Dismissing the appeal of the revenue , the Tribunal held that; Payment to foreign shipping companies ,S. 172 is applicable hence not liable to deduct tax at source, u/s 194C or u/s 195 of the Act . ( AY. 2011-12)
DCIT v. Associated Pigments Ltd. (2018) 61 ITR 553 (Kol) (Trib)
S.40(a)(ia):Amounts not deductible – Deduction at source – Payment to foreign shipping companies ,S. 172 is applicable hence not liable to deduct tax at source [ S. 172 ,194C, 195 ]