https://www.taxtmi.com/caselaws?id=76667 The Supreme Court upheld the Tribunal's decision that the non-resident company received the charter fee in India through 85% of the fish catch, making it taxable under Section 5(2) of the Income Tax Act. The Court emphasized the company's control over the catch in India, distinguishing it from previous cases. Consequently, the assessee was deemed liable to deduct tax at source under Section 195 and was found in default under Section 201 for not doing so. The appeals were dismissed without costs. en-us Wed, 07 Jul 2010 00:00:00 +0530 Sat, 06 Jul 2013 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76667 The Supreme Court upheld the Tribunal's decision that the non-resident company received the charter fee in India through 85% of the fish catch, making it taxable under Section 5(2) of the Income Tax Act. The Court emphasized the company's control over the catch in India, distinguishing it from previous cases. Consequently, the assessee was deemed liable to deduct tax at source under Section 195 and was found in default under Section 201 for not doing so. The appeals were dismissed without costs. Case-Laws Income Tax Wed, 07 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76667