https://www.taxtmi.com/caselaws?id=435749 The Tribunal partially allowed the appeal, ruling that payments for IT support services were not classified as Fees for Technical Services (FTS) or Royalty under the Act or the India-Netherlands Double Taxation Avoidance Agreement (DTAA). The Assessing Officer was directed to verify and grant Tax Deducted at Source (TDS) credit, with interest under section 234B being contingent on the final income assessment. The penalty for misreporting/underreporting income under section 270A was deemed premature and dismissed. en-us Mon, 28 Nov 2022 00:00:00 +0530 Sat, 25 Mar 2023 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435749 The Tribunal partially allowed the appeal, ruling that payments for IT support services were not classified as Fees for Technical Services (FTS) or Royalty under the Act or the India-Netherlands Double Taxation Avoidance Agreement (DTAA). The Assessing Officer was directed to verify and grant Tax Deducted at Source (TDS) credit, with interest under section 234B being contingent on the final income assessment. The penalty for misreporting/underreporting income under section 270A was deemed premature and dismissed. Case-Laws Income Tax Mon, 28 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435749