Friday, 21 March 2014

Sums paid for smart card operating software without any copyright won't be deemed as royalty

IT/ILT : Where assessee engaged in business of providing enterprise solutions based on smart cards, bar coding, biometrics etc., purchased a readymade card operating system software from a foreign company to be used for its business purpose only and without any right of utilizing copyright of said programe, payment made in respect of same did not give rise to any royalty income


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