TDS is not required to be deducted from royalty payment made for distribution and marketing of cinematographic films on DVD and VCD

ORDER Per : R K Panda: This appeal filed by the assessee is directed against the order dated 29th January, 2007 of the CIT(A)-XI, Mumbai relating to assessment year 2003- 04. 2. At the time of hearing the learned counsel for the assessee did not press grounds of appeal Nos. 2, 3 and 4 for which the learned DR has no objection. Accordingly these grounds are dismissed as not pressed. 3. Grounds of appeal No. 1 by the assessee reads as under: “The learned CIT(A) erred in upholding addition of Rs. 1,09,09,328/ – u/s. 40(a) of the Income-tax Act, 1961 on account of Royalty payment.̶...