https://www.taxtmi.com/caselaws?id=377234 The High Court granted interim relief in a case involving the interpretation of Section 195 of the Income Tax Act, 1961. The Court stayed further proceedings under Sections 201 and 201(1A) against the US-based petitioner, directing them to maintain a specified sum in an escrow account for potential tax deduction requirements. The case was adjourned for a later hearing to allow for written submissions and relevant judgments, aiming to prevent multiple legal actions and safeguard the interests of both parties. The temporary relief was provided pending the final resolution of the Writ Petition challenging tax deduction obligations for payments to non-residents. en-us Fri, 22 Mar 2019 00:00:00 +0530 Tue, 26 Mar 2019 06:39:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377234 The High Court granted interim relief in a case involving the interpretation of Section 195 of the Income Tax Act, 1961. The Court stayed further proceedings under Sections 201 and 201(1A) against the US-based petitioner, directing them to maintain a specified sum in an escrow account for potential tax deduction requirements. The case was adjourned for a later hearing to allow for written submissions and relevant judgments, aiming to prevent multiple legal actions and safeguard the interests of both parties. The temporary relief was provided pending the final resolution of the Writ Petition challenging tax deduction obligations for payments to non-residents. Case-Laws Income Tax Fri, 22 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377234