Licence Fees Received Towards Live Transmissions of Cricket Matches Held in Australia Not Taxable in India: ITAT [Read Order]

The Tribunal found that the AO and DRP failed to thoroughly review the agreements, wrongly concluding that BAL, as the sponsor, had exclusive rights to the assessee's logo and intellectual property.
By Yogitha S. Yogesh - On July 7, 2024 2:47 pm - 3 mins read
Licence - licence fees - live transmission - live transmission of cricket matches – cricket - cricket match – itat - income tax appellate tribunal - income tax - income tax news - tax news - cricket news - TAXSCAN

The Delhi Bench of Income Tax Appellate Tribunal ( ITAT ) has held that the licence fees received by the assessee towards live transmissions of cricket matches held in Australia are not taxable in India as royalty. Cricket Australia, the appellant Assessee’s return of income was taken up for scrutiny for examination of receipt of…

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