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    <title>2012 (5) TMI 58 - ITAT BANGALORE</title>
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    <description>The Tribunal allowed the appeal of the foreign company, permitting the computation of tax at different rates for various income sources. It held that the company was not liable for interest under section 234B. The Tribunal rejected the CIT(A)&#039;s decision to apply a blanket tax rate, emphasizing that the Act and Treaty provisions should be compared separately for each income source. The stay petition filed by the company was dismissed as unnecessary.</description>
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    <pubDate>Fri, 13 Apr 2012 00:00:00 +0530</pubDate>
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      <description>The Tribunal allowed the appeal of the foreign company, permitting the computation of tax at different rates for various income sources. It held that the company was not liable for interest under section 234B. The Tribunal rejected the CIT(A)&#039;s decision to apply a blanket tax rate, emphasizing that the Act and Treaty provisions should be compared separately for each income source. The stay petition filed by the company was dismissed as unnecessary.</description>
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