https://www.taxtmi.com/caselaws?id=458930 Reinsurance premium paid to non-resident reinsurers was not chargeable to tax in India because the reinsurers had no business connection or permanent establishment in India and the income did not accrue or arise in India. As section 195 applies only when the sum paid is chargeable to tax in India, no tax was deductible at source on the premium. The corresponding disallowance under section 40(a)(i) therefore could not be sustained and was deleted. en-us Wed, 28 Jun 2023 00:00:00 +0530 Wed, 20 Nov 2024 17:07:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458930 Reinsurance premium paid to non-resident reinsurers was not chargeable to tax in India because the reinsurers had no business connection or permanent establishment in India and the income did not accrue or arise in India. As section 195 applies only when the sum paid is chargeable to tax in India, no tax was deductible at source on the premium. The corresponding disallowance under section 40(a)(i) therefore could not be sustained and was deleted. Case-Laws Income Tax Wed, 28 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458930