https://www.taxtmi.com/caselaws?id=190778 The Tribunal dismissed the Revenue's Miscellaneous Petition seeking rectification of an order related to the assessment year 2005-06. The Tribunal held that sec.195 did not apply to charter hire charges paid to foreign shipping companies as the tax liability had been satisfied under sec.172. The Tribunal also noted that similar issues had been decided in favor of the assessee by ITAT, Chennai 'D' Bench for the assessment year 2007-08. Therefore, the Tribunal found no error in its order and dismissed the Revenue's petition. en-us Thu, 11 Oct 2012 00:00:00 +0530 Mon, 27 Feb 2017 11:49:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190778 The Tribunal dismissed the Revenue's Miscellaneous Petition seeking rectification of an order related to the assessment year 2005-06. The Tribunal held that sec.195 did not apply to charter hire charges paid to foreign shipping companies as the tax liability had been satisfied under sec.172. The Tribunal also noted that similar issues had been decided in favor of the assessee by ITAT, Chennai 'D' Bench for the assessment year 2007-08. Therefore, the Tribunal found no error in its order and dismissed the Revenue's petition. Case-Laws Income Tax Thu, 11 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190778