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Array Networks India Pvt Ltd, a leading name in application delivery and security products in India, achieved a milestone as it recorded a promising 5x growth in the last fiscal year. Array Networks India Pvt Ltd.'s operations in India have been creating significant tides nationwide and are marked as one of the top contributors to the company’s overall global growth. The company’s peak growth period recorded in the year is a result of providing the best value in application access and delivery to multiple top-tier customers throughout India. Trust from BFSI and the Government has also played a crucial role
Monday, March 8, 2021
SC” or “
Court”) while ruling in favour of the taxpayers has put to rest the controversy on characterization of payments made by Indian residents for use / resale of computer software (“
Judgement”).
1 The SC held that the amounts paid by resident Indian end-users / distributors to non-resident computer software manufacturers / suppliers, as consideration for the resale / use of the computer software through End-user Licensing Agreements (“
EULAs”) / distribution agreements, is not the payment of royalty for the use of copyright in the computer software, and that the same does not give rise to any income taxable in India. Accordingly, the SC concluded that the person referred to in section 195 of the Income-tax Act, 1961 (“