Relief to ONGC: No TDS liability in absence of use of Patent/Copyright against Royalty paid, rules ITAT [Read Order]

By Taxscan Team - On August 18, 2022 2:56 pm - 2 mins read
ONGC - TDS liability - patent - copyright - royalty paid - ITAT - taxscan

In a significant ruling in the case of ONGC, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has ruled that TDS liability does not arise in the absence of use of patent or copyright against royalty paid. The assessee, Oil and Natural Gas Corporation Limited is a Central Public Sector Undertaking which agreed…

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