Case Fact: Whether any payment to a Non Resident is disallowed if T.D.S. is deducted in one Financial Year and deposited in the next financial year with the Government.
C.I.T. Vs. Nestle India Ltd.
Decision: Held by Delhi High Court that ,as per sction 40(a)(i) of the Income Tax Act only that interest or royality is deducted and deposited within time as prescribed in Section 200(1)disallowed if T.D.S. is not of the Income Tax Act.