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Granting non-exclusive broadcasting rights of feature films cannot be termed as ‘royalty’
Case Law Details
- Case Name
- Asia Today Limited Vs ADIT (International Taxation) (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2004-05
- Courts
- All ITAT, ITAT Mumbai
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Asia Today Limited Vs ADIT (International Taxation) (ITAT Mumbai)
ITAT Mumbai held that amount received for grant of non-exclusive broadcasting rights of feature films cannot be termed as “royalty” within the parameters of “royalty” as defined in Explanation-2 to section 9(1)(vi) of the Act. Accordingly, the appeal is allowed and order set aside.
Facts- The Assessee, being a foreign telecasting company incorporated in Mauritius and having tax residency certificate of Mauritius , during the AY under consideration was engaged in the production and acquiring rights of va...
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