Subscription Fee Received by American Chemical Society cannot be Treated as Royalty

American Chemical Society Vs DCIT (ITAT Mumbai)

ITAT find that the Co–ordinate Bench of the Tribunal in assessee’s own case in American Chemical Society v/s DCIT, ITA no.6811/ Mum./2017, for the assessment year 2014-15, vide order dated 30/04/2019, held that subscription revenue received by the assessee in Chemical Extract Service and Publication division does not qualify as ‘Royalty’ in terms of section 9(1)(vi) of the Act as well as Article–12(3) of the India–USA DTAA.

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