Friday 9 May 2014

Receipts of contract for supplying equipments alongwith software are business profits and not royalt

IT/ILT : Where assessee, a non resident company, was engaged in business of supplying telecommunications network equipment, in view of fact that there was only one contract for supply of equipment which included hardware and software both, entire income from supply of equipment was to be assessed as business income arising from assessee's business connection/PE in India


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