Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Section 80P deduction covers Souharda credit societies, including qualifying surplus-deposit interest, subject to member KYC verification for cash dep...
The Appellate Tribunal addressed the issue of Tax Deducted at Source (TDS) under section 195, specifically disallowance under section 40(a)(i) for payments labeled as 'Royalty' under section 9(1)(vi). The AO disallowed payments to VBSNI equating them to previous payments to MCI Communication Service, treated as 'Royalty'. However, the Tribunal ruled that VBSNI payments did not qualify as 'Royalty' under DTAA, thus no TDS was required. The Tribunal's decision, upheld by the High Court, directed deletion of the disallowance. The appeal by the revenue was dismissed.
The Appellate Tribunal addressed the issue of Tax Deducted at Source (TDS) under section 195, specifically disallowance under section 40(a)(i) for payments labeled as 'Royalty' under section 9(1)(vi). The AO disallowed payments to VBSNI equating them to previous payments to MCI Communication Service, treated as 'Royalty'. However, the Tribunal ruled that VBSNI payments did not qualify as 'Royalty' under DTAA, thus no TDS was required. The Tribunal's decision, upheld by the High Court, directed deletion of the disallowance. The appeal by the revenue was dismissed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4788
Join Channel
TaxTMI 
