2023 (6) TMI 1442 - HC - Income Tax

Income deemed to accrue or arise in India - Taxability of receipts towards sale of software products - income from sale of shrink-wrapped software is taxable in India, being in the nature of royalty under the provisions of section 9(1)(vi) as well as Article 12(3) of the DTAA between India and USA - HELD THAT - The issue in this appeal is squarely covered by the judgment in Engineering Analysis Centre of Excellence Private Limited 2021 (3) TMI 138 - SUPREME COURT . Nagraj submits that there is a review petition pending in the Supreme Court and therefore, Court may dispose the appeal with liberty to appellant to approach this Court to either revive the appeal or file a fresh appeal in case the review petition is allowed in favour of Revenue.

Summary

The Bombay High Court, in the case of K.R. Shriram And Firdosh P. Pooniwalla, JJ., disposed of the appeal with liberty for the appellant to approach the Court again depending on the outcome of a pending review petition in the Supreme Court. Ms. Sushma Nagaraj represented the appellant, while Mr. Paras Savla represented the respondents.