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Assessing Officer jurisdiction after statutory transfer invalidates reassessment notices issued by transferor officers and nullifies resulting proceed...
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Section 54 construction relief survives pre-transfer commencement when completion occurs within the statutory period, excluding ineligible spouse-owne...
The case involved the taxability of Fees for Technical Services (FTS) u/s India-Thailand DTAA. The Appellate Tribunal held that if revenue arises from "profits of an enterprise" u/r Article 7, Article 22 is inapplicable. The AO wrongly invoked Article 22 based on the web portal info, not the Memorandum of Association. FTS falls under business income unless proven otherwise. The existence of Permanent Establishment (PE) in India was wrongly assumed without proper examination. The services provided were technical, managerial, or consultancy, constituting FTS as part of business income, not falling u/s any DTAA article. The AO failed to establish why FTS is not part of business income, so Article 22 couldn't apply. Decision favored the assessee.
The case involved the taxability of Fees for Technical Services (FTS) u/s India-Thailand DTAA. The Appellate Tribunal held that if revenue arises from "profits of an enterprise" u/r Article 7, Article 22 is inapplicable. The AO wrongly invoked Article 22 based on the web portal info, not the Memorandum of Association. FTS falls under business income unless proven otherwise. The existence of Permanent Establishment (PE) in India was wrongly assumed without proper examination. The services provided were technical, managerial, or consultancy, constituting FTS as part of business income, not falling u/s any DTAA article. The AO failed to establish why FTS is not part of business income, so Article 22 couldn't apply. Decision favored the assessee.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4881 
