https://www.taxtmi.com/caselaws?id=423339 Taxability of Formula One-related receipts in India under the India-Switzerland DTAA depended on the correct characterisation of the activities, the presence or absence of a permanent establishment, and the application of the treaty rules for business income and artists or athletes. The Tribunal found that the factual record on the drivers' stay in India, the preparatory and post-event activities, and the assessee's explanation of the receipts had not been properly examined, with the authorities proceeding on competing assumptions. It therefore declined to decide taxability on the existing record and remitted the matter for fresh verification and consideration after giving the assessee an opportunity to submit its case. en-us Fri, 13 May 2022 00:00:00 +0530 Sat, 04 Jun 2022 08:32:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423339 Taxability of Formula One-related receipts in India under the India-Switzerland DTAA depended on the correct characterisation of the activities, the presence or absence of a permanent establishment, and the application of the treaty rules for business income and artists or athletes. The Tribunal found that the factual record on the drivers' stay in India, the preparatory and post-event activities, and the assessee's explanation of the receipts had not been properly examined, with the authorities proceeding on competing assumptions. It therefore declined to decide taxability on the existing record and remitted the matter for fresh verification and consideration after giving the assessee an opportunity to submit its case. Case-Laws Income Tax Fri, 13 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423339