-income-tax-act-income-tax-Tax-news-TAXSCAN.jpg)
![Payment to Pollution Control Board for Environmental Norms Violation does not amount to Penalty, No Disallowance under Income Tax Act: ITAT [Read Order] Payment to Pollution Control Board for Environmental Norms Violation does not amount to Penalty, No Disallowance under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Income-tax-appellate-tribunal-income-tax-income-tax-news-income-tax-act-TAXSCAN.jpg)
![Amount transferred from Current Account to Deposit Account to maintaining shortfall of Accounts cannot be consider Income of Assessee: ITAT deletes Addition [Read Order] Amount transferred from Current Account to Deposit Account to maintaining shortfall of Accounts cannot be consider Income of Assessee: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-Chennai-Income-tax-Tax-news-Current-account-transfer-Income-tax-assessment-taxscan.jpg)
![Ratification Order under Income Tax Act Passed on Non Existing Entity is Invalid: ITAT [Read Order] Ratification Order under Income Tax Act Passed on Non Existing Entity is Invalid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/Income-Tax-Act-ITAT-Ratification-Income-Tax-Appellate-Tribunal-non-existent-entity-Income-Tax-taxscan.jpg)
![Invalid Notice issued prior to Filing of ITR: ITAT quashes Assessment order [Read Order] Invalid Notice issued prior to Filing of ITR: ITAT quashes Assessment order [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/ITAT-income-tax-appellate-tribunal-ITR-filling-Invalid-notices-Invalid-notice-issues-TAXSCAN.jpg)
