TMI BlogGrant of satellite rights - the transfer in favour of the assessee is a sale and therefore, excluded...Grant of satellite rights - the transfer in favour of the assessee is a sale and therefore, excluded from the definition of royalty under sec.9(1) explanation II (5) of the Act – thus, the Tribunal has erred in concluding that the payments made by the appellant are Royalty and not sale - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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