Copyright License Fee / Royalty Distributed Amongst Members, not Taxable at the Hands of Company: ITAT [Read Order]

Copyright License Fee - Royalty - Members - Company - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench, has recently, in an appeal filed before it, held that copyright license fee/ royalty distributed amongst the members of a company are not taxable at the hands of the company. The aforesaid observation was made by the Tribunal when an appeal was preferred before it by the…

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