https://www.taxtmi.com/caselaws?id=69903 The Tribunal upheld the orders for assessment years 2002-03 and 2004-05, ruling that the assessee was liable to deduct tax at source on payments to foreign shipping companies under time charter agreements, considering such payments as 'royalty' under section 9(1)(vi) of the Income-tax Act. However, the order for 2003-04 was reversed, allowing the departmental appeal, as the payments were deemed not subject to withholding tax due to the nature of the time charter agreements. The Tribunal emphasized the necessity of tax deduction when doubt exists regarding tax liability. Appeals for 2002-03 and 2004-05 were dismissed, while the appeal for 2003-04 was allowed. en-us Fri, 23 Jun 2006 00:00:00 +0530 Thu, 22 Feb 2024 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69903 The Tribunal upheld the orders for assessment years 2002-03 and 2004-05, ruling that the assessee was liable to deduct tax at source on payments to foreign shipping companies under time charter agreements, considering such payments as 'royalty' under section 9(1)(vi) of the Income-tax Act. However, the order for 2003-04 was reversed, allowing the departmental appeal, as the payments were deemed not subject to withholding tax due to the nature of the time charter agreements. The Tribunal emphasized the necessity of tax deduction when doubt exists regarding tax liability. Appeals for 2002-03 and 2004-05 were dismissed, while the appeal for 2003-04 was allowed. Case-Laws Income Tax Fri, 23 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69903