1.    M/S KIRTILAL KALIDAS DIAMOND EXPORTS (Bombay High Court)

Question sought to be raised revolves around deduction of tax under section 195(1) of the Income Tax Act, 1961 as no income accrued to the non-resident of India where services were rendered out of India and payment was made out of India.

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2.  M/S.ZANDU PHARMACEUTICALS WORKS LIMITED (Bombay High Court)

Works surrender retraction: Revenue's argument that assessee surrender estopped revenue from probing further rejected: ITAT order affirmed.

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