What is Royalty Income under the Income Tax Act?

THE INCOME TAX APPELLATE TRIBUNAL, DELHI ‘D’ BENCH,
NEW DELHI [THROUGH VIDEO CONFERENCE]

BEFORE SHRI N.K. BILLAIYA, ACCOUNTANT MEMBER, AND
 SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER
 ITA No. 630/DEL/2017 [Assessment Year: 2013-14]
 ITA No. 5814/DEL/2017 [Assessment Year: 2014-15]

GE Intelligent Platforms Asia 
 Pacific Pte Ltd, 6th Floor, 
7A, Standard Chartered Building 
DLF Cyber City, Phase – III
Gurgaon, Haryana
PAN: AAECG 6481 G
 [Appellant]

Vs. 

The A.C.I.T
Circle – 1(3)1,
New Delhi
 [Respondent]

 Date of Hearing : 01.07.2021
 Date of Pronouncement : 01.07.2021

 Assessee by : Shri Sachit Jolly, Adv
 Revenue by : Dr. Prabha Kant, CIT-DR

ORDER

PER N.K. BILLAIYA, ACCOUNTANT MEMBER,

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.

2. Since the underlying facts in the issues are identical in both the appeals, they were heard together and are disposed of by this common order for the sake of convenience and brevity.

3. For the sake of our convenience, we are adjudicating on the facts of ITA No. 630/DEL/2017 on the agreement that the underlying facts in ITA NO. 5814/DEL/2017 are mutatis mutandis same.

4. Grievances raised by the assessee in ITA No. 630/DEL/2017 read as under:

“1. That the assessing officer (“AO”) and Dispute Resolution Panel (“DRP”) erred on facts and in law in computing the income of the Appellant for the relevant assessment year at Rs. 18,15,86,344/- as against ‘NIL’ income returned by the Appellant. 

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