https://www.taxtmi.com/caselaws?id=757224 The ITAT Delhi ruled in favor of the assessee company regarding remittances to foreign subsidiary companies without TDS deduction under section 195. The AO had treated the assessee as in default for non-deduction of tax at source. The tribunal held that since the remittances to foreign subsidiaries were not taxable in India in the recipient companies' hands, there was no obligation to deduct TDS under section 195. The decision followed the established precedent from GE India Technology India Ltd case. en-us Fri, 16 Aug 2024 00:00:00 +0530 Tue, 20 Aug 2024 08:26:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757224 The ITAT Delhi ruled in favor of the assessee company regarding remittances to foreign subsidiary companies without TDS deduction under section 195. The AO had treated the assessee as in default for non-deduction of tax at source. The tribunal held that since the remittances to foreign subsidiaries were not taxable in India in the recipient companies' hands, there was no obligation to deduct TDS under section 195. The decision followed the established precedent from GE India Technology India Ltd case. Case-Laws Income Tax Fri, 16 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757224