https://www.taxtmi.com/caselaws?id=70033 The Tribunal determined that Appendix-A dated November 12, 1981, was a new agreement distinct from the old agreement dated January 29, 1976, due to its coverage of equipment for 500 MW power plants. Regarding tax implications, lump sum consideration and special engineering services payments under Appendix-A were classified as royalty under section 9(1)(vi) of the Income Tax Act. The applicable tax rates were set at 20% for lump sum amounts and 40% for special engineering services for certain assessment years. The Tribunal upheld the decision that Appendix-A constituted a new agreement and affirmed the tax rates claimed by the assessee. en-us Wed, 30 Jun 1993 00:00:00 +0530 Wed, 13 Apr 2011 15:53:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70033 The Tribunal determined that Appendix-A dated November 12, 1981, was a new agreement distinct from the old agreement dated January 29, 1976, due to its coverage of equipment for 500 MW power plants. Regarding tax implications, lump sum consideration and special engineering services payments under Appendix-A were classified as royalty under section 9(1)(vi) of the Income Tax Act. The applicable tax rates were set at 20% for lump sum amounts and 40% for special engineering services for certain assessment years. The Tribunal upheld the decision that Appendix-A constituted a new agreement and affirmed the tax rates claimed by the assessee. Case-Laws Income Tax Wed, 30 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70033