Sale, Distribution, or Exhibition of Cinematographic Films is not Royalty: ITAT Mumbai

Dy. CIT (TDS)-2(3) Vs Yash Raj Films Pvt. Ltd. (ITAT Mumbai) ITAT Mumbai held that consideration for sale distribution or exhibition of cinematographic films would not fall under the domain of “Royalty” and accordingly TDS not deductible on the same. Facts- The assessee is engaged in the business of production & distribution of features films, selling of Audio & Video Cassettes, compact disc and digital discs of movies. Notably, an agreement is executed between the assessee and Salman Khan Ventures Pvt. Ltd. (SKVPL) according to which Yash Raj Films Pvt. Ltd. has taken distribution...