https://www.taxtmi.com/caselaws?id=64060 The assessee's appeal grounds related to the validity of assessment were dismissed. The Tribunal found section 9(1)(i) not applicable due to no operations in India. Section 9(1)(vi) was deemed applicable as payments were treated as 'Royalty.' An additional ground under section 9(1)(vii) was not addressed. The Tribunal directed a fresh computation of income, emphasizing correct apportionment of receipts and expenses. Depreciation on Asiasat-II was limited to Indian income. Interest u/s 234A was upheld, while interest u/s 234B was to be determined based on final income computation. Appeals were disposed with directions for the Assessing Officer. en-us Fri, 01 Nov 2002 00:00:00 +0530 Tue, 06 Dec 2016 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64060 The assessee's appeal grounds related to the validity of assessment were dismissed. The Tribunal found section 9(1)(i) not applicable due to no operations in India. Section 9(1)(vi) was deemed applicable as payments were treated as 'Royalty.' An additional ground under section 9(1)(vii) was not addressed. The Tribunal directed a fresh computation of income, emphasizing correct apportionment of receipts and expenses. Depreciation on Asiasat-II was limited to Indian income. Interest u/s 234A was upheld, while interest u/s 234B was to be determined based on final income computation. Appeals were disposed with directions for the Assessing Officer. Case-Laws Income Tax Fri, 01 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64060