https://www.taxtmi.com/caselaws?id=438804 The Tribunal upheld the finding that the assessee carried on business through a business connection and permanent establishment in India. It also restricted attribution of income from the CRS business to 15% of gross booking fees, following earlier rulings and noting that India-related expenses exceeded the attributable revenue, leaving no further taxable income in India. The disallowance of royalty, licence fee and similar expenses was confined to 30%, with assessment to be recomputed accordingly. Interest under section 234B was treated as consequential and left to be worked out in accordance with law. en-us Tue, 27 Sep 2022 00:00:00 +0530 Thu, 08 Jun 2023 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438804 The Tribunal upheld the finding that the assessee carried on business through a business connection and permanent establishment in India. It also restricted attribution of income from the CRS business to 15% of gross booking fees, following earlier rulings and noting that India-related expenses exceeded the attributable revenue, leaving no further taxable income in India. The disallowance of royalty, licence fee and similar expenses was confined to 30%, with assessment to be recomputed accordingly. Interest under section 234B was treated as consequential and left to be worked out in accordance with law. Case-Laws Income Tax Tue, 27 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438804