https://www.taxtmi.com/caselaws?id=437779 The Supreme Court upheld the impugned judgment, ruling that the Indian company is not liable to deduct tax at source under Section 195 of the Income Tax Act. The Court clarified that the assessees cannot be treated as defaulters based solely on the liability of a foreign company to be taxed in India, quashing the High Court's observations. The Court left the interpretation of Section 195 open for future consideration. Additionally, a separate judgment in SLP(C) No.10479/2012 was disposed of in light of the main decision in CA No.5089 of 2011, with pending applications also being resolved. en-us Thu, 23 Mar 2023 00:00:00 +0530 Mon, 22 May 2023 14:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437779 The Supreme Court upheld the impugned judgment, ruling that the Indian company is not liable to deduct tax at source under Section 195 of the Income Tax Act. The Court clarified that the assessees cannot be treated as defaulters based solely on the liability of a foreign company to be taxed in India, quashing the High Court's observations. The Court left the interpretation of Section 195 open for future consideration. Additionally, a separate judgment in SLP(C) No.10479/2012 was disposed of in light of the main decision in CA No.5089 of 2011, with pending applications also being resolved. Case-Laws Income Tax Thu, 23 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437779