https://www.taxtmi.com/caselaws?id=787525 Challenge concerned the rate of a tax withholding certificate issued under the income tax framework for AY 2026-27; the court found the Competent Authority failed to record reasons or address the petitioner's treaty-based contentions and precedents, and balanced revenue's interest in protecting assessments against the petitioner's hardship from substantial deduction where transactions prima facie appear non-taxable. Exercising supervisory jurisdiction, the HC directed issuance of a lower-rate withholding certificate for the specified year while preserving the Revenue's right to examine and assess the transactions later. en-us Tue, 24 Feb 2026 00:00:00 +0530 Sat, 07 Mar 2026 08:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787525 Challenge concerned the rate of a tax withholding certificate issued under the income tax framework for AY 2026-27; the court found the Competent Authority failed to record reasons or address the petitioner's treaty-based contentions and precedents, and balanced revenue's interest in protecting assessments against the petitioner's hardship from substantial deduction where transactions prima facie appear non-taxable. Exercising supervisory jurisdiction, the HC directed issuance of a lower-rate withholding certificate for the specified year while preserving the Revenue's right to examine and assess the transactions later. Case-Laws Income Tax Tue, 24 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787525