https://www.taxtmi.com/caselaws?id=380433 The Tribunal held that the Double Taxation Avoidance Agreement (DTAA) prevails over Section 206AA(1) of the Income Tax Act, 1961. It emphasized that in cases of payments to non-residents, the tax rate under DTAA should apply, being more beneficial to the assessee than the 20% rate mandated by Section 206AA. The Tribunal dismissed the Revenue's appeals, directing the deletion of tax demand based on the DTAA's favorable tax rate. en-us Fri, 17 May 2019 00:00:00 +0530 Mon, 20 May 2019 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380433 The Tribunal held that the Double Taxation Avoidance Agreement (DTAA) prevails over Section 206AA(1) of the Income Tax Act, 1961. It emphasized that in cases of payments to non-residents, the tax rate under DTAA should apply, being more beneficial to the assessee than the 20% rate mandated by Section 206AA. The Tribunal dismissed the Revenue's appeals, directing the deletion of tax demand based on the DTAA's favorable tax rate. Case-Laws Income Tax Fri, 17 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380433