ITAT upholds order of canceling deduction of TDS @20% on payment made by Indian company for damage of vessels [Read Order]

ITAT - canceling deduction of TDS- payment - Indian company - damage of vessels -taxscan

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench upheld the order of canceling deduction of Tax Deduction at Source at 20% on payment made by the Indian Company for damage of vessels The assessee,Nirma Limited is an Indian Company applied under Section 195(2) of the Act for determining tax liability on the remittance to the…

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