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![Payment made for Channel Placement is not Royalty: Bombay HC deletes Sec 40(a)(i) Disallowance [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2018/03/Channel-Placement-Bombay-High-Court-Taxscan.jpg "Payment made for Channel Placement is not Royalty: Bombay HC deletes Sec 40(a)(i) Disallowance [Read Judgment]")
Payment made for Channel Placement is not Royalty: Bombay HC deletes Sec 40(a)(i) Disallowance [Read Judgment]
The Bombay High Court in The Commissioner of Income Tax 11 v. NGC Networks (India) Pvt. Ltd ruled that disallowance under Section 40(a)(i) of the...