https://www.taxtmi.com/caselaws?id=347350 The Tribunal upheld the CIT(A)'s decision, ruling that section 206AA of the I.T. Act does not override the beneficial provisions of section 90(2) of the Act. The Tribunal emphasized that the subsequent obtaining of PAN by the deductee absolves the assessee from the higher tax rate under section 206AA, and the income should be taxed at the lower rate of 10% as per the DTAA. The Tribunal directed the AO to refund the excess tax deducted, dismissing the Revenue's appeal. en-us Fri, 14 Jul 2017 00:00:00 +0530 Sat, 02 Sep 2017 21:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347350 The Tribunal upheld the CIT(A)'s decision, ruling that section 206AA of the I.T. Act does not override the beneficial provisions of section 90(2) of the Act. The Tribunal emphasized that the subsequent obtaining of PAN by the deductee absolves the assessee from the higher tax rate under section 206AA, and the income should be taxed at the lower rate of 10% as per the DTAA. The Tribunal directed the AO to refund the excess tax deducted, dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 14 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347350