https://www.taxtmi.com/caselaws?id=264516 The Tribunal upheld the CIT(A)'s order, ruling that interest paid on FCCBs did not accrue or arise in India and fell under the exclusion in Section 9(1)(v)(b). Therefore, the assessee was not required to deduct tax at source under Section 196C read with Section 115AC. The Revenue's appeal was dismissed. en-us Wed, 02 Sep 2015 00:00:00 +0530 Sat, 26 Sep 2015 00:15:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264516 The Tribunal upheld the CIT(A)'s order, ruling that interest paid on FCCBs did not accrue or arise in India and fell under the exclusion in Section 9(1)(v)(b). Therefore, the assessee was not required to deduct tax at source under Section 196C read with Section 115AC. The Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 02 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264516