https://www.taxtmi.com/caselaws?id=189952 The Tribunal affirmed the CIT(A)'s decision that the total receipts from a composite contract should be taxed under Section 44BB, rejecting the classification of any portion as "Fees for Technical Services" (FTS). It was held that the contract should be viewed as indivisible, and the income assessed accordingly. Furthermore, the Tribunal ruled that no advance tax was due, and interest under Section 234B could not be levied as tax was deductible at source. The Revenue's appeals were dismissed, with the Tribunal applying consistent reasoning to similar cases. en-us Wed, 27 Nov 2013 00:00:00 +0530 Tue, 06 Feb 2018 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189952 The Tribunal affirmed the CIT(A)'s decision that the total receipts from a composite contract should be taxed under Section 44BB, rejecting the classification of any portion as "Fees for Technical Services" (FTS). It was held that the contract should be viewed as indivisible, and the income assessed accordingly. Furthermore, the Tribunal ruled that no advance tax was due, and interest under Section 234B could not be levied as tax was deductible at source. The Revenue's appeals were dismissed, with the Tribunal applying consistent reasoning to similar cases. Case-Laws Income Tax Wed, 27 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189952