CIT v. Madras Fertilisers Ltd.

149 ITR 703High Court1984#2090 most cited

What is CIT v. Madras Fertilisers Ltd. authority for?

When income is subject to tax deduction at source (TDS), the primary obligation to deduct tax rests with the payer. If the payer fails to deduct tax, they are treated as an assessee in default under Section 201 and are liable for interest, not the recipient of the income for non-payment of advance tax under Section 234B.

55

judgments rely on this decision, according to BharatTax’s citation analysis of 292,668 Indian tax judgments — from 2010 to 2024.

Also referred to as

CIT v. Madras Fertilisers Ltd. · Section 234B interest · Section 201 · payer default TDS · tax deduction at source liability · advance tax non-payment · recipient liability · 149 ITR 703

Sections most often in play

Section 234BSection 234CSection 143(1)Section 143(3)Section 147Section 154Section 194LDSection 195

Issues it is cited on

advance taxsection 234bsection 234indiainterest

Judgments citing CIT v. Madras Fertilisers Ltd.

INCOME TAX OFFICER, CHENNAI vs. ROHITKUMAR NEMCHAND PIPARIA, CHENNAI

The appeal stand allowed in terms of our above order

ITA 1344/CHNY/2023[2008-09]Status: DisposedITAT Chennai31 Dec 2024AY 2008-09

Bench: Hon’Ble Shri Aby T. Varkey, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am आयकरअपील सं./ Ita No.1344/Chny/2023 (िनधा*रण वष* / Assessment Year: 2008-09) Ito Shri Rohitkumar Nemchand Piparia बनाम International Taxation Ward-2(1) #34 (Old #77), Meddox Street, / Vs. Chennai. Choolai, Chennai-600 112. "थायीलेखासं./जीआइआरसं./Pan/Gir No. Akzpp-0661-M (अपीलाथ"/Appellant) : (" थ" / Respondent) अपीलाथ"कीओरसे/ Assessee By : Shri T. Banusekar & Ms. Samyuktha Banusekar (Advocates) - Ld. Ars " थ"कीओरसे/Revenue By : Shri Nilay Baran Som (Cit) - Ld. Dr सुनवाईकीतारीख/Date Of Hearing : 07-10-2024 घोषणाकीतारीख /Date Of Pronouncement : 31-12-2024 आदेश / O R D E R

For Appellant: Shri T. Banusekar & Ms. SamyukthaFor Respondent: Shri Nilay Baran Som (CIT) - Ld. DR
Section 143(3)Section 148Section 234BSection 234C

…est for default in payment of advance tax would have no application since the TDS is liable to be paid by the payer failing which he is liable to pay simple interest thereon. The case law of Hon’ble High Court of Madras in the case of Madras Fertilizers Ltd. (149 ITR 703) as well as other judicial decisions were was also cited in support of the same. 3.3 It was also submitted by the assessee that the case was reopened on the ground that the assessee carried out share transactions amounting to Rs.155.20 Crores during the year but it did not report the same in the Income Tax Return. It was explained that the assess…

STANDARD CHARTERED BANK (SINGAPORE)LIMITED ,MUMBAI vs. THE DEPUTY COMMISSIONER OF INCOME TAX INTERNATIONAL TAXATION CIRCLE 4(2)(2), MUMBAI

In the result, appeal of the assessee is allowed

ITA 2505/MUM/2024[2021-22]Status: DisposedITAT Mumbai12 Aug 2024AY 2021-22

Bench: Shri Narendra Kumar Billaiya, Hon’Ble & Shri Rahul Chaudhary, Hon’Ble

For Appellant: Shri Dhanesh Bafna, Ms. Chandni Shah & ShriFor Respondent: Shri Anil Sant, Addl. CIT, D/R
Section 143(1)Section 196DSection 208Section 234BSection 234C

…um/2024 3 Strong reliance was placed on the decision of the Co-ordinate Bench in the case of Goldman Sachs Investment (Mauritius) Ltd. v. Dy.CIT(2021) 187 ITD 184 (Mum.)(Trib.) and Hon’ble Madras High Court in the case of C.I.T. v. Madras Fertilizers Limited [149 ITR 703]. The ld. D/R strongly supported the findings of the AO/ld. CIT(A). It is the say of the ld. D/R that though the assessee has received interest throughout the year but it is not known that for which period the assessee has fully paid the advance tax. 5. We have given a thoughtful consideration to the orders of the authorities below and have perus…

MI OVERSEAS LTD.,MUMBAI vs. ADIT, DEHRADUN

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

ITA 5584/DEL/2013[2010-11]Status: DisposedITAT Dehradun08 Jun 2021AY 2010-11

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

For Appellant: Shri Ajay Vohra, Sr. AdvFor Respondent: Shri Thakur Singh Mapwal, JCIT DR
Section 263Section 44BSection 9

…[2009] 309 ITR 85 (Uttarakhand), while drawing support from CIT v. Sedco Forex International Drilling Co. Ltd. [2003] 264 ITR 320 (Uttaranchal), CIT v. Halliburton Offshore Services Inc. [2004] 271 ITR 395 (Uttaranchal), CIT v. Madras Fertilizers Ltd. [1984] 149 ITR 703 (Mad) and CIT v. Ranoli Investment P. Ltd. [1999] 235 ITR 433 (Guj). Thus for assessment year 2006 – 07, the assessee cannot be subjected to interest u/s 234B of the income tax act. This is also for the reason that proviso inserted u/s 209 (1) of the act by The Finance Act 2012 is with effect from 1/4/2012 and does not apply to assessment year 20…

MI OVERSEAS LTD.,MUMBAI vs. ADIT, DEHRADUN

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

ITA 5583/DEL/2013[2007-08]Status: DisposedITAT Dehradun08 Jun 2021AY 2007-08

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

For Appellant: Shri Ajay Vohra, Sr. AdvFor Respondent: Shri Thakur Singh Mapwal, JCIT DR
Section 263Section 44BSection 9

…[2009] 309 ITR 85 (Uttarakhand), while drawing support from CIT v. Sedco Forex International Drilling Co. Ltd. [2003] 264 ITR 320 (Uttaranchal), CIT v. Halliburton Offshore Services Inc. [2004] 271 ITR 395 (Uttaranchal), CIT v. Madras Fertilizers Ltd. [1984] 149 ITR 703 (Mad) and CIT v. Ranoli Investment P. Ltd. [1999] 235 ITR 433 (Guj). Thus for assessment year 2006 – 07, the assessee cannot be subjected to interest u/s 234B of the income tax act. This is also for the reason that proviso inserted u/s 209 (1) of the act by The Finance Act 2012 is with effect from 1/4/2012 and does not apply to assessment year 20…

ADIT (INTERNATIONAL TAXATION), DEHRADUN vs. M/S. M.I, OVERSEAS LTD., MUMBAI

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

ITA 5565/DEL/2013[2010-11]Status: DisposedITAT Dehradun08 Jun 2021AY 2010-11

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

For Appellant: Shri Ajay Vohra, Sr. AdvFor Respondent: Shri Thakur Singh Mapwal, JCIT DR
Section 263Section 44BSection 9

…[2009] 309 ITR 85 (Uttarakhand), while drawing support from CIT v. Sedco Forex International Drilling Co. Ltd. [2003] 264 ITR 320 (Uttaranchal), CIT v. Halliburton Offshore Services Inc. [2004] 271 ITR 395 (Uttaranchal), CIT v. Madras Fertilizers Ltd. [1984] 149 ITR 703 (Mad) and CIT v. Ranoli Investment P. Ltd. [1999] 235 ITR 433 (Guj). Thus for assessment year 2006 – 07, the assessee cannot be subjected to interest u/s 234B of the income tax act. This is also for the reason that proviso inserted u/s 209 (1) of the act by The Finance Act 2012 is with effect from 1/4/2012 and does not apply to assessment year 20…

ADIT (INTERNATIONAL TAXATION), DEHRADUN vs. M/S. M.I, OVERSEAS LTD., MUMBAI

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

ITA 5564/DEL/2013[2007-08]Status: DisposedITAT Dehradun08 Jun 2021AY 2007-08

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

For Appellant: Shri Ajay Vohra, Sr. AdvFor Respondent: Shri Thakur Singh Mapwal, JCIT DR
Section 263Section 44BSection 9

…[2009] 309 ITR 85 (Uttarakhand), while drawing support from CIT v. Sedco Forex International Drilling Co. Ltd. [2003] 264 ITR 320 (Uttaranchal), CIT v. Halliburton Offshore Services Inc. [2004] 271 ITR 395 (Uttaranchal), CIT v. Madras Fertilizers Ltd. [1984] 149 ITR 703 (Mad) and CIT v. Ranoli Investment P. Ltd. [1999] 235 ITR 433 (Guj). Thus for assessment year 2006 – 07, the assessee cannot be subjected to interest u/s 234B of the income tax act. This is also for the reason that proviso inserted u/s 209 (1) of the act by The Finance Act 2012 is with effect from 1/4/2012 and does not apply to assessment year 20…

ADIT, DEHRADUN vs. M/S. M.I. OVERSEAS LTD., NOIDA

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

ITA 3045/DEL/2013[2006-07]Status: DisposedITAT Dehradun08 Jun 2021AY 2006-07

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

For Appellant: Shri Ajay Vohra, Sr. AdvFor Respondent: Shri Thakur Singh Mapwal, JCIT DR
Section 263Section 44BSection 9

…[2009] 309 ITR 85 (Uttarakhand), while drawing support from CIT v. Sedco Forex International Drilling Co. Ltd. [2003] 264 ITR 320 (Uttaranchal), CIT v. Halliburton Offshore Services Inc. [2004] 271 ITR 395 (Uttaranchal), CIT v. Madras Fertilizers Ltd. [1984] 149 ITR 703 (Mad) and CIT v. Ranoli Investment P. Ltd. [1999] 235 ITR 433 (Guj). Thus for assessment year 2006 – 07, the assessee cannot be subjected to interest u/s 234B of the income tax act. This is also for the reason that proviso inserted u/s 209 (1) of the act by The Finance Act 2012 is with effect from 1/4/2012 and does not apply to assessment year 20…

MI OVERSEAS LTD.,MUMBAI vs. ADIT, DEHRADUN

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

ITA 2956/DEL/2013[2006-07]Status: DisposedITAT Dehradun08 Jun 2021AY 2006-07

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

For Appellant: Shri Ajay Vohra, Sr. AdvFor Respondent: Shri Thakur Singh Mapwal, JCIT DR
Section 263Section 44BSection 9

…[2009] 309 ITR 85 (Uttarakhand), while drawing support from CIT v. Sedco Forex International Drilling Co. Ltd. [2003] 264 ITR 320 (Uttaranchal), CIT v. Halliburton Offshore Services Inc. [2004] 271 ITR 395 (Uttaranchal), CIT v. Madras Fertilizers Ltd. [1984] 149 ITR 703 (Mad) and CIT v. Ranoli Investment P. Ltd. [1999] 235 ITR 433 (Guj). Thus for assessment year 2006 – 07, the assessee cannot be subjected to interest u/s 234B of the income tax act. This is also for the reason that proviso inserted u/s 209 (1) of the act by The Finance Act 2012 is with effect from 1/4/2012 and does not apply to assessment year 20…

MI OVERSEAS LTD.,NEW DELHI vs. ADIT, DEHRADUN

In the result ITA number 5584/Del/2013 filed by the assessee for assessment year

ITA 3072/DEL/2012[2009-10]Status: DisposedITAT Dehradun08 Jun 2021AY 2009-10

Bench: Shri Sudhanshu Srivastava & Shri Prashant Maharishi

For Appellant: Shri Ajay Vohra, Sr. AdvFor Respondent: Shri Thakur Singh Mapwal, JCIT DR
Section 263Section 44BSection 9

…[2009] 309 ITR 85 (Uttarakhand), while drawing support from CIT v. Sedco Forex International Drilling Co. Ltd. [2003] 264 ITR 320 (Uttaranchal), CIT v. Halliburton Offshore Services Inc. [2004] 271 ITR 395 (Uttaranchal), CIT v. Madras Fertilizers Ltd. [1984] 149 ITR 703 (Mad) and CIT v. Ranoli Investment P. Ltd. [1999] 235 ITR 433 (Guj). Thus for assessment year 2006 – 07, the assessee cannot be subjected to interest u/s 234B of the income tax act. This is also for the reason that proviso inserted u/s 209 (1) of the act by The Finance Act 2012 is with effect from 1/4/2012 and does not apply to assessment year 20…

ADIT (IT) 2(2), MUMBAI vs. ZEE TV USA INC, MUMBAI

In the result, appeal by the Revenue is dismissed and Cross Objections are partly allowed

ITA 3161/MUM/2010[2006-07]Status: DisposedITAT Mumbai06 May 2021AY 2006-07

Bench: Shri Pramod Kumar, Vice- & Shri Vikas Awasthyआअसं. 3161/मुं/2010 ("न.व. 2006-07) The Adit(It)-2(2), Room No.116, 1St Floor, Scindia House, Ballard Estate, N.M. Road, Mumbai 400 038 ...... अपीलाथ" /Appellant बनाम Vs. M/S. Zee Tv Usa Inc., C/O. Mgb & Co Jolly Bhavan 2, 1St Floor, New Marine Lines, Mumbai 400 020 Pan: Aaacf1291K ..... ""तवाद"/Respondent C.O. No.15/Mum/2011 (Arising Out Of Ita No.3161/Mum/2010-A.Y. 2006-07) M/S. Zee Tv Usa Inc., C/O. Mgb & Co Jolly Bhavan 2, 1St Floor, New Marine Lines, Mumbai 400 020 Pan: Aaacf1291K ...... Cross Objector Vs. The Adit(It)-2(2), Room No.116, 1St Floor, Scindia House, Ballard Estate, N.M. Road, Mumbai 400 038 ...... Appellant In Appeal Assessee By : S/Shri Niraj Seth & Jay Bhanshali Revenue By : Shri Vijay Kumar Subramaniyam सुनवाई क" "त"थ/ Date Of Hearing : 11/02/2021 घोषणा क" "त"थ/ Date Of Pronouncement : 06/05/2021

For Appellant: S/Shri NiraJ Seth and Jay BhanshaliFor Respondent: Shri Vijay Kumar Subramaniyam
Section 234B

…आयकर अपील"य अ"धकरण मुंबई पीठ “आई”, मुंबई "ी "मोद कुमार, उपा"य" एवं "ी "वकास अव"थी, "या"यक सद"य के सम" IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “I”, MUMBAI BEFORE SHRI PRAMOD KUMAR, VICE-PRESIDENT & SHRI VIKAS AWASTHY, JUDICIAL MEMBER आअसं. 3161/मुं/2010 ("न.व. 2006-07) The ADIT(IT)-2(2), Room No.116, 1st Floor, Scindia House, Ballard Estate, N.M. Road, Mumbai 400 038 ...... अपीलाथ" /Appellant बनाम Vs. M/s. Zee TV USA Inc., C/o. MGB & Co Jolly Bhavan 2, 1st Floor, New Marine Lines, Mumbai 400 020 PAN: AAACF1291K ..... ""तवाद"/Respondent C.O. NO.15/MUM/2011 (Arising out of ITA NO.3161/MUM/2010-A.Y. 200…

RACKSPACE US, INC.,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX(INTERNATIONAL TAXATION)-4(1)(1), MUMBAI

In the result, the appeal filed by the assessee is hereby ordered to be allowed

ITA 5250/MUM/2019[2016-17]Status: DisposedITAT Mumbai29 Jan 2021AY 2016-17
Section 143(2)Section 143(3)Section 147Section 148Section 234BSection 9Section 9(1)(vi)Section 9(1)(vii)

…rector of IT (International Taxation) v. Morgan Guarantee International Finance Corporation, by applying the ratio of that judgment. 7. Our attention is also invited to the judgment of the Madras High Court in the case of CIT v. Madras Fertilisers Ltd. [1984] 149 ITR 703 (Mad), where the Madras High Court took the view that the amount of tax deductible at source is to be taken into consideration to determine the liability to pay the interest under s. 215. In that case, the assessee had not paid advance tax on interest income. The payer of interest had not deducted the tax. The learned Bench of the Madras High Cou…

RACKSPACE US, INC.,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX(INTERNATIONAL TAXATION)-4(1)(1), MUMBAI

In the result, the appeal filed by the assessee is hereby ordered to be allowed

ITA 5249/MUM/2019[2011-12]Status: DisposedITAT Mumbai29 Jan 2021AY 2011-12
Section 143(3)Section 234ASection 234BSection 234CSection 9Section 9(1)(vii)

…rector of IT (International Taxation) v. Morgan Guarantee International Finance Corporation, by applying the ratio of that judgment. 7. Our attention is also invited to the judgment of the Madras High Court in the case of CIT v. Madras Fertilisers Ltd. [1984] 149 ITR 703 (Mad), where the Madras High Court took the view that the amount of tax deductible at source is to be taken into consideration to determine the liability to pay the interest under s. 215. In that case, the assessee had not paid advance tax on interest income. The payer of interest had not deducted the tax. The learned Bench of the Madras High Cou…

HAPAG LLOYD AG ,MUMBAI vs. DCIT (IT) RANGE-2 (2) (2), MUMBAI

Appeal are disposed off in the same terms

ITA 5898/MUM/2019[2016-17]Status: DisposedITAT Mumbai31 Jan 2020AY 2016-17

Bench: Shri Pramod Kumar & Shri Ravish Soodita No. 218/Mum/2020 (Assessment Year: 2016-17)

For Appellant: Shri Nishant Thakkar &For Respondent: Shri Sanjay Singh, CIT,D.R
Section 143(3)Section 154Section 234BSection 271Section 271(1)(c)Section 44B

…ctor of IT (International Taxation) vs. Morgan Guarantee International Finance Corporation, by applying the ratio of that judgment. 7. Our attention is also invited to the judgment of the Madras High Court in the case of CIT vs. Madras Fertilisers Ltd. (1984) 149 ITR 703 (Mad), where the Madras High Court took the view that the amount of tax deductible at source is to be taken into consideration to determine the liability to pay the interest under s. 215. In that case, the assessee had not paid advance tax on interest income. The payer of interest had not deducted the tax. The learned Bench of the Madras High Cou…

DEPUTY COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION) - 2(1)(1), MUMBAI vs. CITIBANK OVERSEAS INVESTMENT CORPORATION, MUMBAI

In the result, appeal of the assessee is partly allowed as indicated above, the appeal of the revenue and cross objection of the assessee are dismissed

ITA 34/MUM/2018[2012-13]Status: DisposedITAT Mumbai10 Jan 2020AY 2012-13

Bench: Shri C.N. Prasad, Hon'Ble & Shri Manoj Kumar Aggarwal, Hon'Blecitibank Overseas Investment Corporation V. Dy. Cit (International Taxation) – 2(1)(1) C/O Deloitte Haskins & Sells Llp Room No. 1713, 17Th Floor 30 Floor, Tower 3 Air India Building India Bulls Finance Centre Nariman Point, Mumbai – 400 021 Senapati Bapat Marg Elphinstone Road (West) Mumbai – 400 013 Pan: Aabcc5333N (Appellant) (Respondent) Dy. Cit (International Taxation) – 2(1)(1) V. Citibank Overseas Investment Room No. 1713, 17Th Floor Corporation Air India Building C/O Deloitte Haskins & Sells Llp 30 Floor, Tower 3 Nariman Point, Mumbai – 400 021 India Bulls Finance Centre Senapati Bapat Marg Elphinstone Road (West) Mumbai – 400 013 Pan: Aabcc5333N (Appellant) (Respondent)

For Appellant: Shri P.J. Pardiwala &For Respondent: Shri Avaneesh Tiwari
Section 143(3)Section 234BSection 234CSection 244A

…ernational Finance Corporation, by applying the ratio of that judgment. 7. Our attention is also invited to the judgment of the Madras High Court, in the case of Commissioner of Income-Tax, Tamil Nadu- I, Madras v/s Madras Fertilisers Ltd., reported in (1984) 149 ITR 703, where the Madras High Court took the view that the amount of tax deductible at source is to be taken into consideration to determine the liability to pay the interest under Section 215. In that case, the assessee had not paid advance tax on interest income. The payer of interest had not deducted the tax. The learned Bench of the Madras High Cour…

CITIBANK OVERSEAS INVESTMENT CORPORATION,MUMBAI vs. DEPUTY COMMISSIONER OF INCOME TAX (INTERNATIONAL TAXATION) - 2(1)(1), MUMBAI

In the result, appeal of the assessee is partly allowed as indicated above, the appeal of the revenue and cross objection of the assessee are dismissed

ITA 276/MUM/2018[2012-13]Status: DisposedITAT Mumbai10 Jan 2020AY 2012-13

Bench: Shri C.N. Prasad, Hon'Ble & Shri Manoj Kumar Aggarwal, Hon'Blecitibank Overseas Investment Corporation V. Dy. Cit (International Taxation) – 2(1)(1) C/O Deloitte Haskins & Sells Llp Room No. 1713, 17Th Floor 30 Floor, Tower 3 Air India Building India Bulls Finance Centre Nariman Point, Mumbai – 400 021 Senapati Bapat Marg Elphinstone Road (West) Mumbai – 400 013 Pan: Aabcc5333N (Appellant) (Respondent) Dy. Cit (International Taxation) – 2(1)(1) V. Citibank Overseas Investment Room No. 1713, 17Th Floor Corporation Air India Building C/O Deloitte Haskins & Sells Llp 30 Floor, Tower 3 Nariman Point, Mumbai – 400 021 India Bulls Finance Centre Senapati Bapat Marg Elphinstone Road (West) Mumbai – 400 013 Pan: Aabcc5333N (Appellant) (Respondent)

For Appellant: Shri P.J. Pardiwala &For Respondent: Shri Avaneesh Tiwari
Section 143(3)Section 234BSection 234CSection 244A

…ernational Finance Corporation, by applying the ratio of that judgment. 7. Our attention is also invited to the judgment of the Madras High Court, in the case of Commissioner of Income-Tax, Tamil Nadu- I, Madras v/s Madras Fertilisers Ltd., reported in (1984) 149 ITR 703, where the Madras High Court took the view that the amount of tax deductible at source is to be taken into consideration to determine the liability to pay the interest under Section 215. In that case, the assessee had not paid advance tax on interest income. The payer of interest had not deducted the tax. The learned Bench of the Madras High Cour…

VERIZON COMMUNICATIONS SINGAPORE PTE LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeal for the assessment years

ITA 742/CHNY/2016[2012-13]Status: DisposedITAT Chennai12 Dec 2019AY 2012-13

Bench: Shri George Mathan & Shri S.Jayaramanआयकर अपील सं./Ita Nos.752/Chny/2014, 608/Chny/2015, 742/Chny/2016 & 2691/Chny/2016 "नधा"रण वष" /Assessment Years: 2010-11, 2011-12, 2012-13 & 2013-14

For Appellant: Mr.R. Venkatesan, FCAFor Respondent: Mr.M. Srinivasa Rao, C.I.T, D.R
Section 195Section 208Section 234Section 234ASection 234B

…vance tax u/s.208 of the Act and consequently, it cannot be subjected to interest u/s.234B of the Act. In this regard, the assessee relied on the Hon’ble jurisdictional High court’s decision in the case of CIT Vs. Madras Fertilizers Ltd., reported in [1984] 149 ITR 703(Mad). Considering such plea and other declared decisions, this Tribunal in the assessee's own case in ITA Nos.1311/Chny/2006,164/chny/2007,1507/Chny/2010 & 1722/Chny/2011 for assessment years 2002-03,2003-04, 2007-08 & 2008-09 dated 30.11.2016 held that the assessee was not liable for interest u/s.234B of the Act. Therefore, ld.A.R pleaded th…

VERIZON COMMUNICATIONS SINGAPORE PTE. LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeal for the assessment years

ITA 2691/CHNY/2016[2013-14]Status: DisposedITAT Chennai12 Dec 2019AY 2013-14

Bench: Shri George Mathan & Shri S.Jayaramanआयकर अपील सं./Ita Nos.752/Chny/2014, 608/Chny/2015, 742/Chny/2016 & 2691/Chny/2016 "नधा"रण वष" /Assessment Years: 2010-11, 2011-12, 2012-13 & 2013-14

For Appellant: Mr.R. Venkatesan, FCAFor Respondent: Mr.M. Srinivasa Rao, C.I.T, D.R
Section 195Section 208Section 234Section 234ASection 234B

…vance tax u/s.208 of the Act and consequently, it cannot be subjected to interest u/s.234B of the Act. In this regard, the assessee relied on the Hon’ble jurisdictional High court’s decision in the case of CIT Vs. Madras Fertilizers Ltd., reported in [1984] 149 ITR 703(Mad). Considering such plea and other declared decisions, this Tribunal in the assessee's own case in ITA Nos.1311/Chny/2006,164/chny/2007,1507/Chny/2010 & 1722/Chny/2011 for assessment years 2002-03,2003-04, 2007-08 & 2008-09 dated 30.11.2016 held that the assessee was not liable for interest u/s.234B of the Act. Therefore, ld.A.R pleaded th…

VERIZON COMMUNICATIONS SINGAPORE PTE. LTD.,CHENNAI vs. DCIT, CHENNAI

In the result, the assessee’s appeal for the assessment years

ITA 608/CHNY/2015[2011-12]Status: DisposedITAT Chennai12 Dec 2019AY 2011-12

Bench: Shri George Mathan & Shri S.Jayaramanआयकर अपील सं./Ita Nos.752/Chny/2014, 608/Chny/2015, 742/Chny/2016 & 2691/Chny/2016 "नधा"रण वष" /Assessment Years: 2010-11, 2011-12, 2012-13 & 2013-14

For Appellant: Mr.R. Venkatesan, FCAFor Respondent: Mr.M. Srinivasa Rao, C.I.T, D.R
Section 195Section 208Section 234Section 234ASection 234B

…vance tax u/s.208 of the Act and consequently, it cannot be subjected to interest u/s.234B of the Act. In this regard, the assessee relied on the Hon’ble jurisdictional High court’s decision in the case of CIT Vs. Madras Fertilizers Ltd., reported in [1984] 149 ITR 703(Mad). Considering such plea and other declared decisions, this Tribunal in the assessee's own case in ITA Nos.1311/Chny/2006,164/chny/2007,1507/Chny/2010 & 1722/Chny/2011 for assessment years 2002-03,2003-04, 2007-08 & 2008-09 dated 30.11.2016 held that the assessee was not liable for interest u/s.234B of the Act. Therefore, ld.A.R pleaded th…

VERIZON COMMUNICATIONS SINGAPORE PTE LTD.,CHENNAI vs. ADDL. DIT, CHENNAI

In the result, the assessee’s appeal for the assessment years

ITA 752/CHNY/2014[2010-11]Status: DisposedITAT Chennai12 Dec 2019AY 2010-11

Bench: Shri George Mathan & Shri S.Jayaramanआयकर अपील सं./Ita Nos.752/Chny/2014, 608/Chny/2015, 742/Chny/2016 & 2691/Chny/2016 "नधा"रण वष" /Assessment Years: 2010-11, 2011-12, 2012-13 & 2013-14

For Appellant: Mr.R. Venkatesan, FCAFor Respondent: Mr.M. Srinivasa Rao, C.I.T, D.R
Section 195Section 208Section 234Section 234ASection 234B

…vance tax u/s.208 of the Act and consequently, it cannot be subjected to interest u/s.234B of the Act. In this regard, the assessee relied on the Hon’ble jurisdictional High court’s decision in the case of CIT Vs. Madras Fertilizers Ltd., reported in [1984] 149 ITR 703(Mad). Considering such plea and other declared decisions, this Tribunal in the assessee's own case in ITA Nos.1311/Chny/2006,164/chny/2007,1507/Chny/2010 & 1722/Chny/2011 for assessment years 2002-03,2003-04, 2007-08 & 2008-09 dated 30.11.2016 held that the assessee was not liable for interest u/s.234B of the Act. Therefore, ld.A.R pleaded th…

RACKSPACE , US INC.,USA vs. DCIT (IT) -4(1)(1), MUMBAI

In the result, the appeal filed by the assessee is hereby ordered to be allowed

ITA 6195/MUM/2018[2010-11]Status: DisposedITAT Mumbai28 Nov 2019AY 2010-11

Bench: Shri M. Balaganesh, Am & Shri Amarjit Singh, Jm आयकर अपील सं/ I.T. A Nos.6195 & 4920/Mum/2018 (निर्धारण वर्ा / Assessment Years: 2010-11 & 2015-16) Rackspace, Us Inc बिधम/ Dcit, (International 1 Fanatical Place, Winderest, Taxation)-4(1)(1), Mumbai Vs. Taxas, Usa Room No.1712, 17Th Floor, C/O Deloitte Haskins & Sells Air India Building, Nariman Llp, Indiabulls Finance Point, Mumbai-400021. Centre, Tower-3, 27Th- 32Nd Floor, Senapati Bapat Marg, Elphinstone Road (W), Mumbai-400013. स्थायी लेखा सं./जीआइआर सं./Pan/Gir No. : Aaecr7201H (अपीलाथी /Appellant) (प्रत्यथी / Respondent) .. Assessee By: Shri Nitesh Joshi/Milin Thakore Revenue By: Ms. Neha Thakur (Sr. Dr) सुनवाई की तारीख / Date Of Hearing: 10/10/2019 घोषणा की तारीख /Date Of Pronouncement: 28/11/2019 आदेश / O R D E R Per Amarjit Singh, Jm: The Assessee Has Filed The Above Mentioned Appeals Against The Direction Of The Disputes Resolution Panel -2, Mumbai Dated 27.06.2018. The Assessment Was Framed By The Dcit (International Tax)- Circle 4(1)(1), Mumbai For The Relevant A.Ys. 2010-11 & 2015- 16 U/S 144C(6) R.W.S. 143(3) Of The I. T. Act. (Hereinafter ‘The Act’).

For Appellant: Shri Nitesh Joshi/Milin ThakoreFor Respondent: Ms. Neha Thakur (Sr. DR)
Section 144C(6)Section 195Section 234Section 234BSection 9

…rector of IT (International Taxation) v. Morgan Guarantee International Finance Corporation, by applying the ratio of that judgment. 7. Our attention is also invited to the judgment of the Madras High Court in the case of CIT v. Madras Fertilisers Ltd. [1984] 149 ITR 703 (Mad), where the Madras High Court took the view that the amount of tax deductible at source is to be taken into consideration to determine the liability to pay the interest under s. 215. In that case, the assessee had not paid advance tax on interest income. The payer of interest had not deducted the tax. The learned Bench of the Madras High Cou…

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