2 July 2010,Friday Kapil Goel B.Com(H) FCA LLB Advocate Delhi ...

Bang ITAT in CGI Info..6.2 Based on the above observations, Hon'ble ITAT,Bangalore Bench, concluded that the agreement clearlyprovides that payments are to be made to reimburse thecost incurred by CGI Group of Canada for development ofits software, which may be utilized by the members of theGroup worldwide and that such services are known asintranet services. CGI Group is the absolute owner of thefacility and also holds the Intellectual Property Rights andno license is transferred to the assessee in India. Reliancewas placed on the decision of the Hon'ble Tribunal, DelhiBench in the case of ACIT vs Modicon Network (P) Ltd.(14 SOT 204)…