https://www.taxtmi.com/caselaws?id=404015 The case involved the taxability of sums paid under Bare Boat Charter agreements for seismic survey vessels used in India. The Authority held that the income from these agreements accrued in India, making it subject to withholding tax. The payments were to be assessed as business income under Section 44BB of the Income-tax Act, not classified as 'Royalty' under Section 9(1)(vi). As the payments fell under Section 44BB, further analysis under the India-Cyprus Double Taxation Avoidance Agreement was deemed unnecessary. en-us Thu, 14 Jan 2021 00:00:00 +0530 Fri, 12 Feb 2021 12:03:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404015 The case involved the taxability of sums paid under Bare Boat Charter agreements for seismic survey vessels used in India. The Authority held that the income from these agreements accrued in India, making it subject to withholding tax. The payments were to be assessed as business income under Section 44BB of the Income-tax Act, not classified as 'Royalty' under Section 9(1)(vi). As the payments fell under Section 44BB, further analysis under the India-Cyprus Double Taxation Avoidance Agreement was deemed unnecessary. Case-Laws Income Tax Thu, 14 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404015