Delhi HC reduces TDS Rate to 2% as 15% Withholding Certificate Lacked Proper Reasoning

Cvent Inc Vs DCIT (Delhi High Court) The Delhi High Court considered a writ petition challenging an order and certificate issued by the income-tax authorities under Section 197 of the Income Tax Act, 1961, directing tax withholding at the rate of 15%. The petitioner, a non-resident company and tax resident of the United States with its principal place of business in Virginia, provides a platform for planning, marketing, and executing events in physical and hybrid formats. To provide its services, the company entered into third-party agreements for procuring standard off-the-shelf software prod...