Receipts from Sale of licence software is not a royalty : ITAT Delhi

Symantec Asia Pacific Pte. Ltd. Vs DCIT (ITAT Delhi)

The Assessing Officer raised a query that the consideration amounting to Rs.242,52,89,282/- on sale of licence software should be treated as receipts received on account of sale of licence software as royalty.

The issue of software income is not a royalty income is settled by the Apex Court in case of Please become a Premium member. If you are already a Premium member, login here to access the full content.