https://www.taxtmi.com/caselaws?id=239244 Carried forward loss and depreciation adjustments made without disturbing settled earlier assessments were treated as requiring fresh examination, so the matter was remitted for de novo consideration. Income represented by amounts subjected to TDS in the relevant year was held taxable in that year because the services were rendered then, even if billing and receipt were later. The tax rate on technical service receipts under the agreement also required verification from the record and was sent back for fresh scrutiny. Service tax collected on invoices was excluded from taxable receipts as a statutory levy, but interest on FDRs was treated as attributable to the Indian permanent establishment and taxed accordingly. en-us Wed, 28 Aug 2013 00:00:00 +0530 Sat, 09 Nov 2013 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239244 Carried forward loss and depreciation adjustments made without disturbing settled earlier assessments were treated as requiring fresh examination, so the matter was remitted for de novo consideration. Income represented by amounts subjected to TDS in the relevant year was held taxable in that year because the services were rendered then, even if billing and receipt were later. The tax rate on technical service receipts under the agreement also required verification from the record and was sent back for fresh scrutiny. Service tax collected on invoices was excluded from taxable receipts as a statutory levy, but interest on FDRs was treated as attributable to the Indian permanent establishment and taxed accordingly. Case-Laws Income Tax Wed, 28 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239244