https://www.taxtmi.com/caselaws?id=11665 The High Court ruled in favor of the Revenue Department, determining that the technical fees received by the foreign company should be taxed at 40 per cent under section 115A(1)(b)(iii) of the Income-tax Act, 1961. The Court emphasized the need for accurate interpretation of agreements and prompt rectification of past assessment errors to ensure fair tax treatment. en-us Tue, 25 Feb 2003 00:00:00 +0530 Fri, 05 Feb 2010 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11665 The High Court ruled in favor of the Revenue Department, determining that the technical fees received by the foreign company should be taxed at 40 per cent under section 115A(1)(b)(iii) of the Income-tax Act, 1961. The Court emphasized the need for accurate interpretation of agreements and prompt rectification of past assessment errors to ensure fair tax treatment. Case-Laws Income Tax Tue, 25 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11665