https://www.taxtmi.com/caselaws?id=401774 The Court ruled in favor of the Petitioner, a foreign company operating aircraft in international traffic, regarding the issuance of a lower withholding certificate under Section 197(1) of the Income Tax Act, 1961. The Court declared that the withholding tax certificates should be effective from the beginning of the financial year, i.e., 1st April, 2019, for FY 2019-20. The Petitioner faced technical constraints and procedural challenges in the TRACES system but ultimately obtained relief as the Court acknowledged their difficulties and ordered the certificates to be effective from the requested date. en-us Thu, 03 Dec 2020 00:00:00 +0530 Wed, 16 Dec 2020 11:51:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401774 The Court ruled in favor of the Petitioner, a foreign company operating aircraft in international traffic, regarding the issuance of a lower withholding certificate under Section 197(1) of the Income Tax Act, 1961. The Court declared that the withholding tax certificates should be effective from the beginning of the financial year, i.e., 1st April, 2019, for FY 2019-20. The Petitioner faced technical constraints and procedural challenges in the TRACES system but ultimately obtained relief as the Court acknowledged their difficulties and ordered the certificates to be effective from the requested date. Case-Laws Income Tax Thu, 03 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401774