https://www.taxtmi.com/caselaws?id=382427 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee, holding that the freight income from feeder vessels is exempt from tax in India under the India-Germany Tax Treaty. The Tribunal also concluded that the assessee did not have a Permanent Establishment (PE) in India as asserted by the Assessing Officer. The Tribunal dismissed the grounds challenging penalty proceedings as premature and partly allowed the assessee's appeal, deleting the addition made by the Assessing Officer regarding the taxability of freight charges from feeder vessels. en-us Fri, 28 Jun 2019 00:00:00 +0530 Tue, 02 Jul 2019 07:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382427 The Appellate Tribunal ITAT Mumbai ruled in favor of the assessee, holding that the freight income from feeder vessels is exempt from tax in India under the India-Germany Tax Treaty. The Tribunal also concluded that the assessee did not have a Permanent Establishment (PE) in India as asserted by the Assessing Officer. The Tribunal dismissed the grounds challenging penalty proceedings as premature and partly allowed the assessee's appeal, deleting the addition made by the Assessing Officer regarding the taxability of freight charges from feeder vessels. Case-Laws Income Tax Fri, 28 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382427