https://www.taxtmi.com/caselaws?id=405713 The payments made by the applicant to the vessel providing companies under global usage bareboat charter agreements were deemed to accrue or arise in India and were subject to withholding tax. The income was held taxable as business income under section 44BB of the Income-tax Act, not as royalty. The ruling confirmed that the computational mechanism under section 44BB applied, making further discussion on the Double Taxation Avoidance Agreement unnecessary. en-us Thu, 14 Jan 2021 00:00:00 +0530 Fri, 26 Mar 2021 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405713 The payments made by the applicant to the vessel providing companies under global usage bareboat charter agreements were deemed to accrue or arise in India and were subject to withholding tax. The income was held taxable as business income under section 44BB of the Income-tax Act, not as royalty. The ruling confirmed that the computational mechanism under section 44BB applied, making further discussion on the Double Taxation Avoidance Agreement unnecessary. Case-Laws Income Tax Thu, 14 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405713