Delhi ITAT rules – Tax payable on import of all software (In the case of Microsoft)

Court : Delhi ITAT Citation: Delhi Income Tax Appellate Tribunal (ITAT) in the case of Microsoft Corporation (MS Corp) and its affiliates M/s Grace mac Corporation (G Corp) and M/s Microsoft Regional Sales Corporation (MRSC) (Taxpayers) Brief  : TAX is payable on import of all software , even if the sale does not involve exercise of copyright, according to a Delhi tax tribunal order in a case relating to Microsoft . While the order, passed on October 28, is significant in terms of the liability to withhold tax from payments made while importing software, the Delhi Income Tax Appellate Order (...