Software Sale Not Royalty: Bangalore ITAT Follows Engineering Analysis, Rejects Revenue’s Plea Despite Review Petition

ACIT Vs Informatica LLC (ITAT Bangalore) Software Sale Not Royalty: Bangalore ITAT Follows Engineering Analysis, Rejects Revenue’s Plea Despite Review Petition The Bangalore ITAT dismissed the Revenue’s appeal and reaffirmed that consideration received by a US software company from sale of software products and ancillary support services to Indian customers cannot be taxed in India as royalty or fees for technical services (FTS). The assessee, a US-based software developer and distributor, had entered into agreements with Indian distributors, resellers and customers for supply of software ...