https://www.taxtmi.com/caselaws?id=210530 The Tribunal upheld the CIT(A)'s decision, confirming that interest payments made by the appellant to non-resident lenders under approved ECB loan agreements remained exempt from tax. The Tribunal dismissed the Revenue's appeals, deeming the withdrawal of the exemption unwarranted and ruling that the appellant was not obligated to deduct withholding tax on the interest payments. en-us Fri, 23 Sep 2011 00:00:00 +0530 Tue, 14 Feb 2012 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210530 The Tribunal upheld the CIT(A)'s decision, confirming that interest payments made by the appellant to non-resident lenders under approved ECB loan agreements remained exempt from tax. The Tribunal dismissed the Revenue's appeals, deeming the withdrawal of the exemption unwarranted and ruling that the appellant was not obligated to deduct withholding tax on the interest payments. Case-Laws Income Tax Fri, 23 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210530