https://www.taxtmi.com/caselaws?id=23436 The High Court held that the interest income received by the non-resident assessee-company was taxable under Section 9(1)(i) of the Income-tax Act, 1961. The court determined that the payments made to foreign suppliers constituted money lent at interest and were brought into India in kind, aligning with the taxing provision. This decision was supported by an analysis of legal precedents and statutory interpretation, emphasizing the specific arrangements between the assessee and the Indian company. en-us Mon, 27 Nov 1989 00:00:00 +0530 Sat, 19 Dec 2009 12:55:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23436 The High Court held that the interest income received by the non-resident assessee-company was taxable under Section 9(1)(i) of the Income-tax Act, 1961. The court determined that the payments made to foreign suppliers constituted money lent at interest and were brought into India in kind, aligning with the taxing provision. This decision was supported by an analysis of legal precedents and statutory interpretation, emphasizing the specific arrangements between the assessee and the Indian company. Case-Laws Income Tax Mon, 27 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23436