https://www.taxtmi.com/caselaws?id=338809 The Tribunal held that certificates under Section 197(1) of the Income Tax Act are "person specific" and not "amount specific." Thus, the Assessee was correct in applying the lower tax deduction rate to the entire interest payments. The Tribunal found the levy of interest under Section 201(1A) unjustified due to the misinterpretation of the certificate, directing its deletion. As a result, both appeals by the Assessee were allowed. en-us Fri, 03 Feb 2017 00:00:00 +0530 Sat, 11 Feb 2017 10:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338809 The Tribunal held that certificates under Section 197(1) of the Income Tax Act are "person specific" and not "amount specific." Thus, the Assessee was correct in applying the lower tax deduction rate to the entire interest payments. The Tribunal found the levy of interest under Section 201(1A) unjustified due to the misinterpretation of the certificate, directing its deletion. As a result, both appeals by the Assessee were allowed. Case-Laws Income Tax Fri, 03 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338809