2024 (3) TMI 535

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....appeal filed by the Revenue directed against the order of CIT(A)-2, Panaji dated 14.11.2022 for the assessment year 2012- 13. 2. When the appeal was called on, none appeared on behalf of the respondent-assessee despite due service of notice of hearing. We, therefore, proceed to dispose of the appeal ex parte qua the assessee. 3. Briefly, the facts of the case are that the respondent-assessee is ....

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....Disallowance of demurrage paid without TDS Rs. 6,88,44,215/- (5) Addition on account of Interest Income Rs. 2,30,309/- Assessed Total Income Rs. 304,37,76,805/- 4. Being aggrieved by the above assessment order, the appeal was filed before the CIT(A) who vide impugned order had directed the AO to delete the addition to the extent of Rs. 4,41,62,650/- being demurrage charges paid to the partie....

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....e charges paid by the respondent-assessee to the foreign companies can be disallowed for non deduction of tax at source u/s.195 of the Income-tax Act, 1961. The AO made the disallowance of demurrage charges at Rs. 6,88,44,215/- paid to various shipping companies on the ground that the appellant had failed to deduct tax at source on such payment following the decision of Hon'ble Bombay High Court i....