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SC Rejects Petition seeking review of judgment in Engineering Analysis Centre
Case Law Details
- Case Name
- Commissioner of Income Tax Vs GE India Technology Centre Private Limited ETC. (Supreme Court of India)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- Supreme Court of India
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Commissioner of Income Tax Vs GE India Technology Centre Private Limited ETC. (Supreme Court of India)
The Supreme Court’s decision marks a pivotal moment in the taxation of cross-border software purchases in India. With the rejection of the review petitions, the tax liability of foreign software sellers without a permanent establishment in India is reduced from the previous 10%-15% royalty tax to a 2% equalisation levy introduced via the Finance Act 2020.
The court’s ruling builds upon its earlier judgment in Engineering Analysis Centre Of Excellence Private Limited vs. CIT (2021)...
