PMLA anticipatory bail requires satisfaction of twin conditions, while predicate-offence protection does not extend to independent money-laundering pr...
School-affiliation charges remain taxable where not directly connected with examinations, while extended limitation requires proof of deliberate tax e...
Taxability of income in India - receipts from services rendered to Indian entities - Fee for Technical Services (FTS) - Despite the assessee's contention that the services were routine and standard, the Tribunal found them to be managerial, technical, or consultancy services falling under the definition of FTS as per the India-Sweden DTAA. - The Tribunal rejected the argument of the rule of consistency, emphasizing that each assessment year is independent, and the Assessing Officer has the prerogative to re-examine the nature of income. It concluded that the receipts were indeed FTS as defined under the treaty, hence taxable.
Taxability of income in India - receipts from services rendered to Indian entities - Fee for Technical Services (FTS) - Despite the assessee's contention that the services were routine and standard, the Tribunal found them to be managerial, technical, or consultancy services falling under the definition of FTS as per the India-Sweden DTAA. - The Tribunal rejected the argument of the rule of consistency, emphasizing that each assessment year is independent, and the Assessing Officer has the prerogative to re-examine the nature of income. It concluded that the receipts were indeed FTS as defined under the treaty, hence taxable.
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