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Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Learn MoreA voluntary organisation established on 6th July 1949, BCAS has presently more than 9,000 members from all over the country. BCAS is a principle-centered and learning-oriented organisation promoting quality service and excellence in the profession of Chartered Accountancy.
Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Learn MoreLorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
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The Taxpayer, an Indian company, was engaged in the business of publishing magazines. During the relevant year, the Taxpayer had made payments to non-residents (one located in Singapore and another located in UK) for procuring images and figures for publication in its magazines. The Taxpayer was downloading the images from the websites of the two non-residents and was required to make payment for each of such downloads. The Taxpayer had the right of one time use of the image in its own magazines. Since the Taxpayer did not withhold tax from the payments, the AO invoked the provisions of section 40(a)(i) of the Act and disallowed the payment. In appeal, CIT(A) upheld the order of the AO.
Held