Payments to 17 non-resident associates, excluding Honda Motors Japan, not taxable u/ss 195 & 40(a)(i) of Income Tax Act.

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....Except in the case of Honda Motors Japan, payments made to all other 17 non-resident associate companies do not attract the provisions of S.195 and consequently 40(a)(i) of the Act, as no portion of the income of these companies arising from the supply of parts etc. was liable for tax in India. - AT....