AO cannot use Pending Income Tax Demand to summarily dismiss TDS Application u/s 197: Patna High Court [Read Order]
The satisfaction to be recorded under Section 197 is clearly with respect to the total income of the recipient for the subject assessment year, where the deduction is claimed at a NIL rate for the interest income earned from the fixed deposits in banks
By Navasree A.M - On October 5, 2024 5:03 pm - 2 mins read
The Patna High Court has ruled that a pending income tax demand cannot be used by the Assessing Officer (AO) as the sole basis to summarily reject an application for lower or nil deduction of tax at source ( TDS ) under Section 197 of the Income Tax Act, 1961. Chief Justice K. Vinod Chandran…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
