https://www.taxtmi.com/highlights?id=87897 HC analyzed TDS provisions regarding "payable" vs. "paid" interpretations. The court found the lower tribunal's order erroneous based on a previously overruled HC judgment. Applying SC precedent in Palam Gas Service and Directorate of Revenue Intelligence cases, the court determined the term "payable" has a specific legal meaning distinct from actual payment. Consequently, the HC set aside the ITAT Ranchi order and remitted the matter for fresh adjudication, directing the tribunal to reconsider the issue in light of the SC's interpretation of Section 40(a)(ia) and subsequent legal principles governing tax deduction at source. en-us Wed, 30 Apr 2025 08:38:14 +0530 Wed, 30 Apr 2025 08:38:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=87897 HC analyzed TDS provisions regarding "payable" vs. "paid" interpretations. The court found the lower tribunal's order erroneous based on a previously overruled HC judgment. Applying SC precedent in Palam Gas Service and Directorate of Revenue Intelligence cases, the court determined the term "payable" has a specific legal meaning distinct from actual payment. Consequently, the HC set aside the ITAT Ranchi order and remitted the matter for fresh adjudication, directing the tribunal to reconsider the issue in light of the SC's interpretation of Section 40(a)(ia) and subsequent legal principles governing tax deduction at source. Highlights Income Tax Wed, 30 Apr 2025 08:38:14 +0530 https://www.taxtmi.com/highlights?id=87897