The Pr.Commissioner of Income Tax - (International Taxation) -1 v. Ge Engine Services Mcallen Lp
Case brief
What is this about?
This judgment disposed of appeals levying interest under Section 234-B of the Income Tax Act 1961. Relying on a prior ruling by this Court in Director of Income-Tax (International Taxation) vs. GE Packaged Power Inc. (2015), the Court held that the ITAT did not err. Appeals were dismissed subject to binding by a pending Supreme Court ruling on the same question of law.
What did the court decide?
The appeals filed against orders making the assessee liable to pay interest under Section 234-B are dismissed subject to Supreme Court ruling.