godaddy: Delhi HC relief for Godaddy in royalty case
In a major relief to Godaddy.com, the Delhi High Court has held that the fee received by the US firm for registration of domain names of third parties, which included its customers, cannot be treated as royalty under Income Tax Act, 1961.The case emanates from a 2016 assessment order by which assessing officer (AO) had made an addition in the income received by Godaddy.com from domain name registration services by construing the same as royalty under Section 9(1)(vi) of the 1961 Act. Elevate Your Tech Prowess with…