https://www.taxtmi.com/caselaws?id=212378 HC upheld the ITAT's order cancelling proceedings under s.195 r/w s.201 against the assessee for non-deduction of TDS on payments for imported business information reports from a foreign entity. Relying on its own prior decision in the assessee's earlier assessment year and the AAR ruling on identical reports, HC held that such remittances did not constitute income chargeable to tax in India and therefore did not attract s.195. Finding no legal infirmity in the ITAT's reasoning, HC dismissed the revenue's appeal without costs. en-us Mon, 11 Jul 2011 00:00:00 +0530 Wed, 26 Aug 2026 09:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212378 HC upheld the ITAT's order cancelling proceedings under s.195 r/w s.201 against the assessee for non-deduction of TDS on payments for imported business information reports from a foreign entity. Relying on its own prior decision in the assessee's earlier assessment year and the AAR ruling on identical reports, HC held that such remittances did not constitute income chargeable to tax in India and therefore did not attract s.195. Finding no legal infirmity in the ITAT's reasoning, HC dismissed the revenue's appeal without costs. Case-Laws Income Tax Mon, 11 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212378