Income deemed to accrue or arise in India - Royalty Income - AO ...

CIT (Appeals) Limits Royalty Income Addition to Unpaid Invoices; AO's Notional Basis Rejected Based on Form 26AS.

August 3, 2023

Case Laws Income Tax AT

Income deemed to accrue or arise in India - Royalty Income - AO had treated an amount as royalty income of the assessee during the year purely based on the amount shown in Form 26AS, however, CIT (Appeals) has restricted the addition purely based on the four invoices raised by the assessee. When the admitted factual position is that the assessee has not even received any amount against those four invoices, in our view, the royalty income cannot be added on notional basis. - AT

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Income deemed to accrue or arise in India - Royalty Income - AO ...

CIT (Appeals) Limits Royalty Income Addition to Unpaid Invoices; AO's Notional Basis Rejected Based on Form 26AS.

August 3, 2023

Case Laws Income Tax AT

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