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![Purchase of Licensed Software not Royalty under both Income Tax Act and Indo-USA DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2019/05/Royalty-ITAT-Taxscan.jpg "Purchase of Licensed Software not Royalty under both Income Tax Act and Indo-USA DTAA: ITAT [Read Order]")
Purchase of Licensed Software not Royalty under both Income Tax Act and Indo-USA DTAA: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal (ITAT) has held that the purchase of the licensed software would not amount to royalty and under...