https://www.taxtmi.com/caselaws?id=423507 A non-resident's offshore distribution commission for procuring mutual fund subscriptions outside India was not taxable in India, because the services were rendered entirely abroad and no part of the relevant operations was carried out in India; the addition was deleted. Interest on rupee denominated bonds or government securities required fresh examination, as the factual basis for applying the lower rate under the relevant tax provisions had not been properly verified, and the matter was remanded for de novo adjudication. The appellate direction on education cess and higher education cess was upheld, as no infirmity was shown in requiring the Assessing Officer to follow the prevailing judicial view. en-us Mon, 06 Jun 2022 00:00:00 +0530 Wed, 08 Jun 2022 09:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423507 A non-resident's offshore distribution commission for procuring mutual fund subscriptions outside India was not taxable in India, because the services were rendered entirely abroad and no part of the relevant operations was carried out in India; the addition was deleted. Interest on rupee denominated bonds or government securities required fresh examination, as the factual basis for applying the lower rate under the relevant tax provisions had not been properly verified, and the matter was remanded for de novo adjudication. The appellate direction on education cess and higher education cess was upheld, as no infirmity was shown in requiring the Assessing Officer to follow the prevailing judicial view. Case-Laws Income Tax Mon, 06 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423507