This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Payment for International Private Leased Circuits not royalty hence disallowance u/s. 40(a)(i) not justified
Case Law Details
- Case Name
- Cognizant Technology Solutions India Private Limited Vs CIT (Madras High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2003-04
- Courts
- All High Courts, Madras High Court
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Cognizant Technology Solutions India Private Limited Vs CIT (Madras High Court)
Madras High Court held that payment made for International Private Leased Circuits [IPLC] doesn’t constitute royalty within the expression provided under clause (iva) to Explanation 2 to section 9(1)(vi) of the Income Tax Act. Hence, disallowance u/s. 40(a)(i) of the Income Tax Act not sustained.
Facts- The assessee is a company engaged in the business of software development and export. Apropos of assessment year 2003-2004, the Assessing Officer finding that the amount paid by the assessee to S...
Author Info
