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2015 (6) TMI 1174 - HC - Income TaxIncome accrued in India - Characterization of income - consideration paid by assessee to the non resident company for acquiring right to distribute TV channels - Royalty OR business income - income subject to withholding tax - Held that:- As decided in assessee's own case when the payment received by the recipient Company is not royalty, the same would also not be royalty in the hands of payee. Thus, no substantial questions of law arises for our consideration. See SET SATELLITE (SINGAPORE) PTE LTD. VERSUS DEPUTY DIRECTOR OF INCOME-TAX, INTERNATIONAL TAXATION AND ANOTHER [2008 (8) TMI 96 - BOMBAY HIGH COURT]
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