https://www.taxtmi.com/caselaws?id=456423 The ITAT Chennai upheld lower authorities' orders regarding TDS liability under section 195 for software development payments to Mauritius entities, finding the assessee failed to prove payment nature and treating them as fees for technical services requiring TDS deduction. The tribunal allowed the appeal on section 14A disallowance, ruling that dividend income from foreign subsidiaries is taxable, not exempt, making the disallowance inapplicable. Regarding depreciation on digital content, the tribunal followed its previous decision allowing 25% depreciation rate based on earlier assessment years. en-us Wed, 15 Jun 2022 00:00:00 +0530 Wed, 24 Jul 2024 21:19:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456423 The ITAT Chennai upheld lower authorities' orders regarding TDS liability under section 195 for software development payments to Mauritius entities, finding the assessee failed to prove payment nature and treating them as fees for technical services requiring TDS deduction. The tribunal allowed the appeal on section 14A disallowance, ruling that dividend income from foreign subsidiaries is taxable, not exempt, making the disallowance inapplicable. Regarding depreciation on digital content, the tribunal followed its previous decision allowing 25% depreciation rate based on earlier assessment years. Case-Laws Income Tax Wed, 15 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456423