Unlawful outward remittances via Hawala using proforma invoices and electronic records proved; documents admitted, directors penalised, penalties redu...
Attachment of equivalent-value properties as proceeds of crime upheld; preventive attachment order and confirmation sustained; no independent ED reinv...
Consideration received for granting non-exclusive broadcasting rights in feature films was examined to determine whether it constituted "royalty" under Explanation 2 to section 9(1)(vi) and Article 12(3) of the applicable treaty. The rights granted were limited to broadcast, with no transfer of copyright or ancillary rights such as editing, modification, deletion, addition, or sublicensing, and the licensor did not part with any copyright interest. On these terms, the payment was held not to be for the use of any copyright and therefore did not fall within the definition of "royalty", resulting in deletion of the addition and allowance of the appeal. - ITAT
Consideration received for granting non-exclusive broadcasting rights in feature films was examined to determine whether it constituted "royalty" under Explanation 2 to section 9(1)(vi) and Article 12(3) of the applicable treaty. The rights granted were limited to broadcast, with no transfer of copyright or ancillary rights such as editing, modification, deletion, addition, or sublicensing, and the licensor did not part with any copyright interest. On these terms, the payment was held not to be for the use of any copyright and therefore did not fall within the definition of "royalty", resulting in deletion of the addition and allowance of the appeal. - ITAT
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