Tuesday 4 March 2014

No withholding from sum paid to NR for establishing a ship breaking yard in India if it didn’t have

IT/ILT : Where assessee availed consultation and supervision services from a foreign company for establishing a modern ship breaking yard, in view of fact that said company neither had PE nor any business connection in India, its income was not taxable in India and, thus, assessee was not liable to deduct tax at source while making payments to foreign company


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