https://www.taxtmi.com/caselaws?id=66093 The Tribunal allowed the department's appeals and dismissed the assessee's appeals. It held that the fees received by GFA and ETC were taxable as "fees for technical services." The 10% down payment was considered an advance payment for future services and not taxable in the year of receipt. The CIT was deemed justified in invoking sec. 263 and including the entire consideration in the assessment for the years when services were rendered. en-us Mon, 21 Aug 1995 00:00:00 +0530 Mon, 21 Feb 2011 14:28:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66093 The Tribunal allowed the department's appeals and dismissed the assessee's appeals. It held that the fees received by GFA and ETC were taxable as "fees for technical services." The 10% down payment was considered an advance payment for future services and not taxable in the year of receipt. The CIT was deemed justified in invoking sec. 263 and including the entire consideration in the assessment for the years when services were rendered. Case-Laws Income Tax Mon, 21 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66093