https://www.taxtmi.com/caselaws?id=335231 The Tribunal partly allowed the appeal, ruling that the management service fees were not taxable as "royalty" under the India-Netherlands Treaty. Additionally, the reimbursement of salary was not considered Fees for Technical Services (FTS) and was not taxable. The Tribunal directed the Assessing Officer to apply relevant provisions for set-off of unabsorbed depreciation and business losses. Penalty proceedings were deemed premature and not adjudicated upon. en-us Fri, 07 Oct 2016 00:00:00 +0530 Mon, 28 Nov 2016 13:03:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335231 The Tribunal partly allowed the appeal, ruling that the management service fees were not taxable as "royalty" under the India-Netherlands Treaty. Additionally, the reimbursement of salary was not considered Fees for Technical Services (FTS) and was not taxable. The Tribunal directed the Assessing Officer to apply relevant provisions for set-off of unabsorbed depreciation and business losses. Penalty proceedings were deemed premature and not adjudicated upon. Case-Laws Income Tax Fri, 07 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335231