Consideration for Sale of Software can’t be treated as Royalty: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Bangalore Bench ruled that consideration for the sale of software cannot be treated like royalty. The assessee, M/s. World Courier (India) Pvt. Ltd. is a company. It is a wholly-owned subsidiary of World Courier (Group) Inc, USA. The assessee provides specialized courier services and supply chain services to domestic […]
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