Annual Technology Licence Fee is Revenue in Nature: ITAT [Read Order]

Annual Technology Licence Fee - Revenue - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has recently, in an appeal filed before it, held that annual technology licence fee is revenue in nature. The aforesaid observation was made by the Tribunal when an appeal was filed before it by the Revenue, as against the order of the CIT(A)-9, New Delhi, dated 19.03…

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