https://www.taxtmi.com/caselaws?id=120099 The ITAT concluded that the assessee is not liable for tax deduction under section 195 for interest paid to a non-resident bank, as the payment responsibility lay with Andhra Bank. However, the Tribunal upheld the requirement for tax deduction under section 194J for service charges paid to the holding company, affirming the Commissioner's directive for verification of declared payments. The Tribunal allowed one appeal and partially allowed another, reflecting a nuanced interpretation of the relevant tax provisions. en-us Fri, 21 Jul 2006 00:00:00 +0530 Tue, 12 Mar 2024 10:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120099 The ITAT concluded that the assessee is not liable for tax deduction under section 195 for interest paid to a non-resident bank, as the payment responsibility lay with Andhra Bank. However, the Tribunal upheld the requirement for tax deduction under section 194J for service charges paid to the holding company, affirming the Commissioner's directive for verification of declared payments. The Tribunal allowed one appeal and partially allowed another, reflecting a nuanced interpretation of the relevant tax provisions. Case-Laws Income Tax Fri, 21 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120099