https://www.taxtmi.com/caselaws?id=433035 The court allowed the petitioner's request for a 4% withholding tax rate for the financial year 2022-2023, aligning with previous years' practice, despite the absence of a counter-affidavit from the respondents. The court directed the issuance of a certificate under Section 197 of the Income Tax Act with the specified withholding tax rate. The dispute over the classification of income as Fees for Technical Services or business income was considered, and the court resolved to set the withholding tax rate at 4%. The respondents were instructed to issue the certificate promptly within two weeks, and the petition was disposed of accordingly. en-us Thu, 12 Jan 2023 00:00:00 +0530 Mon, 27 Feb 2023 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433035 The court allowed the petitioner's request for a 4% withholding tax rate for the financial year 2022-2023, aligning with previous years' practice, despite the absence of a counter-affidavit from the respondents. The court directed the issuance of a certificate under Section 197 of the Income Tax Act with the specified withholding tax rate. The dispute over the classification of income as Fees for Technical Services or business income was considered, and the court resolved to set the withholding tax rate at 4%. The respondents were instructed to issue the certificate promptly within two weeks, and the petition was disposed of accordingly. Case-Laws Income Tax Thu, 12 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433035