https://www.taxtmi.com/caselaws?id=338299 The Tribunal ruled in favor of the appellant regarding the application of section 44BB(1) to non-PSC contracts. The issue of including VAT and Service Tax in total receipts was remanded for further examination. The Tribunal upheld the 40% tax rate on interest received on Income-tax Refund and deemed reimbursements of actual expenditure as taxable under section 44BB. The appeals were partly allowed for statistical purposes. en-us Fri, 09 Dec 2016 00:00:00 +0530 Mon, 30 Jan 2017 13:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338299 The Tribunal ruled in favor of the appellant regarding the application of section 44BB(1) to non-PSC contracts. The issue of including VAT and Service Tax in total receipts was remanded for further examination. The Tribunal upheld the 40% tax rate on interest received on Income-tax Refund and deemed reimbursements of actual expenditure as taxable under section 44BB. The appeals were partly allowed for statistical purposes. Case-Laws Income Tax Fri, 09 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338299