https://www.taxtmi.com/highlights?id=48535 TDS u/s 195 - compensation paid for breach of contract for supply of material to foreign buyer - assessee’s failure to supply the export order which constitutes business transaction - There is no evidence brought on record that the sum paid to foreign buyer is income within the meaning of Article VII of DTAA to be taxable in India - neither TDS required nor disallowance u/s 40(a)(i) en-us Fri, 09 Aug 2019 07:18:36 +0530 Fri, 09 Aug 2019 07:18:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48535 TDS u/s 195 - compensation paid for breach of contract for supply of material to foreign buyer - assessee’s failure to supply the export order which constitutes business transaction - There is no evidence brought on record that the sum paid to foreign buyer is income within the meaning of Article VII of DTAA to be taxable in India - neither TDS required nor disallowance u/s 40(a)(i) Highlights Income Tax Fri, 09 Aug 2019 07:18:36 +0530 https://www.taxtmi.com/highlights?id=48535