S. 195 Samsung Electronics Judgement Reversed By Supreme Court
The Supreme Court today (9.9.2010) pronounced judgement in a batch of appeals challenging the judgement of the Karnataka High Court in CIT vs. Samsung Electronics 320 ITR 209 where it was held that u/s 195 the payer was not entitled to consider whether the payment was chargeable to tax in the hands of the non-resident recipient or not.
The Supreme Court has reversed the judgement of the Karnataka High Court. The appeals have been remanded to the High Court for a decision on whether or not the payments were taxable in the hands of the non-resident recipient.
Receive free SMS of finance updates and alert at mobile
aaykarbhavan:News about the aykarbhavan
Good and Clean funny, informative motivational SMSes
Gandinagar, News about Gandhinagar , Gujarat
Or Join it by sending SMS
go to write messge in your mobile type
"on aaykarbhavan" / "on rajkumarsms"
and sen it to 9870807070
Me on net :
Virus Warning: Although the I have taken reasonable precautions to ensure no viruses are present in his email, sender (I) cannot accept responsibility for any loss or damage arising from the use of this email or attachment."