Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2010 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (12) TMI 345 - ITAT, MUMBAITax credit / Refund - The assessee a company with fiscal domicile in the United States of America, is engaged, inter alia, in the business of supply of copy righted software in connection with telecommunications project - During the relevant previous year, the assessee received gross amount of Rs. 162,77,19,401, towards supply of software, from Reliance Infocomm Limited out of which TDS has been deducted under Section 195 of the Income Tax Act, computed @ 15% under Article 12 of India US Double Taxation Avoidance Agreement, amounting to Rs. 24,41,58,046 – On the basis of TDS certificate produced by assessee, in accordance with the law and as long as taxes so deducted have been paid over to the Government and certificates in respect of the same have been issued by the tax deductor – Appeal is allowed by directing the AO to grant credit for tax deducted at source
|