https://www.taxtmi.com/caselaws?id=11955 The court dismissed the writ petition challenging the cancellation of a tax deduction certificate under section 197(1) of the Income-tax Act. The petitioner, a foreign company, alleged illegality and non-compliance with natural justice principles. The court held that the cancellation's legality should not be based on the assessment order's merits and that the petitioner was not prejudiced as the final tax liability would be determined in assessment proceedings. The court emphasized that the withdrawal of the certificate did not determine the tax liability conclusively and that any excess tax paid would be refunded if liable for a lower rate later. en-us Thu, 13 Mar 2003 00:00:00 +0530 Sat, 13 Feb 2010 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11955 The court dismissed the writ petition challenging the cancellation of a tax deduction certificate under section 197(1) of the Income-tax Act. The petitioner, a foreign company, alleged illegality and non-compliance with natural justice principles. The court held that the cancellation's legality should not be based on the assessment order's merits and that the petitioner was not prejudiced as the final tax liability would be determined in assessment proceedings. The court emphasized that the withdrawal of the certificate did not determine the tax liability conclusively and that any excess tax paid would be refunded if liable for a lower rate later. Case-Laws Income Tax Thu, 13 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11955