https://www.taxtmi.com/caselaws?id=23397 The court dismissed the writ petition challenging the denial of exemption from Tax Deduction at Source (TDS) on interest payment to a foreign supplier of raw material. The court upheld the respondent's decision, stating that the interest amount was deemed to accrue or arise in India, justifying the denial of the exemption certificate under the Income-tax Act, 1961. The court allowed the petitioner to remit the interest amount to the foreign supplier without deducting tax temporarily, subject to further court orders and specified deposits. The petitioner was directed to pay the deposited amount to the respondent. en-us Fri, 30 Mar 1990 00:00:00 +0530 Fri, 18 Dec 2009 18:34:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23397 The court dismissed the writ petition challenging the denial of exemption from Tax Deduction at Source (TDS) on interest payment to a foreign supplier of raw material. The court upheld the respondent's decision, stating that the interest amount was deemed to accrue or arise in India, justifying the denial of the exemption certificate under the Income-tax Act, 1961. The court allowed the petitioner to remit the interest amount to the foreign supplier without deducting tax temporarily, subject to further court orders and specified deposits. The petitioner was directed to pay the deposited amount to the respondent. Case-Laws Income Tax Fri, 30 Mar 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23397