{"id":8732,"date":"2014-10-24T00:18:47","date_gmt":"2014-10-23T18:48:47","guid":{"rendered":"http:\/\/itatonline.org\/archives\/?p=8732"},"modified":"2014-10-24T10:07:41","modified_gmt":"2014-10-24T04:37:41","slug":"mathewsons-exports-imports-vs-acit-itat-cochin","status":"publish","type":"post","link":"https:\/\/itatonline.org\/archives\/mathewsons-exports-imports-vs-acit-itat-cochin\/","title":{"rendered":"Mathewsons Exports &#038; Imports vs. ACIT (ITAT Cochin)"},"content":{"rendered":"<p>It is very clear that the payments made by the assessee company were in the nature of simple payments for chartering ships on hire for doing the business outside India. Therefore, the payments do not satisfy the test laid down in s.9 of the IT Act, 1961. When s. 9 is not satisfied, there cannot be a case that income is deemed to accrue or arise in India as a result of hire payments made by the assessee-company to foreign ships. The liability under s.195 is cast on the assessee only when the payment is made to a non-resident, which is chargeable under the provisions of the IT Act. Here, the payments made by the assessee do not fall under s.9 and the payments do not take the character of any sum chargeable to tax under this Act. Therefore, s.195 does not come into operation. When s.195 does not apply to the present case, there is no violation of that section and consequently invoking of s.40(a)(i) does not arise. (<strong>ACIT vs Kinship Services (India) Pvt Ltd<\/strong> (2010) 128 TTJ 108, <strong>Kanchangaga Sea Foods Ltd vs CIT<\/strong> (2004) 136 Taxman 8 (P),  <strong>Poompuhar Shippinbg Corportion Ltd vs ITO<\/strong>(2013) 38 taxmann.com 150 (Mad) referred)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is very clear that the payments made by the assessee company were in the nature of simple payments for chartering ships on hire for doing the business outside India. Therefore, the payments do not satisfy the test laid down &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/itatonline.org\/archives\/mathewsons-exports-imports-vs-acit-itat-cochin\/\"> <span class=\"screen-reader-text\">Mathewsons Exports &#038; Imports vs. ACIT (ITAT Cochin)<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,8],"tags":[],"class_list":["post-8732","post","type-post","status-publish","format-standard","hentry","category-all-judgements","category-tribunal","judges-chandra-poojari-am","judges-n-r-s-ganesan-jm","section-407","section-40ai","section-article-8","counsel-k-p-paulson","court-itat-cochin-2","catchwords-charter-hire","catchwords-royalty","genre-domestic-tax","genre-international-tax"],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/8732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/comments?post=8732"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/8732\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/media?parent=8732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/categories?post=8732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/tags?post=8732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}