https://www.taxtmi.com/caselaws?id=356048 The appeal challenged the Income Tax Appellate Tribunal's order for Assessment Year 2001-02, focusing on issues such as the treatment of technical knowhow expenditure, taxability of profits from US and UK branches, and the sale tax exemption benefit. The Tribunal's decisions were contested by the Revenue, particularly regarding the nature of technical knowhow expenditure as revenue or capital, exclusion of branch profits from taxable income, and the treatment of sale tax exemption benefit. The Court emphasized the need for accurate information, directing the Assessing Officer to provide an affidavit clarifying the misinformation and ensuring proper briefing for future proceedings. en-us Mon, 12 Feb 2018 00:00:00 +0530 Thu, 22 Feb 2018 14:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356048 The appeal challenged the Income Tax Appellate Tribunal's order for Assessment Year 2001-02, focusing on issues such as the treatment of technical knowhow expenditure, taxability of profits from US and UK branches, and the sale tax exemption benefit. The Tribunal's decisions were contested by the Revenue, particularly regarding the nature of technical knowhow expenditure as revenue or capital, exclusion of branch profits from taxable income, and the treatment of sale tax exemption benefit. The Court emphasized the need for accurate information, directing the Assessing Officer to provide an affidavit clarifying the misinformation and ensuring proper briefing for future proceedings. Case-Laws Income Tax Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356048