Entire receipt of INR received from different entities not taxable as royalty: ITAT [Read Order]

Entire receipt of Indian rupee (INR) received from different entities not taxable as royalty, rules, ITAT
By Aiswarya Krishnadas - On February 22, 2024 10:00 am - 2 mins read
Income Tax - ITAT Delhi - ITAT - Indian rupee receipt - INR - Receipt of INR - Taxable royalty - taxscan

In a major ruling the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that entire receipt of Indian rupee ( INR ) received from different entities not taxable as royalty. The assessee company filed its return of income on 28.11.2015 declaring NIL income. The case was selected for complete scrutiny under…

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