NRI liable for TDS deduction can’t be expected to apply the expanded definition of ‘Royalty’ when such Explanation was not actually, factually in the Statute: Calcutta HC [Read Order]

Budget 2022 - Virtual digital assets - TDS - taxscan

The Calcutta High Court held that the NRI liable for TDS deduction cannot be expected to apply the expanded definition of “royalty” when such Explanation was not actually, factually in the statute. The Tribunal held the addition to be erroneous and has considered in detail the nature and expenses in respect of which the assessee…

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