Receipts from Software Sale to Indian Entities Not Taxable under India-Singapore DTAA: ITAT Delhi

Finastra International Financial Systems PTE Ltd. Vs ACIT (International Taxation) (ITAT Delhi) Introduction: The case of Finastra International Financial Systems PTE Ltd. Vs ACIT (International Taxation) before the Income Tax Appellate Tribunal (ITAT) Delhi dealt with the taxation of receipts from the sale of software to Indian entities under the India-Singapore Double Taxation Avoidance Agreement (DTAA). The tribunal examined the contractual terms and concluded on the taxability of such receipts. Detailed Analysis: 1. Background: Finastra International Financial Systems PTE Ltd., a Singapore...