https://www.taxtmi.com/caselaws?id=301955 The Tribunal dismissed both appeals by the Revenue, upholding the assessee's position. It was held that no TDS was required on payments to the foreign entity due to the absence of Permanent Establishment in India. Additionally, the exemptions under sections 10(15), 10(34), and 10(38) of the Income Tax Act were deemed applicable to the assessee engaged in the insurance business, based on precedents and relevant provisions. The Tribunal affirmed the decisions of the Commissioner of Income Tax (Appeal) in both matters. en-us Tue, 04 Oct 2016 00:00:00 +0530 Thu, 28 Apr 2022 12:43:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301955 The Tribunal dismissed both appeals by the Revenue, upholding the assessee's position. It was held that no TDS was required on payments to the foreign entity due to the absence of Permanent Establishment in India. Additionally, the exemptions under sections 10(15), 10(34), and 10(38) of the Income Tax Act were deemed applicable to the assessee engaged in the insurance business, based on precedents and relevant provisions. The Tribunal affirmed the decisions of the Commissioner of Income Tax (Appeal) in both matters. Case-Laws Income Tax Tue, 04 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301955