Specific customs headings for scaffolding components prevail over general classification, invalidating misclassification proceedings and enabling with...
Liquidator appointment under Section 34 requires consideration of creditor recommendations, valid professional authorisation, and preservation of vali...
Income-tax exemption for specified regulatory fees and government grants applies subject to non-commercial activity and continuing compliance conditio...
Digital accessibility audit and remediation deadlines extended, while all other disability-compliance obligations for regulated entities remain unchan...
Payments for hiring International Private Leased Circuits were not liable to tax deduction at source under section 195 because the remittance was not taxable in India absent a permanent establishment. The Court followed its earlier Division Bench ruling in the assessee's own case and the Supreme Court's decision in Engineering Analysis Centre of Excellence Pvt. Ltd., holding that Explanations 4, 5 and 6 inserted by the Finance Act, 2012 could not be applied retrospectively to treat such payments as royalty. The withholding issue was decided in favour of the assessee.
Payments for hiring International Private Leased Circuits were not liable to tax deduction at source under section 195 because the remittance was not taxable in India absent a permanent establishment. The Court followed its earlier Division Bench ruling in the assessee's own case and the Supreme Court's decision in Engineering Analysis Centre of Excellence Pvt. Ltd., holding that Explanations 4, 5 and 6 inserted by the Finance Act, 2012 could not be applied retrospectively to treat such payments as royalty. The withholding issue was decided in favour of the assessee.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4814 
Join Channel 
