Relief to Godaddy: Delhi HC rules fee received for registration of domain names of third parties not royalty [Read Order]

The Delhi HC ruled that the fee received for registration of domain names of third parties not royalty, thereby granting relief to Godaddy
Godaddy - Delhi High Court - registration of domain names - third parties - royalty - domain - taxscan

In a major relief to Godaddy.Com LLC, the Delhi High Court observed that the fees received for registration of domain names of third parties are not royalty. The final assessment order, the AO made an addition to the income of the appellant/assessee concerning the fee received qua registration of domain names by treating the same…

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