https://www.taxtmi.com/caselaws?id=203496 The Authority ruled in favor of the foreign company applicant in a tax dispute with the Revenue regarding the taxability of consideration received for executing a contract related to a power project. The Authority applied section 44BBB of the Income Tax Act, considering the independent nature of the contracts and separate payments. It clarified that if the applicant maintained control and coordination over labor supply, they would qualify for presumptive taxation under section 44BBB, emphasizing the importance of assessing the factual matrix and nature of contracts for accurate tax liability determination. The judgment favored the applicant, confirming the taxability of the consideration received under section 44BBB for the specific project. en-us Tue, 22 Feb 2011 00:00:00 +0530 Wed, 12 Oct 2016 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203496 The Authority ruled in favor of the foreign company applicant in a tax dispute with the Revenue regarding the taxability of consideration received for executing a contract related to a power project. The Authority applied section 44BBB of the Income Tax Act, considering the independent nature of the contracts and separate payments. It clarified that if the applicant maintained control and coordination over labor supply, they would qualify for presumptive taxation under section 44BBB, emphasizing the importance of assessing the factual matrix and nature of contracts for accurate tax liability determination. The judgment favored the applicant, confirming the taxability of the consideration received under section 44BBB for the specific project. Case-Laws Income Tax Tue, 22 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203496