https://www.taxtmi.com/caselaws?id=59468 The ITAT dismissed the assessee's appeal, affirming that the channel companies had a business connection and operations in India, obligating the assessee to deduct tax at source under Section 195 of the Income-tax Act, 1961. The Tribunal upheld the disallowance under Section 40(a)(i) due to the assessee's failure to deduct tax on payments made to the channel companies, rejecting arguments related to territorial jurisdiction, business connection, and applicability of CBDT Circular No. 742. The Tribunal emphasized the necessity of compliance with Section 195, irrespective of where payments were made, if the income is chargeable to tax in India. en-us Wed, 18 Jan 2006 00:00:00 +0530 Tue, 26 Mar 2024 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59468 The ITAT dismissed the assessee's appeal, affirming that the channel companies had a business connection and operations in India, obligating the assessee to deduct tax at source under Section 195 of the Income-tax Act, 1961. The Tribunal upheld the disallowance under Section 40(a)(i) due to the assessee's failure to deduct tax on payments made to the channel companies, rejecting arguments related to territorial jurisdiction, business connection, and applicability of CBDT Circular No. 742. The Tribunal emphasized the necessity of compliance with Section 195, irrespective of where payments were made, if the income is chargeable to tax in India. Case-Laws Income Tax Wed, 18 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59468