https://www.taxtmi.com/caselaws?id=210541 The Tribunal dismissed the Revenue's appeal, confirming that the disallowance under section 40(a)(ia) was unwarranted as the payments to foreign shipping companies were not taxable in India. The Tribunal emphasized the importance of considering taxability before invoking tax deduction provisions under section 195. The judgment highlighted the significance of Circulars issued by CBDT in interpreting tax laws accurately. en-us Wed, 04 Jan 2012 00:00:00 +0530 Tue, 14 Feb 2012 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210541 The Tribunal dismissed the Revenue's appeal, confirming that the disallowance under section 40(a)(ia) was unwarranted as the payments to foreign shipping companies were not taxable in India. The Tribunal emphasized the importance of considering taxability before invoking tax deduction provisions under section 195. The judgment highlighted the significance of Circulars issued by CBDT in interpreting tax laws accurately. Case-Laws Income Tax Wed, 04 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210541