Revenue derived from distribution of products can’t be taxed as ‘Royalty’ through Business Income as it is already offered under MAP: ITAT

The Income Tax Appellate Tribunal (ITAT), New Delhi held that the revenue derived from the distribution of products cannot be taxed as ‘royalty’ as business income as it is already offered under Mutual Agreement Procedure (MAP). The Appellant, Turner Broadcasting System Asia Pacific Inc. is a company incorporated under the laws of the USA and […]

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