Dismissing the appeal of the revenue the Court held that, non – deposit of advance tax of advance tax in respect of consideration received by non resident is not liable to pay interest.
CIT v. Shanghai Electric Group Co. Ltd. (2019) 103 taxmann.com 376/ 262 Taxman 206 (Delhi)(HC) Editorial: SLP of revenue is received ,CIT v. Shanghai Electric Group Co. Ltd. (2019) 262 Taxman 205 (SC)
S. 215 : Interest payable by assessee–Non–deposit of advance tax of advance tax in respect of consideration received by non resident-Not liable to pay interest.