https://www.taxtmi.com/caselaws?id=310527 The appeals by the Revenue were dismissed by the Tribunal, affirming the CIT(A)'s decision not to charge interest under section 234B. The CIT(A) found that since tax was deductible at source on the non-resident firm's income, charging interest under section 234B was not applicable. This decision was supported by the Tribunal's Special Bench in Motorola Inc. Vs. DCIT and the HC's affirmation in D.I (International Taxation) VS. NGC Network Asia Ltd., which upheld the deletion of interest due to the applicability of tax deduction at source. en-us Mon, 27 Dec 2010 00:00:00 +0530 Mon, 30 Oct 2023 12:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310527 The appeals by the Revenue were dismissed by the Tribunal, affirming the CIT(A)'s decision not to charge interest under section 234B. The CIT(A) found that since tax was deductible at source on the non-resident firm's income, charging interest under section 234B was not applicable. This decision was supported by the Tribunal's Special Bench in Motorola Inc. Vs. DCIT and the HC's affirmation in D.I (International Taxation) VS. NGC Network Asia Ltd., which upheld the deletion of interest due to the applicability of tax deduction at source. Case-Laws Income Tax Mon, 27 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310527