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![Sponsorship amount paid by IOCL to Global Cricket Corporation is not Royalty: ITAT [Read Order] Sponsorship amount paid by IOCL to Global Cricket Corporation is not Royalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/12/Sponsorship-IOCL-indian-oil-corporation-Global-Cricket-Corporation-Royalty-ITAT-TAXSCAN.jpg)
Sponsorship amount paid by IOCL to Global Cricket Corporation is not Royalty: ITAT [Read Order]
The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) observed that the sponsorship amount paid by M/s. Indian Oil Corporation Ltd (IOCL) to...