https://www.taxtmi.com/caselaws?id=76857 The court quashed the impugned order rejecting the petitioner's application for a nil withholding certificate under section 195(3) of the Income-tax Act, 1961. It directed the Assessing Officer to issue a fresh order, emphasizing that the denial was unfounded, failed to consider past compliance, and disregarded the legal implications of Mutual Agreement Procedure (MAP) proceedings and the Memorandum of Understanding (MOU) between India and the U.S. The court exercised judicial discretion due to the absence of statutory appeal, highlighting the serious impact on the petitioner's business operations. en-us Tue, 13 Apr 2010 00:00:00 +0530 Fri, 05 Jul 2013 15:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76857 The court quashed the impugned order rejecting the petitioner's application for a nil withholding certificate under section 195(3) of the Income-tax Act, 1961. It directed the Assessing Officer to issue a fresh order, emphasizing that the denial was unfounded, failed to consider past compliance, and disregarded the legal implications of Mutual Agreement Procedure (MAP) proceedings and the Memorandum of Understanding (MOU) between India and the U.S. The court exercised judicial discretion due to the absence of statutory appeal, highlighting the serious impact on the petitioner's business operations. Case-Laws Income Tax Tue, 13 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76857