https://www.taxtmi.com/caselaws?id=437893 The Tribunal ruled in favor of the assessee, determining that the compensation payments made to Cricket South Africa (CSA) and Cricket Australia (CA) were not taxable in India. The Tribunal found that the payments were capital receipts and not attributable to operations in India, thus not subject to tax under Section 9(1) of the Income Tax Act, 1961. Furthermore, it was concluded that CSA did not have a Permanent Establishment in India, and there was no obligation for the assessee to deduct tax at source under Section 195. Consequently, the Tribunal set aside the orders of the CIT(A), allowing both appeals by the assessee. en-us Thu, 11 May 2023 00:00:00 +0530 Tue, 26 Nov 2024 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437893 The Tribunal ruled in favor of the assessee, determining that the compensation payments made to Cricket South Africa (CSA) and Cricket Australia (CA) were not taxable in India. The Tribunal found that the payments were capital receipts and not attributable to operations in India, thus not subject to tax under Section 9(1) of the Income Tax Act, 1961. Furthermore, it was concluded that CSA did not have a Permanent Establishment in India, and there was no obligation for the assessee to deduct tax at source under Section 195. Consequently, the Tribunal set aside the orders of the CIT(A), allowing both appeals by the assessee. Case-Laws Income Tax Thu, 11 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437893