What is Royalty Income under the Income Tax Act?

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Last updated: 13 July 2021
Quick Summary
This tribunal ruling addresses how royalty income is treated under the Income Tax Act. The case involves an assessee who declared 'NIL' income, while the Assessing Officer calculated it to be over 18 crore rupees. The appeals were heard together due to identical underlying facts, focusing on the assessment years 2013-14 and 2014-15.

Court :
ITAT Delhi

Brief :
These two appeals by the assessee are preferred against the two separate orders of the Assessing Officer dated 14.12.2016 and 25.05.2017 framed u/s 143(3) r.w.s 144C(13) of the Income tax Act,  1961 [hereinafter referred to as 'The Act' for short] for Assessment Years 2013-14 and 2014-15 respectively.

Citation :
ITA No. 5814/DEL/2017

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1 Year PLAN
1999
(Excl. of GST ₹359)

2 Years PLAN
3499
(Excl. of GST ₹629)

BEST VALUE
3 Years PLAN
4999
(Excl. of GST ₹899)

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