https://www.taxtmi.com/caselaws?id=759828 Delhi HC quashed reassessment proceedings under section 147 regarding taxability of live feed as royalty. The court found no justification for continuing reassessment action, citing precedent from Fox Network Group Singapore case. The AO's rejection of revenue bifurcation between live feed and recorded content in 95:5 ratio was deemed perverse given clear contractual stipulations. The petitioner's writ petition succeeded, and the section 148A(d) order was quashed. en-us Wed, 14 Aug 2024 00:00:00 +0530 Tue, 08 Oct 2024 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759828 Delhi HC quashed reassessment proceedings under section 147 regarding taxability of live feed as royalty. The court found no justification for continuing reassessment action, citing precedent from Fox Network Group Singapore case. The AO's rejection of revenue bifurcation between live feed and recorded content in 95:5 ratio was deemed perverse given clear contractual stipulations. The petitioner's writ petition succeeded, and the section 148A(d) order was quashed. Case-Laws Income Tax Wed, 14 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759828