https://www.taxtmi.com/caselaws?id=336491 The Tribunal ruled in favor of the assessee, holding that the borrowed/loan services charges are not taxable as Fees for Technical Services (FTS) or Fees for Included Services (FIS) under the Indo-US and Indo-Singapore DTAA. The Tribunal emphasized the binding nature of the Mutual Agreement Procedure (MAP) order from previous assessment years and directed the Assessing Officer to grant relief accordingly. All ten appeals filed by the assessee were allowed. en-us Fri, 21 Oct 2016 00:00:00 +0530 Thu, 22 Dec 2016 14:45:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336491 The Tribunal ruled in favor of the assessee, holding that the borrowed/loan services charges are not taxable as Fees for Technical Services (FTS) or Fees for Included Services (FIS) under the Indo-US and Indo-Singapore DTAA. The Tribunal emphasized the binding nature of the Mutual Agreement Procedure (MAP) order from previous assessment years and directed the Assessing Officer to grant relief accordingly. All ten appeals filed by the assessee were allowed. Case-Laws Income Tax Fri, 21 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336491