https://www.taxtmi.com/caselaws?id=122243 The Tribunal upheld the CIT (Appeals)'s findings that the lease was a bareboat lease. The income received as royalty was not taxable under the DTAA. The assessee did not have a PE in India. The levy of interest under section 234B was consequential and thus dismissed. The appeals by the revenue were dismissed, and the cross-objection by the assessee was also dismissed. en-us Fri, 14 May 2010 00:00:00 +0530 Thu, 09 Aug 2012 16:35:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122243 The Tribunal upheld the CIT (Appeals)'s findings that the lease was a bareboat lease. The income received as royalty was not taxable under the DTAA. The assessee did not have a PE in India. The levy of interest under section 234B was consequential and thus dismissed. The appeals by the revenue were dismissed, and the cross-objection by the assessee was also dismissed. Case-Laws Income Tax Fri, 14 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122243