https://www.taxtmi.com/caselaws?id=263839 The Delhi High Court dismissed the Revenue's appeal, ruling that the Assessee was not obligated to deduct TDS under Section 195 of the Income Tax Act, 1961, as no income chargeable to tax accrued to the holding company. The court emphasized that mere book entries, which are later reversed, do not necessitate TDS deduction, aligning with the Supreme Court's interpretation in a relevant case. The judgment underscored that TDS obligations are contingent on the actual accrual of income chargeable to tax. en-us Fri, 04 Sep 2015 00:00:00 +0530 Sat, 13 Feb 2016 11:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263839 The Delhi High Court dismissed the Revenue's appeal, ruling that the Assessee was not obligated to deduct TDS under Section 195 of the Income Tax Act, 1961, as no income chargeable to tax accrued to the holding company. The court emphasized that mere book entries, which are later reversed, do not necessitate TDS deduction, aligning with the Supreme Court's interpretation in a relevant case. The judgment underscored that TDS obligations are contingent on the actual accrual of income chargeable to tax. Case-Laws Income Tax Fri, 04 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263839