https://www.taxtmi.com/caselaws?id=260881 The Tribunal determined that standby maintenance revenues are not taxable as Fees for Technical Services (FTS) but as business income. Income from restoration activities was classified as business income, with only a portion attributed to India. The assessee was not liable for interest under section 234B but was liable for interest under section 234D. The Tribunal directed the Assessing Officer to apportion the income from restoration activities based on the length of the cable in Indian territorial waters for the relevant assessment years. en-us Mon, 15 Jun 2015 00:00:00 +0530 Fri, 08 Jan 2016 16:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260881 The Tribunal determined that standby maintenance revenues are not taxable as Fees for Technical Services (FTS) but as business income. Income from restoration activities was classified as business income, with only a portion attributed to India. The assessee was not liable for interest under section 234B but was liable for interest under section 234D. The Tribunal directed the Assessing Officer to apportion the income from restoration activities based on the length of the cable in Indian territorial waters for the relevant assessment years. Case-Laws Income Tax Mon, 15 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260881