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2010 (12) TMI 916 - AT - Income TaxAdvance tax - whether Levy of interest u/s 234B is mandatory or not? - assessee is a non-resident company incorporated under the laws of USA - Held that:- Where all payments made to non-resident are subject to deduction of tax at source under section 195 of the Income-tax Act, the interest under section 234B is not leviable on the non-resident - As per the decision of the High Court of Delhi in the case of DIT v. Jacabs Civil Incorporated/Mitsubishi Corporation [2010 (8) TMI 37 - DELHI HIGH COURT] appeal decided in favour of assessee.
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