https://www.taxtmi.com/caselaws?id=441908 The Tribunal remanded the matter to the Assessing Officer for further examination regarding the liability to deduct tax at source on payments to foreign shipping companies and/or their agents assessed under section 172 of the Income Tax Act, 1961. The Tribunal upheld relief granted by the Commissioner of Income Tax (Appeals) for specific companies based on Circular No. 723 dated September 19, 1995. Lack of examination by the CIT(A) and arbitrary findings by the Tribunal led to a remand for fresh consideration specifically for certain companies. The order granting relief to non-resident shipping lines was upheld for some companies and remanded for further consideration for others. en-us Wed, 09 Aug 2023 00:00:00 +0530 Sat, 19 Aug 2023 10:15:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441908 The Tribunal remanded the matter to the Assessing Officer for further examination regarding the liability to deduct tax at source on payments to foreign shipping companies and/or their agents assessed under section 172 of the Income Tax Act, 1961. The Tribunal upheld relief granted by the Commissioner of Income Tax (Appeals) for specific companies based on Circular No. 723 dated September 19, 1995. Lack of examination by the CIT(A) and arbitrary findings by the Tribunal led to a remand for fresh consideration specifically for certain companies. The order granting relief to non-resident shipping lines was upheld for some companies and remanded for further consideration for others. Case-Laws Income Tax Wed, 09 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441908