https://www.taxtmi.com/caselaws?id=207521 The Tribunal held that Section 44BBB could not be applied to the non-resident foreign company (assessee) for the assessment year 1994-1995 as the payments were made before the section's effective date and the contract was completed prior to the introduction of the section. The assessing officer's decision to levy 10% on the consolidated amount received earlier was deemed unjustified. The Tribunal upheld the CIT (Appeals) decision, dismissing the revenue's appeal and confirming that Section 44BBB was not applicable in this case. en-us Fri, 15 Jan 2010 00:00:00 +0530 Tue, 09 Jul 2013 17:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207521 The Tribunal held that Section 44BBB could not be applied to the non-resident foreign company (assessee) for the assessment year 1994-1995 as the payments were made before the section's effective date and the contract was completed prior to the introduction of the section. The assessing officer's decision to levy 10% on the consolidated amount received earlier was deemed unjustified. The Tribunal upheld the CIT (Appeals) decision, dismissing the revenue's appeal and confirming that Section 44BBB was not applicable in this case. Case-Laws Income Tax Fri, 15 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207521