DCIT v. Formula one Marketing II Ltd. (2025) 213 ITD 242 (Delhi) (Trib.)

S. 234B: Interest-Advance tax-Non-Resident-Deduction at source-Interest not leviable. [S. 195]

Held that where assessee was a non-resident, and its income was subject to tax deduction at source under section 195, it could not be held to be in default in payment of its advance tax liability. Interest under section 234B is not leviable. (AY. 2012-13)

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