https://www.taxtmi.com/caselaws?id=256353 The Tribunal ruled in favor of the appellants, determining that they were not in default for failing to deduct TDS while making payments to a non-resident. The Tribunal considered that the payments were not taxable as the vendors had already made investments qualifying for exemption under sections 54 and 54F of the Income Tax Act. Consequently, the Tribunal allowed the appeals, negating the imposition of interest under section 201(1A) and dismissing the stay applications as redundant. en-us Fri, 14 Nov 2014 00:00:00 +0530 Wed, 11 Feb 2015 09:54:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256353 The Tribunal ruled in favor of the appellants, determining that they were not in default for failing to deduct TDS while making payments to a non-resident. The Tribunal considered that the payments were not taxable as the vendors had already made investments qualifying for exemption under sections 54 and 54F of the Income Tax Act. Consequently, the Tribunal allowed the appeals, negating the imposition of interest under section 201(1A) and dismissing the stay applications as redundant. Case-Laws Income Tax Fri, 14 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256353