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Royalties and fee for technical services

Time Charter Hire Charges : Where assessee, engaged in business of dredging, reclamation and other maritime activities, had hired dredging from foreign companies on time charter basis, payments made by assessee would qualify as royalty for use of equipments under section 9(1)(vi) and, therefore, assessee was under an obligation to deduct tax at source as royalty payments at time of making payments to non-resident payee – Jaisu Shipping Co. (P.) Ltd. v. Additional Director of Income-tax (IT) – [2024] 160 128 (Rajkot – Trib.)



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