Infrastructure-development deduction remains available to EPC contractors when substantive statutory conditions outweigh contractor labels in agreemen...
Explained Investment Sources: documented gifts and traceable salary savings supported deletion of additions for property and mutual-fund SIP investmen...
Internal comparable pricing supports arm's-length interest on compulsorily convertible debentures, preventing their recharacterisation as equity for t...
Nominee director protection shields independent financial-institution appointees from criminal liability where they lack involvement in deposit defaul...
The High Court addressed the validity of a certification issued u/s 197 for FY 2023-24, where a "Nil" withholding tax certificate was sought but a 15% withholding tax rate was prescribed. Since FY 2023-24 has ended, the petition was disposed with liberty to apply u/s 197 for FY 2024-25. Any new application will be reviewed independently. The petitioner may claim benefits as per CBDT Circular if successful. The petitioner retains the right to challenge the impugned order to safeguard its interests. All rights and contentions of parties are preserved.
The High Court addressed the validity of a certification issued u/s 197 for FY 2023-24, where a "Nil" withholding tax certificate was sought but a 15% withholding tax rate was prescribed. Since FY 2023-24 has ended, the petition was disposed with liberty to apply u/s 197 for FY 2024-25. Any new application will be reviewed independently. The petitioner may claim benefits as per CBDT Circular if successful. The petitioner retains the right to challenge the impugned order to safeguard its interests. All rights and contentions of parties are preserved.
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