AO Can’t Reject Section 197 Application Summarily: Patna HC

Infrastructure Development Authority Vs ACIT (Patna High Court)

In the case of Infrastructure Development Authority Vs ACIT, the Patna High Court addressed the rejection of applications filed for Income Tax deduction at lower rate under Section 197 of the Income Tax Act, 1961. The petitioner sought a NIL TDS deduction on interest income, arguing that their total income justified this

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