ITAT Mumbai Holds Film Telecast Licensing Income Taxable as Royalty under India–Mauritius DTAA
The Income Tax Appellate Tribunal, Mumbai, in Asia Today Ltd., Mumbai v. Asst. Director of Income Tax – 2(2), Mumbai (ITA No. 1403/M/2008), considered the taxability of income earned by Asia Today Limited, a Mauritius-based broadcasting entity, for the assessment year 2004–05. The assessee was engaged in acquiring, producing, and licensing Hindi feature films for […]
