‘Royalty’ cannot be attributed to providing Customized Research Advisory Services: ITAT [Read Order]

Royalty - Customized - Research - Advisory Services - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that customized research advisory services are not taxable under the head Royalty under the relevant treaty and the Income Tax Act, 1961. The assessee contended thatthe custom research is advisory service rendered by assessee in relation to Outsourcing Industry. It was claime that the Assessee…

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