https://www.taxtmi.com/caselaws?id=256454 The tribunal ruled that income from capacity sales under the Capacity Sales Agreement is classified as business income, not subject to taxation in India due to the lack of business connection in the country. Standby maintenance revenues were deemed non-taxable as fees for technical services, as they were considered reimbursement for fixed costs. The assessee was found not liable to pay interest under section 234B of the Income Tax Act. Subsequent assessment years were decided in alignment with the conclusions reached for the assessment year 1998-99. en-us Fri, 06 Feb 2015 00:00:00 +0530 Fri, 15 May 2015 11:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256454 The tribunal ruled that income from capacity sales under the Capacity Sales Agreement is classified as business income, not subject to taxation in India due to the lack of business connection in the country. Standby maintenance revenues were deemed non-taxable as fees for technical services, as they were considered reimbursement for fixed costs. The assessee was found not liable to pay interest under section 234B of the Income Tax Act. Subsequent assessment years were decided in alignment with the conclusions reached for the assessment year 1998-99. Case-Laws Income Tax Fri, 06 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256454