https://www.taxtmi.com/caselaws?id=366345 The court upheld the applicability of the grossing up principle under Section 195A of the Income Tax Act, rejecting the argument that the Double Taxation Avoidance Agreement (DTAA) between India and the UK overrides this provision. It also confirmed the levy of interest under Section 201(1A) for short deduction of tax. The court clarified that the DTAA sets the tax rate but does not dictate the computation method, which must follow the Income Tax Act. Additionally, the court denied the admissibility of new substantial legal questions raised post-appeal admission, emphasizing the importance of timely and comprehensive presentation of legal issues. en-us Fri, 24 Aug 2018 00:00:00 +0530 Thu, 09 May 2019 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366345 The court upheld the applicability of the grossing up principle under Section 195A of the Income Tax Act, rejecting the argument that the Double Taxation Avoidance Agreement (DTAA) between India and the UK overrides this provision. It also confirmed the levy of interest under Section 201(1A) for short deduction of tax. The court clarified that the DTAA sets the tax rate but does not dictate the computation method, which must follow the Income Tax Act. Additionally, the court denied the admissibility of new substantial legal questions raised post-appeal admission, emphasizing the importance of timely and comprehensive presentation of legal issues. Case-Laws Income Tax Fri, 24 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366345