https://www.taxtmi.com/caselaws?id=220413 The Tribunal upheld the decision that the appellant company was not liable to deduct tax at source on interest payable on FCCBs. It was determined that the interest income did not accrue or arise in India, as per section 9(1)(v)(b), rendering sections 115AC and 196C inapplicable. The Revenue's appeal was dismissed, and the assessee's cross-objection became infructuous. en-us Fri, 18 Jan 2013 00:00:00 +0530 Tue, 22 Jan 2013 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220413 The Tribunal upheld the decision that the appellant company was not liable to deduct tax at source on interest payable on FCCBs. It was determined that the interest income did not accrue or arise in India, as per section 9(1)(v)(b), rendering sections 115AC and 196C inapplicable. The Revenue's appeal was dismissed, and the assessee's cross-objection became infructuous. Case-Laws Income Tax Fri, 18 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220413