https://www.taxtmi.com/caselaws?id=206614 The Authority held that the $70 million compensation paid by Satyam to the applicant is a capital receipt, with a portion attributable to royalty being taxable. The Assessing Officer is to determine the taxable portion. Additionally, the interest earned on the escrow account is deemed taxable in India. The ruling was issued on 12th October 2011. en-us Wed, 12 Oct 2011 00:00:00 +0530 Mon, 26 Mar 2012 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206614 The Authority held that the $70 million compensation paid by Satyam to the applicant is a capital receipt, with a portion attributable to royalty being taxable. The Assessing Officer is to determine the taxable portion. Additionally, the interest earned on the escrow account is deemed taxable in India. The ruling was issued on 12th October 2011. Case-Laws Income Tax Wed, 12 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206614