https://www.taxtmi.com/caselaws?id=77025 The ruling addressed the taxability of sums paid under global usage bareboat charter agreements, the applicability of Section 44BB of the Income Tax Act, the classification of sums paid as 'Royalty' under Section 9(1)(vi) of the Act, and the applicability of Double Taxation Avoidance Agreement provisions. It was determined that hire charges for vessels delivered in India were taxable in India, seismic survey vessels hired fell within the scope of Section 44BB, sums paid could not be classified as 'Royalty', and examination of DTAA provisions was unnecessary. The ruling was issued on 23rd July 2010, with agreement among all members. en-us Fri, 23 Jul 2010 00:00:00 +0530 Mon, 31 Dec 2012 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77025 The ruling addressed the taxability of sums paid under global usage bareboat charter agreements, the applicability of Section 44BB of the Income Tax Act, the classification of sums paid as 'Royalty' under Section 9(1)(vi) of the Act, and the applicability of Double Taxation Avoidance Agreement provisions. It was determined that hire charges for vessels delivered in India were taxable in India, seismic survey vessels hired fell within the scope of Section 44BB, sums paid could not be classified as 'Royalty', and examination of DTAA provisions was unnecessary. The ruling was issued on 23rd July 2010, with agreement among all members. Case-Laws Income Tax Fri, 23 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77025