https://www.taxtmi.com/caselaws?id=60448 The Tribunal allowed the appeals for the assessment years 2000-01 and 2001-02, determining that the appellant did not have a Permanent Establishment (PE) in India, thus the income earned was not taxable in India. The Tribunal also instructed the Assessing Officer to cancel the assessment concerning the recovery of bad debts. The Department's appeal for the assessment year 2001-02 was rejected. The Tribunal stressed the AO's obligation to apply the correct law, even if it favors the assessee, and criticized the assessment based on a non-est return. en-us Fri, 24 Aug 2007 00:00:00 +0530 Wed, 25 Jul 2012 18:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60448 The Tribunal allowed the appeals for the assessment years 2000-01 and 2001-02, determining that the appellant did not have a Permanent Establishment (PE) in India, thus the income earned was not taxable in India. The Tribunal also instructed the Assessing Officer to cancel the assessment concerning the recovery of bad debts. The Department's appeal for the assessment year 2001-02 was rejected. The Tribunal stressed the AO's obligation to apply the correct law, even if it favors the assessee, and criticized the assessment based on a non-est return. Case-Laws Income Tax Fri, 24 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60448