https://www.taxtmi.com/caselaws?id=269155 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s order, confirming that income from well testing services was taxable under Section 44BB and not as Fees for Technical Services under Section 9(1)(vii). The Tribunal relied on previous decisions and legislative intent, rejecting the Revenue's arguments regarding the application of Section 44BB and the provisos to Sections 44BB and 44DA. The Tribunal also affirmed the non-chargeability of interest under Section 234B, in line with the High Court decision. The cross objections by the assessee were dismissed. en-us Fri, 27 Nov 2015 00:00:00 +0530 Tue, 08 Dec 2015 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269155 The Tribunal dismissed the Revenue's appeal and upheld the CIT(A)'s order, confirming that income from well testing services was taxable under Section 44BB and not as Fees for Technical Services under Section 9(1)(vii). The Tribunal relied on previous decisions and legislative intent, rejecting the Revenue's arguments regarding the application of Section 44BB and the provisos to Sections 44BB and 44DA. The Tribunal also affirmed the non-chargeability of interest under Section 234B, in line with the High Court decision. The cross objections by the assessee were dismissed. Case-Laws Income Tax Fri, 27 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269155