https://www.taxtmi.com/caselaws?id=59594 The Tribunal held that the Director of Income-tax (International Taxation) wrongly assumed jurisdiction under section 263 of the Income-tax Act. The Assessing Officer's order was deemed neither erroneous nor prejudicial to revenue for the assessment years 1994-95 and 1997-98. Consequently, the Tribunal quashed the Director's orders, allowing the assessee's appeals. The classification of receipts from certain Indian companies as business income rather than fees for technical services was upheld based on previous Tribunal rulings, with the Director unable to substitute his opinion for that of the Assessing Officer. en-us Fri, 21 Oct 2005 00:00:00 +0530 Mon, 01 Feb 2016 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59594 The Tribunal held that the Director of Income-tax (International Taxation) wrongly assumed jurisdiction under section 263 of the Income-tax Act. The Assessing Officer's order was deemed neither erroneous nor prejudicial to revenue for the assessment years 1994-95 and 1997-98. Consequently, the Tribunal quashed the Director's orders, allowing the assessee's appeals. The classification of receipts from certain Indian companies as business income rather than fees for technical services was upheld based on previous Tribunal rulings, with the Director unable to substitute his opinion for that of the Assessing Officer. Case-Laws Income Tax Fri, 21 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59594