2002 (4) TMI 891 - AT - Income Tax

Extract:
.......ctual payment to Merrill Lynch under section 195(1) read with the Explanation thereto. 132. Finally, a word about the arguments addressed before us. It must be placed on record that we had the advantage of well-prepared arguments presented before us by both sides with learning, precision and clarity. 133. The appeals are allowed as indicated above.