https://www.taxtmi.com/caselaws?id=59724 The Tribunal modified the CIT(A)'s order, concluding that the assessee is not entitled to relief for profits from transportation via feeder vessels, as they were not owned, leased, or chartered by the assessee. However, relief may be granted for transportation through mother vessels owned, leased, or chartered by consortium members, pending verification. The Tribunal also directed the CIT(A) to address the alternate claims concerning business profits assessment and applicable tax rate under Article 5 of the DTAA. The Revenue's appeal was partly allowed. en-us Tue, 25 Nov 2008 00:00:00 +0530 Wed, 06 Dec 2023 19:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59724 The Tribunal modified the CIT(A)'s order, concluding that the assessee is not entitled to relief for profits from transportation via feeder vessels, as they were not owned, leased, or chartered by the assessee. However, relief may be granted for transportation through mother vessels owned, leased, or chartered by consortium members, pending verification. The Tribunal also directed the CIT(A) to address the alternate claims concerning business profits assessment and applicable tax rate under Article 5 of the DTAA. The Revenue's appeal was partly allowed. Case-Laws Income Tax Tue, 25 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59724