When TDS Deductible, No Obligation for Interest under Section 234B: ITAT

DDIT Vs Linklaters (ITAT Mumbai) Introduction: A recent decision by the Income Tax Appellate Tribunal (ITAT) in the case of DDIT vs. Linklaters, Mumbai, sheds light on an important aspect of tax liability. The central issue at hand is whether interest under Section 234B of the Income Tax Act is applicable when certain income qualifies for deduction. This article delves into the details of the case and the ITAT’s ruling. Detailed Analysis: 1. Background of the Case: The case revolves around an appeal filed by the Revenue against an order passed by the Commissioner of Income Tax (Appeals) ...