Consideration received not Income Deemed to accrue in India: ITAT holds Assessee not eligible for TDS [Read Order]

By Taxscan Team - On October 16, 2022 11:29 am - 2 mins read

received - income - deemed - ITAT - assessee - eligible - TDS - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Bangalore held assessee, M/s Subex Technologies Limited not eligible for TDS on the ground that the consideration received was not income deemed to accrue in India. During the impugned assessment year, under the scheme of arrangement approved by the Karnataka High Court, certain businesses of Subex Limited (the parent…

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Topics

Bangalore CIT(A)FTS ITAT Judicial Member George George K Section 40(a)(i) of the Income Tax Act Section 92CA of the Income Tax Act TDS