https://www.taxtmi.com/highlights?id=97342 Competent Authority's failure to record reasons for issuing a withholding certificate warranted corrective relief: the authority was required to assess and record prima facie nature of the transaction and address the taxpayer's contentions; in light of most payments already subjected to higher withholding and prima facie non-taxability, a directive was issued to grant a lower-rate withholding certificate for the relevant assessment year within a short timeframe, providing interim relief while preserving the Revenue's ability to conduct scrutiny assessment. The petition was partly allowed on that basis. en-us Mon, 02 Mar 2026 15:47:34 +0530 Mon, 02 Mar 2026 15:47:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97342 Competent Authority's failure to record reasons for issuing a withholding certificate warranted corrective relief: the authority was required to assess and record prima facie nature of the transaction and address the taxpayer's contentions; in light of most payments already subjected to higher withholding and prima facie non-taxability, a directive was issued to grant a lower-rate withholding certificate for the relevant assessment year within a short timeframe, providing interim relief while preserving the Revenue's ability to conduct scrutiny assessment. The petition was partly allowed on that basis. Highlights Income Tax Mon, 02 Mar 2026 15:47:34 +0530 https://www.taxtmi.com/highlights?id=97342