Next Gen Films isn’t the PE of a UK based non-resident Corporate entity, No demand of Interest can be made for delay in payment of TDS/TCS: ITAT

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the Assessee, Next Gen Films Pvt. Ltd. is not the Permanent Establishment (PE) of a UK based non-resident corporate entity and so no demand of interest can be made for delay in payment of TDS/TCS under Section 201(1) and 201(1A) of the Income Tax Act […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2DQ3q65