https://www.taxtmi.com/caselaws?id=264124 The Tribunal affirmed that the benefit of Double Taxation Avoidance Agreement (DTAA) should prevail over the higher Tax Deducted at Source (TDS) rate under Section 206AA. It held that non-resident recipients eligible for DTAA benefits should not face a higher TDS rate. The Tribunal also upheld the deletion of interest levied under Section 200A(1)(b) for short deduction of tax and ruled that the Assessing Officer exceeded jurisdiction under Section 200A by making adjustments based on the 20% TDS rate without considering DTAA provisions. The revenue's appeals were dismissed, and the assessee's cross objections were allowed. en-us Mon, 29 Jun 2015 00:00:00 +0530 Sat, 26 Sep 2015 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264124 The Tribunal affirmed that the benefit of Double Taxation Avoidance Agreement (DTAA) should prevail over the higher Tax Deducted at Source (TDS) rate under Section 206AA. It held that non-resident recipients eligible for DTAA benefits should not face a higher TDS rate. The Tribunal also upheld the deletion of interest levied under Section 200A(1)(b) for short deduction of tax and ruled that the Assessing Officer exceeded jurisdiction under Section 200A by making adjustments based on the 20% TDS rate without considering DTAA provisions. The revenue's appeals were dismissed, and the assessee's cross objections were allowed. Case-Laws Income Tax Mon, 29 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264124