Case Law Details
Court: Mumbai bench of the Income-tax Appellate Tribunal
Citation: ACIT Vs. Monitor India Pvt. Ltd. [2010-TII-138-ITAT-MUM-INTL] (Judgment date- 8 October 2010, Assessment Year 1999- 2000)
Brief : Recently, the Mumbai bench of the Income-tax Appellate Tribunal (the Tribunal) in the case of ACIT v. Monitor India Pvt. Ltd [2010-TII-138-ITAT-MUM-INTL] (Judgment date – 8 October 2010, Assessment Year 1999-2000).held that the taxpayer is under no obligation to approach the Assessing Officer and is entitled to remit monies abroad without deduction of tax at source if it is of the opinion that the remittance was wholly exempt from Indian taxes.
Facts of the case
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please give the rate of deduction u/s 80-c whether rs 100000or 120000 .kindly confirm