https://www.taxtmi.com/caselaws?id=391541 The Court quashed the order for 10% tax withholding on payments to the Petitioner, directing the Revenue to reconsider based on the arguments presented. The Petitioner would maintain a 1.5% withholding rate until a new certificate was issued, emphasizing compliance with specified rates and Court directives within a week. The Court highlighted the impermissibility of justifying the 10% rate based on assumed tax liability and interest, citing Rule 28AA limitations on income assessment periods. Previous tax payments and nature of the contract were to be considered in the reassessment. en-us Thu, 23 Jan 2020 00:00:00 +0530 Fri, 31 Jan 2020 11:42:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391541 The Court quashed the order for 10% tax withholding on payments to the Petitioner, directing the Revenue to reconsider based on the arguments presented. The Petitioner would maintain a 1.5% withholding rate until a new certificate was issued, emphasizing compliance with specified rates and Court directives within a week. The Court highlighted the impermissibility of justifying the 10% rate based on assumed tax liability and interest, citing Rule 28AA limitations on income assessment periods. Previous tax payments and nature of the contract were to be considered in the reassessment. Case-Laws Income Tax Thu, 23 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391541