https://www.taxtmi.com/caselaws?id=464722 ITAT DELHI - AT held that service tax and VAT collected are not part of gross receipts under Sec 44BB, following the Delhi HC line that such amounts are merely collected for remittance to Government and not receipts for services. On interest, the tribunal held Article VII (business profits) can tax interest effectively connected with a PE even if not business income; bank interest here was effectively connected with the PE and taxable accordingly. Interest on income tax refund was not effectively connected with the PE and remains taxable under Article 11(2) of the Indo-Cyprus DTAA. en-us Tue, 08 Feb 2022 00:00:00 +0530 Tue, 11 Nov 2025 19:01:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464722 ITAT DELHI - AT held that service tax and VAT collected are not part of gross receipts under Sec 44BB, following the Delhi HC line that such amounts are merely collected for remittance to Government and not receipts for services. On interest, the tribunal held Article VII (business profits) can tax interest effectively connected with a PE even if not business income; bank interest here was effectively connected with the PE and taxable accordingly. Interest on income tax refund was not effectively connected with the PE and remains taxable under Article 11(2) of the Indo-Cyprus DTAA. Case-Laws Income Tax Tue, 08 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464722