Payment received under Master Franchise Agreement cannot treat as Royalty: ITAT deletes Addition [Read Order]

Payment - received - under - Master - Franchise - Agreement - cannot - not - treat - as - Royalty - ITAT - deletes - addition - TAXSCAN

The Delhi bench of Income Tax Appellate Tribunal (ITAT) has deleted the Addition and held that payment received under Master Franchise Agreement could not be treated as Royalty. The instant case, the assessee is a resident corporate entity incorporated under the laws of the USA and is a resident of that country. The assessee is…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader