Clash of titans, sec 192 Vs sec 206AA

This article is analysis of recent judicial pronouncement in the case of Rashtriya Ispat Nigam Ltd. v. Addl CIT (TDS) :-

1) The reason for this opening paragraph is to equip the reader to plan his order of reading. Invariably, it happens that, each of the reader is at different level of maturity and has different priorities at different times.

2) Rather than agreeing, it is more important to think and apply you mind on an issue. Thus objective of my article will be fulfilled even if one dis-agrees with my views.

Background-:

3) As you would be aware, section 206AA starts with “Non-Obstante Clause” over riding all other provisions of the Act. It makes the provision independentof other provisions contained in the law, even if the other provisions provide to the contrary.

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