Subscription revenue from Chemical Extract Service & Publication division not qualify as Royalty

American Chemical Society Vs  DCIT (ITAT Mumbai) The brief facts of the case pertaining to the issue, as emanating from the record, are: The assessee is a Corporation based in USA, established to promote and support development of knowledge in the field of chemistry and is organised into various divisions including Chemical Abstracts Service and Publications division. For the year under consideration, the assessee filed its return of income on 14/09/2018, declaring total income of Rs. Nil. During the year, the assessee claimed that the aforesaid two divisions are engaged in the following acti...