https://www.taxtmi.com/caselaws?id=435963 The Tribunal quashed the final assessment order, ruling it as bad in law due to non-compliance with the directions of the Dispute Resolution Panel (DRP) and citing the decision in Olympus Medical Systems (P) Ltd vs ACIT. It held that there was no fixed place Permanent Establishment (PE) in India and recognized a Dependent Agent PE through Mr. Rupam Saikia. The Tribunal upheld the taxability of offshore supply of goods, directed the attribution of profits, and found errors in the denial of interest under Section 244A and the issuance of a penalty notice under Section 271(1)(c). The appeal of the assessee was allowed, with the final assessment order being quashed. en-us Tue, 28 Mar 2023 00:00:00 +0530 Fri, 31 Mar 2023 08:49:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435963 The Tribunal quashed the final assessment order, ruling it as bad in law due to non-compliance with the directions of the Dispute Resolution Panel (DRP) and citing the decision in Olympus Medical Systems (P) Ltd vs ACIT. It held that there was no fixed place Permanent Establishment (PE) in India and recognized a Dependent Agent PE through Mr. Rupam Saikia. The Tribunal upheld the taxability of offshore supply of goods, directed the attribution of profits, and found errors in the denial of interest under Section 244A and the issuance of a penalty notice under Section 271(1)(c). The appeal of the assessee was allowed, with the final assessment order being quashed. Case-Laws Income Tax Tue, 28 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435963