https://www.taxtmi.com/caselaws?id=410606 The court quashed the respondent's decision to withhold TDS at 1% for the petitioner, a UK-based foreign company, for the Assessment Year 2022-23. The court found the respondent's order non-compliant with Rule 28AA of the Income Tax Rules and directed issuance of a fresh order in accordance with the law. Until then, the petitioner's TDS rate would remain at 0.01%. The court emphasized adherence to rules and standards, rejecting the respondent's argument on the availability of an alternate remedy. No costs were awarded, and the order was to be uploaded on the website and sent to the counsels via email. en-us Thu, 29 Jul 2021 00:00:00 +0530 Thu, 05 Aug 2021 08:45:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410606 The court quashed the respondent's decision to withhold TDS at 1% for the petitioner, a UK-based foreign company, for the Assessment Year 2022-23. The court found the respondent's order non-compliant with Rule 28AA of the Income Tax Rules and directed issuance of a fresh order in accordance with the law. Until then, the petitioner's TDS rate would remain at 0.01%. The court emphasized adherence to rules and standards, rejecting the respondent's argument on the availability of an alternate remedy. No costs were awarded, and the order was to be uploaded on the website and sent to the counsels via email. Case-Laws Income Tax Thu, 29 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410606