Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2014 (12) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (12) TMI 854 - HC - Income TaxIssuance of certificate for deduction at lower rate u/s 197 for FY 2014-15 - Held that:- Assessee claimed that the rate of tax deducted at source insofar as their receipts are concerned should be Nil, whereas, the AO has directed that TDS be deducted at the rate of 5.5 per cent, which, although is a lower rate than prescribed, is not the Nil rate desired by the assessee – revenue seems to have added up the tax liabilities of the previous three years, whereas, in fact, according to the assessee, two out of the three years’ liability has already been deleted in appeal and in respect of the third year also an appeal is pending on the same ground and is likely to be deleted - since the assessee is entitled to file a revised application u/s 197 within one week – Decided in favour of assessee.
|