Receipts from Sale/Distribution of Software to Indian Associate Enterprise are not taxable under Article 12(3) of India-Singapore DTAA: ITAT [Read Order]

ITAT - ITAT Delhi - Income Tax Distribution of Software - Indian Associate Enterprise - TAXSCAN

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) ruled that receipts from sale/distribution of software to Indian Associate Enterprise ( AE ) are not taxable under the Article 12(3) of India-Singapore DTAA,. The assessee Finastra International Financial Systems PTE Ltd is an entity incorporated under the local laws of Singapore and the Company receives…

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