https://www.taxtmi.com/caselaws?id=64610 A state-owned airline was held not to enjoy sovereign immunity from income-tax in India because no specific provision in the Act, treaty, or other law displaced the charge; the Tribunal treated its corporate form as a taxable "person" and rejected the earlier immunity view. The income-computation issue under section 44BBA, including exclusion of agent commission and refundable amounts, was not finally examined and was remanded for fresh adjudication. The levy of interest under section 234B was also sent back for reconsideration and a speaking order in light of Supreme Court precedent. en-us Wed, 31 Aug 2005 00:00:00 +0530 Tue, 22 Feb 2011 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64610 A state-owned airline was held not to enjoy sovereign immunity from income-tax in India because no specific provision in the Act, treaty, or other law displaced the charge; the Tribunal treated its corporate form as a taxable "person" and rejected the earlier immunity view. The income-computation issue under section 44BBA, including exclusion of agent commission and refundable amounts, was not finally examined and was remanded for fresh adjudication. The levy of interest under section 234B was also sent back for reconsideration and a speaking order in light of Supreme Court precedent. Case-Laws Income Tax Wed, 31 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64610