Whether subscription made by garment manufacturer to online fashion website is royalty or not?

IN THE ITAT MUMBAI BENCH ‘L’ Assistant Director of Income-tax, (International Taxation) Versus Globus Stores (P.) Ltd. IT Appeal No. 4432 (Mum.) of 2005 [Assessment year 2005-06] NOVEMBER 9, 2012 ORDER Vijay Pal Rao, Judicial Member  This appeal by the revenue is directed against the order dated 1.3.2005 of the Commissioner of Income Tax(Appeals) arising from the order of ADIT(International Taxation) passed u/s 195 of the I T Act for the Assessment Year 2005-06. 2. The revenue has raised the only ground in this appeal as under: “In the facts and in the cir...