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Director Of Income Tax vs M/S Jacabs Civil Incorporated on 30 August, 2010

In nutshell , we are not impressed by the arguments of the ld. DR that the instant case is not covered by the aforesaid decision of Hon'ble jurisdictional High Court in Jacabs Civil Incorporated (supra), followed by the ld. CIT(A).In view of the foregoing, especially when the tax was deductible at source from the entire income of these two assessees in terms of provisions of sec. 195(1) of the Act, in the light of view taken in the aforesaid decisions cited on behalf of these assessees, including the view taken by the Honb'le Bombay High Court in NGC Network Asia LLC(supra) and the Hon'ble Jurisdictional High Court in their aforesaid decision in Jacabs Civil Incorporated (supra) , we are of the opinion that these assessees are not liable to pay any interest u/s 234B of the Act. Consequently, we do not find any infirmity in the findings of the ld. CIT(A) and therefore, ground no.1 in these nine appeals is dismissed.
Delhi High Court Cites 30 - Cited by 43 - A K Sikri - Full Document
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