2011 (7) TMI 957

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....ENT   Whether the Income-tax Appellate Tribunal was justified in cancelling the order passed under section 195 read with section 201 of the Income-tax Act, 1961, is the question raised in this appeal.   The assessee had imported business information reports from Dun and Bradstreet, USA, and made remittances in respect thereof without deducting tax at source. The Assessing Officer h....

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....ce Rulings No. 656 of 2005, dated October 27, 2005. In all these cases the Authority for Advance Rulings held that the sale of very same business information reports by the subsidiaries of Dun and Bradstreet US in Spain, Europe and U. K. to the assessee did not attract the provisions of section 195 of the Act. Though the decision of the Authority for Advance Rulings is not binding in the present c....