https://www.taxtmi.com/caselaws?id=293367 The Tribunal partly allowed the appeals, directing that the income be taxed under Section 44BB instead of Section 44DA. The claim that amounts received were reimbursements was rejected, and the levy of interest under Section 234B was deleted. The initiation of penalty proceedings under Sections 271B and 271(1)(c) was found premature and dismissed. The claim of violation of natural justice was also rejected. en-us Wed, 30 Jan 2019 00:00:00 +0530 Fri, 05 Aug 2022 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293367 The Tribunal partly allowed the appeals, directing that the income be taxed under Section 44BB instead of Section 44DA. The claim that amounts received were reimbursements was rejected, and the levy of interest under Section 234B was deleted. The initiation of penalty proceedings under Sections 271B and 271(1)(c) was found premature and dismissed. The claim of violation of natural justice was also rejected. Case-Laws Income Tax Wed, 30 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293367