https://www.taxtmi.com/caselaws?id=17849 The Supreme Court stayed cases challenging the constitutional validity of Section 206C of the Income-tax Act, 1961. Despite the pending challenge, Parliament deleted Section 44AC and amended Section 206C, maintaining the tax collection scheme. The court refrained from ruling on the validity but clarified that only income tax at 15% could be collected, not a surcharge. The court restrained the collection of a 10% surcharge from non-domestic companies, allowing the petition in part. Contractors were directed to deposit income tax as per the agreement but exempted from the surcharge, pending the final Supreme Court decision. en-us Tue, 13 Feb 1996 00:00:00 +0530 Fri, 25 Sep 2009 12:07:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17849 The Supreme Court stayed cases challenging the constitutional validity of Section 206C of the Income-tax Act, 1961. Despite the pending challenge, Parliament deleted Section 44AC and amended Section 206C, maintaining the tax collection scheme. The court refrained from ruling on the validity but clarified that only income tax at 15% could be collected, not a surcharge. The court restrained the collection of a 10% surcharge from non-domestic companies, allowing the petition in part. Contractors were directed to deposit income tax as per the agreement but exempted from the surcharge, pending the final Supreme Court decision. Case-Laws Income Tax Tue, 13 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17849