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of <h1>Delhi High Court: Lower Tax Deduction Approved for Petitioner</h1> <h3>Link Quest Telecom Ltd Versus The Commissioner Of Income Tax And Anr.</h3> The High Court of Delhi allowed lower tax deduction at source for the petitioner for the financial year 2019-20 under Section 264(7) of the Income Tax ... Lower tax deduction at source - HELD THAT:- Petitioner/assessee in its original application at 1% has been allowed for the balance part of the financial year 2019-20. Assessee has also been granted permission to adjust excess amount of TDS deducted between 21st July, 2019 to the date of the said order for future payments in terms of the directions of this Court. This order dated 4th December, 2019 satisfies the concerns of the petitioner. As submitted that there are certain aspects which would need to be examined at the stage of carrying out the assessment for the assessment year 2020-21. In this regard, he has tendered in Court an additional submission. We have no doubt that the respondents will examine the said aspects as and when the occasion arises. The High Court of Delhi passed an order under Section 264(7) of the Income Tax Act on December 4, 2019, allowing lower tax deduction at source for the petitioner for the financial year 2019-20. The excess TDS deducted can be adjusted for future payments. The respondents will examine certain aspects during the assessment for the year 2020-21. The petition and application have been disposed of.
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