DIT, IT v. Texas Instruments Incorporated (2025) 302 Taxman 7 (SC) Editorial : DIT, IT v. Texas Instruments Incorporated(2020) 275 Taxman 614 (Karn)(HC)

S. 234B : Interest-Advance tax-Non-Resident-Not liable for payment of interest-SLP of Revenue is dismissed due to low tax effect. [Art. 136]

High Court  held that if payer, who was required to make payments to non-resident, had deducted tax at source, question of payment of advance tax by payee would not arise and, therefore, it would not be permissible for revenue to charge interest under section 234B.  SLP of Revenue is dismissed  on account of low tax effect.) (AY. 2005-06  2006-07)

Leave a Reply

Your email address will not be published. Required fields are marked *

*