https://www.taxtmi.com/caselaws?id=210316 The Court dismissed the Income Tax Appeals, affirming the respondent's entitlement to exemption from paying tax on the tax component of the remittance. The approval of the collaboration agreement by the Government of India under Section 10(6A) resulted in the tax paid being exempt from further taxation. As a result, grossing up under Section 195A was deemed unnecessary in this case. The judgments of the lower appellate authorities were upheld, emphasizing the importance of the Government's approval of the agreement in determining tax liabilities on remittances made to foreign collaborators. en-us Fri, 29 Jul 2011 00:00:00 +0530 Wed, 08 Feb 2012 19:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210316 The Court dismissed the Income Tax Appeals, affirming the respondent's entitlement to exemption from paying tax on the tax component of the remittance. The approval of the collaboration agreement by the Government of India under Section 10(6A) resulted in the tax paid being exempt from further taxation. As a result, grossing up under Section 195A was deemed unnecessary in this case. The judgments of the lower appellate authorities were upheld, emphasizing the importance of the Government's approval of the agreement in determining tax liabilities on remittances made to foreign collaborators. Case-Laws Income Tax Fri, 29 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210316