https://www.taxtmi.com/caselaws?id=777145 Interest paid to a foreign bank was treated as taxable in India under the India-Switzerland tax treaty, so tax was deductible at source under section 195 of the Income-tax Act, 1961. As the assessee did not deduct tax and also did not furnish the required undertaking, the payment attracted disallowance under section 40(a)(i). The analysis followed the earlier view in the assessee's own case for a prior year, and in the absence of contrary material, that position was applied again against the assessee. en-us Thu, 21 Aug 2025 00:00:00 +0530 Mon, 25 Aug 2025 08:41:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777145 Interest paid to a foreign bank was treated as taxable in India under the India-Switzerland tax treaty, so tax was deductible at source under section 195 of the Income-tax Act, 1961. As the assessee did not deduct tax and also did not furnish the required undertaking, the payment attracted disallowance under section 40(a)(i). The analysis followed the earlier view in the assessee's own case for a prior year, and in the absence of contrary material, that position was applied again against the assessee. Case-Laws Income Tax Thu, 21 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777145