https://www.taxtmi.com/caselaws?id=277867 The Tribunal affirmed that receipts from certain projects were not Fees for Technical Services (FTS) and should be taxed as business income. Interest earned in foreign bank accounts was ruled not taxable in India. Doubtful debts recovered were excluded from gross receipts. Liaison offices were considered cost centers without generating income. No interest under section 234B was chargeable. The CIT(A) did not need to call for a remand report for allowable expenses. The Department's appeal for 2005-06 was dismissed, while the assessee's appeals for 2007-08 and 2008-09 were allowed. en-us Fri, 04 May 2012 00:00:00 +0530 Thu, 27 Dec 2018 15:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277867 The Tribunal affirmed that receipts from certain projects were not Fees for Technical Services (FTS) and should be taxed as business income. Interest earned in foreign bank accounts was ruled not taxable in India. Doubtful debts recovered were excluded from gross receipts. Liaison offices were considered cost centers without generating income. No interest under section 234B was chargeable. The CIT(A) did not need to call for a remand report for allowable expenses. The Department's appeal for 2005-06 was dismissed, while the assessee's appeals for 2007-08 and 2008-09 were allowed. Case-Laws Income Tax Fri, 04 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277867