https://www.taxtmi.com/caselaws?id=337163 The Court dismissed the appeals challenging the Tribunal's decision on TDS deduction for deemed dividend payments under the Income Tax Act. It held that tax is not required to be deducted at source under Section 194 for such payments to a concern with a substantial interest. The decision was based on the interpretation of relevant provisions and legal precedents, emphasizing the limitations of the deeming provisions. The Court's ruling clarified the tax liability on deemed dividends and the application of TDS provisions, providing guidance for future cases. en-us Wed, 23 Nov 2016 00:00:00 +0530 Tue, 03 Jan 2017 23:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337163 The Court dismissed the appeals challenging the Tribunal's decision on TDS deduction for deemed dividend payments under the Income Tax Act. It held that tax is not required to be deducted at source under Section 194 for such payments to a concern with a substantial interest. The decision was based on the interpretation of relevant provisions and legal precedents, emphasizing the limitations of the deeming provisions. The Court's ruling clarified the tax liability on deemed dividends and the application of TDS provisions, providing guidance for future cases. Case-Laws Income Tax Wed, 23 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337163