https://www.taxtmi.com/caselaws?id=192161 The Tribunal upheld the conversion of shares to investment, emphasizing the company's consistent approach and compliance with tax obligations. Additionally, the Tribunal dismissed the disallowance of charges for professional and technical services, stating they did not qualify as fees for technical services and highlighting the non-applicability of certain tax deduction provisions. The appeal by the revenue was partly allowed, affirming the conversion of shares to investment but rejecting the disallowance of charges for professional and technical services. en-us Wed, 07 Mar 2012 00:00:00 +0530 Wed, 17 May 2017 18:39:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192161 The Tribunal upheld the conversion of shares to investment, emphasizing the company's consistent approach and compliance with tax obligations. Additionally, the Tribunal dismissed the disallowance of charges for professional and technical services, stating they did not qualify as fees for technical services and highlighting the non-applicability of certain tax deduction provisions. The appeal by the revenue was partly allowed, affirming the conversion of shares to investment but rejecting the disallowance of charges for professional and technical services. Case-Laws Income Tax Wed, 07 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192161