Consideration received by Singapore Company on sale of computer software cannot be treated as royalty

Court: Mumbai bench of the Income Tax Appellate Tribunal

Citation: Kansai Nerolac Paints Ltd Vs. ADIT [2010-TII-155-ITAT-MUM-INTL]

Brief: It was held by ITAT, Mumbai that computer software when put into a media and sold becomes goods like any other audio cassette or painting on canvass or book. Accordingly, the amount paid by taxpayer towards purchase of such computer software from a Singapore company cannot be treated as royalty as per the

Please become a Premium member. If you are already a Premium member, login here to access the full content.