https://www.taxtmi.com/caselaws?id=430151 Surcharge on TDS for purchase of property from a non-resident was to be computed with reference to the deductee's income, not the gross transaction value, so the applicable rate was 10% and not 15%. The assessee was also protected from being treated as an assessee in default under section 201(1) because the deductee had disclosed the capital gain in the return and paid the tax due, satisfying the first proviso to section 201(1). The short-deduction demand was therefore unsustainable, while the interest component under section 201(1A) remained undisturbed as not pressed. en-us Fri, 30 Sep 2022 00:00:00 +0530 Fri, 11 Nov 2022 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430151 Surcharge on TDS for purchase of property from a non-resident was to be computed with reference to the deductee's income, not the gross transaction value, so the applicable rate was 10% and not 15%. The assessee was also protected from being treated as an assessee in default under section 201(1) because the deductee had disclosed the capital gain in the return and paid the tax due, satisfying the first proviso to section 201(1). The short-deduction demand was therefore unsustainable, while the interest component under section 201(1A) remained undisturbed as not pressed. Case-Laws Income Tax Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430151