https://www.taxtmi.com/caselaws?id=347673 The Tribunal ruled in favor of the appellant, holding that Section 195 of the Income Tax Act applied to payments made to a non-resident seller through a General Power of Attorney holder and a financial institution. However, the Tribunal found no basis for charging interest under Section 201(1A) due to the non-resident seller's long term capital loss, resulting in no tax liability. The appeal was allowed, and the Tribunal set aside the lower authorities' orders. en-us Wed, 06 Sep 2017 00:00:00 +0530 Fri, 08 Sep 2017 07:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347673 The Tribunal ruled in favor of the appellant, holding that Section 195 of the Income Tax Act applied to payments made to a non-resident seller through a General Power of Attorney holder and a financial institution. However, the Tribunal found no basis for charging interest under Section 201(1A) due to the non-resident seller's long term capital loss, resulting in no tax liability. The appeal was allowed, and the Tribunal set aside the lower authorities' orders. Case-Laws Income Tax Wed, 06 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347673