https://www.taxtmi.com/caselaws?id=278363 The High Court of Bombay dismissed the appeal challenging the Tribunal's decision that the consideration paid for acquiring the right to distribute TV channels to a non-resident company is business income, not royalty. The Court upheld the previous decision favoring the non-resident company, concluding that the payment was not royalty. Therefore, the payment was not treated as royalty for withholding tax purposes, resulting in the appeal being dismissed with no costs awarded. en-us Mon, 15 Jun 2015 00:00:00 +0530 Tue, 29 Jan 2019 07:11:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278363 The High Court of Bombay dismissed the appeal challenging the Tribunal's decision that the consideration paid for acquiring the right to distribute TV channels to a non-resident company is business income, not royalty. The Court upheld the previous decision favoring the non-resident company, concluding that the payment was not royalty. Therefore, the payment was not treated as royalty for withholding tax purposes, resulting in the appeal being dismissed with no costs awarded. Case-Laws Income Tax Mon, 15 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278363