https://www.taxtmi.com/caselaws?id=407074 The Tribunal ruled in favor of the appellant, M/s. Air India Limited, in a case concerning short deduction of tax for different quarters of FY 2012-13 and the applicability of Section 206AA versus the DTAA provisions between India and the Netherlands. The Tribunal held that the appellant was entitled to the beneficial provisions of the DTAA, which prescribed a lower tax rate of 10%, overriding the higher rate mandated by Section 206AA. As a result, the demands for short deduction of tax and interest were deemed unjustified, and all appeals filed by the appellant were allowed. en-us Fri, 23 Apr 2021 00:00:00 +0530 Fri, 30 Apr 2021 08:24:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407074 The Tribunal ruled in favor of the appellant, M/s. Air India Limited, in a case concerning short deduction of tax for different quarters of FY 2012-13 and the applicability of Section 206AA versus the DTAA provisions between India and the Netherlands. The Tribunal held that the appellant was entitled to the beneficial provisions of the DTAA, which prescribed a lower tax rate of 10%, overriding the higher rate mandated by Section 206AA. As a result, the demands for short deduction of tax and interest were deemed unjustified, and all appeals filed by the appellant were allowed. Case-Laws Income Tax Fri, 23 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407074