https://www.taxtmi.com/caselaws?id=291553 The Tribunal held that advertisement revenues earned by SAS BV should not be taxed in the assessee's hands. The Tribunal also decided that the advertisement revenues should be taxed on a receipt basis. Additionally, revenues from NBC Asia CV Limited were held not taxable as fees for technical services. The Tribunal confirmed the deletion of interest charged under sections 234A, 234B, and 234C. The penalty imposed under section 271(1)(c) was deleted as the assessee had a genuine belief regarding tax liability. Appeals for the assessee were allowed for certain assessment years, while appeals by the AO were dismissed. en-us Wed, 23 Jan 2013 00:00:00 +0530 Sat, 04 Dec 2021 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291553 The Tribunal held that advertisement revenues earned by SAS BV should not be taxed in the assessee's hands. The Tribunal also decided that the advertisement revenues should be taxed on a receipt basis. Additionally, revenues from NBC Asia CV Limited were held not taxable as fees for technical services. The Tribunal confirmed the deletion of interest charged under sections 234A, 234B, and 234C. The penalty imposed under section 271(1)(c) was deleted as the assessee had a genuine belief regarding tax liability. Appeals for the assessee were allowed for certain assessment years, while appeals by the AO were dismissed. Case-Laws Income Tax Wed, 23 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291553