2024 (3) TMI 535

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.... PER INTURI RAMA RAO, AM: This is an 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 o....

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....nation/Sampling Charges u/s.40(a)(i) Rs. 4,93,57,517/- (4) 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 ....

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....ecord. The solitary issue that arises for our consideration is whether the demurrage 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 ....