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2009 (10) TMI 575 - HC - Income Tax
Demurrage charges of Rs.1,08,53,980 payable to foreign shipping company on which tax has not been deducted, in view of the provisions of section 172(8) introduced by the Finance Act, 1997 with retrospective effect from April 1, 1976 - Disallowance - Deduction of tax at source - Amount paid to non-resident without deducting tax at source - Disallowance under section 40(a)(i), justified.