Ratification of resignation acceptance validates separation retrospectively, while withdrawal may be refused through reasoned administrative discretio...
Nature-dependent electricity contracts receive new Ind AS accounting, hedge designation, transition and financial-statement disclosure requirements fr...
Alternative GST remedy permitted protective writ intervention for ex parte adjudication, preserving independent appellate review of input tax credit d...
Assessment against deceased sole proprietor requires proceedings against the legal representative, rendering prior assessment and appellate orders inv...
Residential waste collection classification under SAC 999423 defeats composite-supply exemption where facilitating goods are not transferred to the lo...
Condonation of delay permits statutory appeal restoration where inadequate service explanation prevented consideration of reassessment and taxable-inc...
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TDS u/s 195 - payment for time charter higher charges are Royalty u/s 9(1)(vi) - The Tribunal held that the payments made by Jaisu Shipping Co. Pvt. Ltd. for hiring dredgers from a non-resident entity fall under the definition of "Royalty" as per Section 9(1)(vi) of the Income Tax Act. This classification is based on the provision that payments for the use or right to use any industrial, commercial, or scientific equipment are considered royalties. The decision emphasized that the control and physical possession of the equipment (dredgers) by the assessee, to the exclusion of others, and the obligation to maintain the equipment in good working condition, did not constitute a provision of services but were corollary to the hiring of equipment itself. - ITAT concluded that the assessee was under an obligation to deduct tax at source as royalty payments.
TDS u/s 195 - payment for time charter higher charges are Royalty u/s 9(1)(vi) - The Tribunal held that the payments made by Jaisu Shipping Co. Pvt. Ltd. for hiring dredgers from a non-resident entity fall under the definition of "Royalty" as per Section 9(1)(vi) of the Income Tax Act. This classification is based on the provision that payments for the use or right to use any industrial, commercial, or scientific equipment are considered royalties. The decision emphasized that the control and physical possession of the equipment (dredgers) by the assessee, to the exclusion of others, and the obligation to maintain the equipment in good working condition, did not constitute a provision of services but were corollary to the hiring of equipment itself. - ITAT concluded that the assessee was under an obligation to deduct tax at source as royalty payments.
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