https://www.taxtmi.com/caselaws?id=181269 The Supreme Court ruled in favor of the assessee, a broadcasting company, in a tax case involving the disallowance under section 40(a)(i) for non-deduction of tax at source on payments for transponder usage. The court clarified that payments for transponder usage do not constitute 'Royalty' and are not taxable in India, hence the assessee was not required to deduct tax at source. Additionally, consultancy fees paid for a feasibility study were deemed revenue expenditure, not capital, as it did not create new assets or provide enduring benefits. Consequently, the appeal of the assessee was allowed. en-us Thu, 05 Jan 2012 00:00:00 +0530 Tue, 12 Apr 2016 11:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181269 The Supreme Court ruled in favor of the assessee, a broadcasting company, in a tax case involving the disallowance under section 40(a)(i) for non-deduction of tax at source on payments for transponder usage. The court clarified that payments for transponder usage do not constitute 'Royalty' and are not taxable in India, hence the assessee was not required to deduct tax at source. Additionally, consultancy fees paid for a feasibility study were deemed revenue expenditure, not capital, as it did not create new assets or provide enduring benefits. Consequently, the appeal of the assessee was allowed. Case-Laws Income Tax Thu, 05 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181269