https://www.taxtmi.com/caselaws?id=401744 The Appellate Tribunal ITAT Ahmedabad ruled in favor of the assessee, holding that section 195 of the Income Tax Act did not apply to the reimbursement of demurrage charges paid to a non-resident shipping company. The Tribunal emphasized that section 172 governed such transactions when the ship was owned or chartered by a non-resident, exempting them from tax deduction at source under section 195. The decision was based on a thorough examination of evidence and judicial findings, leading to the allowance of the assessee's appeal and overturning the decisions of the lower authorities. en-us Fri, 11 Sep 2020 00:00:00 +0530 Wed, 16 Dec 2020 08:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401744 The Appellate Tribunal ITAT Ahmedabad ruled in favor of the assessee, holding that section 195 of the Income Tax Act did not apply to the reimbursement of demurrage charges paid to a non-resident shipping company. The Tribunal emphasized that section 172 governed such transactions when the ship was owned or chartered by a non-resident, exempting them from tax deduction at source under section 195. The decision was based on a thorough examination of evidence and judicial findings, leading to the allowance of the assessee's appeal and overturning the decisions of the lower authorities. Case-Laws Income Tax Fri, 11 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401744