Consideration for live telecast of an event is not royalty as no copyright in live events

ITAT MUMBAI BENCH ‘L’ Deputy Director of Income-tax, (International Taxation) versus Nimbus Communications Ltd. IT Appeal Nos. 1598 & 2270 (Mum.) of 2011 [ASSESSMENT YEAR 2009-10] NOVEMBER 23, 2012 ORDER P.M. Jagtap, Accountant Member These two appeals, one filed by the assessee being ITA No. 1598/Mum/2011 and the other filed by the Revenue being ITA No. 2270/Mum/2011 are cross appeals which are directed against the order of learned CIT(Appeals)-11, Mumbai dated 04-01-2011. 2. The assessee in the present case is a company which is engaged in the business of sp...