Cross-border payments for sale of software not taxable as 'Royalty': Supreme Court

A Bench of Justices Rohinton Nariman, Hemant Gupta and BR Gavai allowed the appeals filed by assesses in this regard while dismissing the appeals of the Income Tax Department (IT department).
Cross-border payments for sale of software not taxable as 'Royalty': Supreme Court

The Supreme Court on Tuesday ruled that payments received by non-residents as consideration for sale of license of computer software to Indian companies/ entities is not taxable as 'Royalty.

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