Case Laws Analysis
Followed on ZF Steering Gear (I) Ltd. v. Dy. CIT 2022 TaxPub(DT) 1512 (Pune-Trib)
Followed on SRF Ltd. v. Asstt. CIT 2022 TaxPub(DT) 1478 (Del-Trib)
Relied on Prima (P) Ltd. v. Dy. CIT 2022 TaxPub(DT) 0994 (Pune-Trib)
Followed on Aptean India (P) Ltd. v. Dy. CIT 2022 TaxPub(DT) 0793 (Bang-Trib)
Relied on Dy. CIT v. Jubilant Foodworks Ltd. & (Vice-Versa) 2022 TaxPub(DT) 0708 (Del-Trib)
Relied on Aurangabad Electricals Ltd. v. Dy. CIT 2022 TaxPub(DT) 0280 (Pune-Trib)
Followed on KPIT Technologies Ltd. v. DCIT 2022 TaxPub(DT) 0172 (Pune-Trib)
Relied on Kanoria Chemicals & Industries Ltd. v. Addl. CIT 2021 TaxPub(DT) 6074 (Kol-Trib)
Followed on Dy. CIT v. CEAT Ltd. 2021 TaxPub(DT) 5752 (Mum-Trib)
Relied on Hyundai Motor India Ltd. v. Asstt. CIT 2021 TaxPub(DT) 5449 (Chen-Trib)
Followed on American Express (India) (P) Ltd. v. Jt. CIT 2021 TaxPub(DT) 5433 (Del-Trib)
Followed on Saarloha Advanced Materials (P) Ltd. v. Addl. CIT 2021 TaxPub(DT) 5083 (Pune-Trib)
Followed on City Corp. Ltd. v. DCIT 2021 TaxPub(DT) 4591 (Pune-Trib)
Followed on Bajaj Holdings & Investment Ltd. v. Asstt. CIT 2021 TaxPub(DT) 4410 (Mum-Trib)
Followed on Metropolis Healthcare Ltd. v. DCIT 2021 TaxPub(DT) 3969 (Del-Trib)
Followed on Emerson Climate Technologies (India) (P) Ltd. v. Addl./Jt./Dy./Asstt. CIT/ITO, National E-Assessment Centre 2021 TaxPub(DT) 3926 (Pune-Trib)
Followed on Tata Capital Ltd. v. Dy. CIT 2021 TaxPub(DT) 3916 (Mum-Trib)
Followed on Dy. CIT v. Citicorp Services India Ltd. 2021 TaxPub(DT) 3907 (Mum-Trib)
Followed on Novozymes South Asia (P). Ltd. v. JCIT (OSD) 2021 TaxPub(DT) 3501 (Bang-Trib)
Followed on Expeditors International (India) (P). Ltd. v. DCIT 2021 TaxPub(DT) 3477 (Del-Trib)
Followed on Tech Mahindra Business Services Ltd. v. Dy. CIT 2021 TaxPub(DT) 3449 (Mum-Trib)
Followed on IDBI Bank Ltd. v. Dy. CIT 2021 TaxPub(DT) 3245 (Mum-Trib)
Followed on Bachhraj Factories (P) Ltd. v. ACIT 2021 TaxPub(DT) 2634 (Mum-Trib)
Followed on SRF Ltd. v. Dy. CIT 2021 TaxPub(DT) 2091 (Del-Trib)
Followed on Johnson & Johnson (P) Ltd. v. Dy. CIT 2021 TaxPub(DT) 1900 (Mum-Trib)
Followed on Agro Tech Foods Ltd. v. Dy. CIT 2021 TaxPub(DT) 1893 (Hyd-Trib)
Followed on Kalyani Steels Ltd. v. DCIT 2021 TaxPub(DT) 1838 (Pune-Trib)
Followed on Advik Hi-Tech (P) Ltd. v. DCIT 2021 TaxPub(DT) 1692 (Pune-Trib)
Followed on Uhde India (P) Ltd. v. Addl. CIT 2021 TaxPub(DT) 1560 (Mum-Trib)
Followed on MTU India (P) Ltd. v. Dy. CIT 2021 TaxPub(DT) 1450 (Pune-Trib)
Followed on Prima (P) Ltd. v. Dy. CIT 2021 TaxPub(DT) 1313 (Pune-Trib)
Followed on Atlas Copco (India) Ltd. v. Dy. CIT 2021 TaxPub(DT) 1246 (Pune-Trib)
Followed on Dy. CIT v. Mahindra Lifespace Developers Ltd. 2021 TaxPub(DT) 1170 (Mum-Trib)
Applied on IDBI Bank Ltd. v. Dy. CIT 2021 TaxPub(DT) 0959 (Mum-Trib)
Applied on Asian Paints Ltd. v. Addl. CIT 2021 TaxPub(DT) 0958 (Mum-Trib)
Followed on Gloster Ltd. v. Asstt. CIT 2021 TaxPub(DT) 0349 (Kol-Trib)
Followed on ACIT v. Electrosteel Castings Ltd. 2021 TaxPub(DT) 0345 (Kol-Trib)
Followed on DCIT v. Kolte Patil Developers Ltd. 2020 TaxPub(DT) 5612 (Pune-Trib)
Followed on Bank of India v. Asstt. CIT 2020 TaxPub(DT) 5570 (Mum-Trib)
Relied on Advik Hi-Tech (P) Ltd. v. Dy. CIT 2020 TaxPub(DT) 5436 (Pune-Trib)
Followed on DCIT v. Century Plyboards (I) Ltd. 2020 TaxPub(DT) 5064 (Kol-Trib)
Followed on Baroda Industries (P) Ltd. v. Dy. CIT 2020 TaxPub(DT) 5053 (Mum-Trib)
Followed on Tata Consultancy Services Ltd. v. Addl. CIT 2020 TaxPub(DT) 4691 (Mum-Trib)
Followed on Havells India Ltd. v. ACIT 2020 TaxPub(DT) 4686 (Del-Trib)
Followed on Tata Consultancy Services Ltd. v. DCIT 2020 TaxPub(DT) 4585 (Mum-Trib)
Followed on Amar Singh Choudhary v. Pr. CIT 2020 TaxPub(DT) 4574 (Jab-Trib)
Followed on Wipro Ltd. v. Addl. CIT 2020 TaxPub(DT) 4218 (Bang-Trib)
 
The Tax Publishers2020 TaxPub(DT) 1546 (Bom-HC) : (2020) 423 ITR 0426 : (2020) 316 CTR 0446

INCOME TAX ACT, 1961

Section 195

CBDT Circular Number 723, dated 19-9-1995 deals with provision of sections 172, 194C and 195 and from perusal thereof it becomes apparently clear that provisions of sections 194C and 195 relating to tax deduction at source are not applicable. Since Circular issued by the CBDT was binding on the Department, assessee was not obliged to deduct tax from payment made as demurrage charges and demurrage charges were also liable to be taxed under section 172. Since assessee was not liable to deduct tax at source, no question arose for making any disallowance under section 40(a)(i).

Tax deduction at source - Under section 195 - Demurrage charges paid to non-resident buyers of iron ore -

Assessee-company claimed deduction of demurrage charges paid to non-resident buyers of iron ore. AO disallowed deduction for want of TDS. Held:CBDT Circular Number 723, dated 19-9-1995 deals with provision of sections 172, 194C and 195 and from perusal thereof it becomes apparently clear that provisions of sections 194C and 195 relating to tax deduction at source are not applicable. Since Circular issued by the CBDT was binding on the Department, assessee was not obliged to deduct tax from payment made as demurrage charges and demurrage charges were also liable to be taxed under section 172. Since assessee was not liable to deduct tax at source, no question arose for making any disallowance under section 40(a)(i).

REFERRED :

FAVOUR : in assessee's favour

A.Y. :


INCOME TAX ACT, 1961

Section 37(1)

SUBSCRIBE TaxPublishers.inSUBSCRIBE FOR FULL CONTENT

TaxPublishers.in

'Kedarnath', 7, Avadh Vihar, Near Nirali Dhani,

Chopasni Road

Jodhpur - 342 008 (Rajasthan) INDIA

Phones : 9785602619 (11 am - 5 pm)

E-Mail : mail@taxpublishers.in / mail.taxpublishers@gmail.com