2014 (4) TMI 1099

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....IYA, ACCOUNTANT MEMBER: This appeal by the Assessee is preferred against the order of CIT(A)- 23, Mumbai dated 27/12/2011 pertaining to assessment year 2008-09. The sole grievance of the Assessee is that the CIT(A) erred in confirming disallowance of Rs. 10,78,418/- u/s. 40(a)(ia) for non- deduction of TDS on terminal handling charges. 2. During the course of scrutiny assessment proceedings AO ....

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....ber, 1995. Per contra, the ld. DR relied upon the order of lower authorities. 4. We have carefully perused the orders of the lower authorities and the Circular of the Board No.723 dated 19/09/1995. The Circular relates to tax deduction at source for payment made to foreign shipping companies and at point No.5 the CBDT has clarified that since the agent acts on behalf of the non-resident ship-owne....