ITAT Confirms Demurrage Charges to Foreign Firms Not Subject to TDS, Aligning with Bombay High Court Precedent.

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....TDS u/s 195 - non deduction of TDS - demurrage charges paid by the respondent-assessee to the foreign companies - The ITAT upheld the decision of the CIT(A) to delete the addition of demurrage charges, citing the precedent set by the Full Bench of the Bombay High Court.....