Receipts from Reselling of Hardware and software packages  are not ‘Royalty’ under India-Singapore DTAA: ITAT [Read Order]

Receipts - Reselling - Hardware - software- packages  -Royalty- India-Singapore -DTAA-ITAT-TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Delhi bench held that receipts from reselling of hardware and software packages are not “Royalty” under India Singapore Double Taxation Avoidance Agreement. Assessee ,Avnet Asia Pte Ltd.is a non-resident corporate entity and a tax resident of Singapore. Assessee is a wholly owned subsidiary of Avnet Inc. USA.  The assessee…

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