TDS Default Not Applicable as Section 197 Certificate Covers Entire Assessment Year

CIT TDS Vs National Highways Authority of India (Madhya Pradesh High Court) The case involves a batch of appeals filed by the Revenue under Section 260A of the Income Tax Act for Assessment Years 2008–09 and 2009–10, challenging orders of the Income Tax Appellate Tribunal (ITAT) which had granted relief to the assessee in respect of alleged default in deduction of tax at source (TDS). The assessee had entered into a contract with a foreign company for development of national highways and made payments after deducting tax at source at concessional rates based on certificates issued under Se...