https://www.taxtmi.com/caselaws?id=385493 The Tribunal upheld that the Double Taxation Avoidance Agreement (DTAA) provisions prevail over Section 206AA of the Income-tax Act, 1961. The tax rate of 10% under the DTAA between India and Japan applied to payments made to a non-resident entity, overriding the higher 20% rate mandated by Section 206AA due to the absence of a PAN. The Tribunal's decision aligned with established jurisprudence, emphasizing the supremacy of DTAA provisions in cases benefiting the assessee. The Revenue's appeal was dismissed, affirming the application of the DTAA rate and rejecting the higher rate under Section 206AA. en-us Wed, 04 Sep 2019 00:00:00 +0530 Thu, 05 Sep 2019 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385493 The Tribunal upheld that the Double Taxation Avoidance Agreement (DTAA) provisions prevail over Section 206AA of the Income-tax Act, 1961. The tax rate of 10% under the DTAA between India and Japan applied to payments made to a non-resident entity, overriding the higher 20% rate mandated by Section 206AA due to the absence of a PAN. The Tribunal's decision aligned with established jurisprudence, emphasizing the supremacy of DTAA provisions in cases benefiting the assessee. The Revenue's appeal was dismissed, affirming the application of the DTAA rate and rejecting the higher rate under Section 206AA. Case-Laws Income Tax Wed, 04 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385493