CIT (IT) v. ZTE Corporation (2024) 296 Taxman 571 (SC) Editorial : Refer, CIT (IT) v. ZTE Corporation (2021) 282 Taxman 304 (SC)

S. 234B : Interest-Advance tax-Non-Resident-Entire tax was deductible at source-Not permissible to charge interest-Review petition is dismissed.. [S. 9(1)(1)]

Dismissing the appeal of the revenue the Court  in  CIT(IT) v. ZTE Corporation (2021) 130 128 (Delhi)(HC)  held that assessee being a  non-resident company, entire tax was to be deducted at source on payments made by payer to it and there was no question of payment of advance tax, hence  it would not be permissible for revenue to charge any interest under section 234B  of the Act. Review petition against SLP rejection is dismissed.  (AY.  2013-14)