Payment from SET Satellite (Singapore) P. ltd are not Taxable as ‘royalty’ under Article 12(2) of India-Singapore Treaty: ITAT [Read Order]

India-Singapore Treaty - Payment from SET Satelli - royalty under Article 12 - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that the payments from the SET Satellite (Singapore) Pte Ltd are not taxable as royalty under Article 12(2) of the India-Singapore Treaty.  Global Cricket Corpn Pte Ltd, the respondent-assessee was a company incorporated in Singapore and had obtained Worldwide Media and sponsorship rights concerning…

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