Dismissing the appeal of the assesssee the Court held that payment made to foreign companies for import of software is royalty read with clause (iv) of explanation 2 to section 9(1) (vi) of the Act. ( AY. 2007 -08)
Infineon Technologies India ( P) Ltd v .Dy CIT (2019) 112 taxmann.com 401 ( Karn) (HC) Editorial : SLP is granted Infineon Technologies India ( P) Ltd v .Dy CIT ( 2020) 269 Taxman 52 / 113 taxmmann.com 167 (SC)
S. 9(1)(vi) : Income deemed to accrue or arise in India – Royalty – Import of software -Held to be royalty .