Sale of Domain Name to Resellers Not ‘Royalty’: ITAT deletes Income Tax Addition [Read Order]

Sale of Domain Name - Resellers - Royalty - ITAT - ITAT deletes Addition - Income Tax - Tax - Taxscan

The income Tax Appellate Tribunal (ITAT) of Mumbai directed the Assessing Officer (AO) to delete the addition made on Domain Sale Income, recognised it as Trademark, and charged Royalty. The applicant contended that the AO erred in alleging that income from Domain Name Registration services is taxable as ‘Royalty’ under Section 9(1)(vi) of the Income…

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