Payment made to a Non-resident doesn’t amount to Deduction in Tax u/s 195 of Income Tax Act: ITAT dismisses Appeal [Read Order]

By Sunayana Dhal - On July 7, 2023 10:00 pm - 2 mins read
Payment made to a Non-resident -Payment - Deduction - Income Tax Act - Income Tax- ITAT dismisses Appeal - taxscan

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that the payment made to the non-resident doesn’t amount to deduction in tax under Section 195 of the Income Tax Act, 1961. The assessee company filed its return of income declaring a loss of Rs.10,02,80,149/-. The case was selected for scrutiny under Computer Assisted…

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