Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2009 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (10) TMI 70 - AT - Income TaxExtract: .......ge accepted by the purchaser. CFSA, not having any PE inIndia, is not liable to tax in respect of such discount earned by it and hence the assessee is not under obligation to deduct tax at source under s. 195 of the Act. Accordingly, the same amount cannot be disallowed by invoking s. 40(a)(i) of the Act. 10. In the result, the appeal is dismissed.
|