https://www.taxtmi.com/caselaws?id=415293 The High Court ruled in favor of the petitioner, an Indian company, in a challenge to a notice issued under Section 148 of the Income Tax Act for Assessment Years 1996-1997 and 1997-1998. The court held that the petitioner acted in good faith based on a valid "NIL" TDS certificate obtained in 1996, allowing remittances to Reuters UK without tax deduction. Despite allegations of tax evasion and misrepresentation, the court found the certificate compliant with Section 197 of the Act. Referring to an ITAT order, the court concluded that the petitioner was not liable for tax shortfall, rejecting the reopening of assessment. en-us Fri, 26 Nov 2021 00:00:00 +0530 Thu, 02 Dec 2021 08:52:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415293 The High Court ruled in favor of the petitioner, an Indian company, in a challenge to a notice issued under Section 148 of the Income Tax Act for Assessment Years 1996-1997 and 1997-1998. The court held that the petitioner acted in good faith based on a valid "NIL" TDS certificate obtained in 1996, allowing remittances to Reuters UK without tax deduction. Despite allegations of tax evasion and misrepresentation, the court found the certificate compliant with Section 197 of the Act. Referring to an ITAT order, the court concluded that the petitioner was not liable for tax shortfall, rejecting the reopening of assessment. Case-Laws Income Tax Fri, 26 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415293