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TDS u/s 195 - non deduction of TDS - demurrage charges paid by ...


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

March 12, 2024

Case Laws     Income Tax     AT

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.

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