Interconnect usage Payment received by Foreign Company from Indian telecom Operator not Taxable as ‘Royalty’: ITAT [Read Order]

Payment received by assessee company from the Indian telecom operator for interconnect usage is not chargeable to tax as “royalty”
ITAT Bangalore - ITAT - Income Tax - ITAT ruling on interconnect usage payment - Foreign company tax exemption India - Taxscan

The Bangalore bench of the Income Tax Appellate Tribunal ( ITAT ) ruled that the interconnect usage payments received by a foreign company from an Indian telecom operator should not be classified as ‘Royalty’. M/s HCG Global Communications Ltd., the assessee in this case, is a foreign entity registered under the laws of Hong Kong…

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