{"id":22532,"date":"2021-11-14T12:29:11","date_gmt":"2021-11-14T06:59:11","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-it-v-ibm-world-trade-corporation-2021-281-taxman-265-karn-hc\/"},"modified":"2021-11-14T12:29:11","modified_gmt":"2021-11-14T06:59:11","slug":"cit-it-v-ibm-world-trade-corporation-2021-281-taxman-265-karn-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-it-v-ibm-world-trade-corporation-2021-281-taxman-265-karn-hc\/","title":{"rendered":"CIT (IT) v. IBM World Trade Corporation (2021) 281 Taxman 265 (Karn.) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that the assessee is entitled to adopt rate of tax payable on royalty income in respect of both agreements entered into before 1-6-2005 and on or after 1-6-2005 as per provisions of section 115A(1)(b) or provisions of article 12 of Indo-US DTAA, which are \u00a0more beneficial . Followed\u00a0 CIT (IT) \u00a0v. IBM World Trade Corporation\u00a0 ( 2020) 120 taxmann.com 151 ( Karn) ( HC)\u00a0 (AY.\u00a0 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 115A : Foreign companies \u2013 Tax \u2013 Royalty \u2013Entitled to adopt rate of tax payable on royalty income in respect of both agreements entered into before 1-6-2005 as on or after 1-6-2005 as per provisions of section 115A(1)(b) or provisions of Article 12 of Indo-US DTAA, which were more beneficial- DTAA -India -USA  [ S.90 , Art , 12 ]  <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-22532","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-5Rq","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=22532"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22532\/revisions"}],"predecessor-version":[{"id":22533,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/22532\/revisions\/22533"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=22532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=22532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=22532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}