https://www.taxtmi.com/caselaws?id=259709 The Tribunal upheld the CIT(A)'s decision that the income of a non-resident company should be taxed under Section 44BB rather than Section 44DA of the Income Tax Act, 1961. It also ruled that interest under Section 234B could not be levied on the assessee. The issue of including unpaid invoices in gross revenues for computing presumptive income under Section 44BB was remanded back to the Assessing Officer for further examination. The appeal by the Assessing Officer was dismissed. en-us Mon, 20 Apr 2015 00:00:00 +0530 Sat, 26 Sep 2015 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259709 The Tribunal upheld the CIT(A)'s decision that the income of a non-resident company should be taxed under Section 44BB rather than Section 44DA of the Income Tax Act, 1961. It also ruled that interest under Section 234B could not be levied on the assessee. The issue of including unpaid invoices in gross revenues for computing presumptive income under Section 44BB was remanded back to the Assessing Officer for further examination. The appeal by the Assessing Officer was dismissed. Case-Laws Income Tax Mon, 20 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259709