https://www.taxtmi.com/caselaws?id=262440 The Tribunal partly allowed the appeal by directing the Assessing Officer to apply a beneficial tax rate of 10% on Fee for Technical Services (FTS) under Section 115A(BB) instead of 15% as per the India-USA DTAA. The issue of non-granting of credit for tax deducted at source (TDS) was set aside for the appellant to provide evidence, with directions for the Assessing Officer to verify and allow credit accordingly. Additionally, the Tribunal ruled that tax recovery cannot be imposed on protective assessment of income from installation and inspection activities. en-us Fri, 26 Dec 2014 00:00:00 +0530 Tue, 11 Aug 2015 07:40:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262440 The Tribunal partly allowed the appeal by directing the Assessing Officer to apply a beneficial tax rate of 10% on Fee for Technical Services (FTS) under Section 115A(BB) instead of 15% as per the India-USA DTAA. The issue of non-granting of credit for tax deducted at source (TDS) was set aside for the appellant to provide evidence, with directions for the Assessing Officer to verify and allow credit accordingly. Additionally, the Tribunal ruled that tax recovery cannot be imposed on protective assessment of income from installation and inspection activities. Case-Laws Income Tax Fri, 26 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262440