Receipts from Disaster Recovery Up-Linking Services are not Royalty: ITAT deletes Addition [Read Order]

ITAT deletes Addition - Receipts - Disaster Recovery Up-Linking Services - Disaster Recovery - Receipts from Disaster Recovery Up-Linking Services are not Royalty - ITAT - Taxscan

The Income Tax Appellate Tribunal (ITAT) Delhi Bench held that receipts from disaster recovery up-linking services are not Royalty. Therefore the bench deleted the addition made by the assessing officer. The assessee, Planetcast International Pte. Ltd.e is a non-resident corporate entity and a tax resident of the Republic of Singapore. principal activities of the assessee are…

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