Advances not income aren't taxed at source u/s 195; refunds for deducted tax shouldn't be denied.

Grant of credit for tax deducted at source u/s 195 and surcharge - Tribunal was right in holding that the advances which are once held to be not income, could not have been subjected to tax at source u/s 195 of the Act. - Tribunal was right in concluding that the refund or grant of credit of such tax deducted at source, could not be denied. - HC .....

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