https://www.taxtmi.com/caselaws?id=434342 The ITAT partly allowed the appeal, directing the AO to delete the addition of Rs 752,16,50,223 as royalty income, verify and grant correct TDS credit, and recalculate interest under Section 234B. The Tribunal found penalty proceedings under Section 271(1)(c) premature and emphasized adherence to prior judicial decisions, clarifying that live telecasts do not constitute royalty. en-us Tue, 21 Feb 2023 00:00:00 +0530 Mon, 10 Jun 2024 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434342 The ITAT partly allowed the appeal, directing the AO to delete the addition of Rs 752,16,50,223 as royalty income, verify and grant correct TDS credit, and recalculate interest under Section 234B. The Tribunal found penalty proceedings under Section 271(1)(c) premature and emphasized adherence to prior judicial decisions, clarifying that live telecasts do not constitute royalty. Case-Laws Income Tax Tue, 21 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434342