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Section 197

Latest Articles


No Prior Sanction Needed for FIR Against Public Servant: Allahabad HC

Corporate Law : Allahabad HC rules no prior sanction needed for FIR against a public servant. Analysis of recent judgment in Ranjeet vs State of U...

February 17, 2024 555 Views 0 comment Print

Impact of Amendment by Finance Act, 2023 on Non-Resident/Not Ordinarily Resident

Income Tax : Explore the impact of the Finance Act, 2023 on non-resident and not ordinarily resident individuals in India. Changes in tax deduc...

April 11, 2023 3279 Views 0 comment Print

Company Law for Independent Director

Company Law : According to u/s 149(9) of companies act, an independent director shall not be entitled to any stock option and receive any remune...

April 4, 2023 13509 Views 0 comment Print

Liability to deduct section 194R TDS on Benefit or Perquisite in Business or Profession

Income Tax : Any person being Individual/HUF/Company/Firm/LLP etc. providing any benefit or perquisite whether convertible into money or not, i...

July 19, 2022 16785 Views 0 comment Print

Section 197 Certificate For TDS Deduction at Lower Rate

Income Tax : (1) What is Section 197 of Income Tax Act, 1961? Section 197 of the Income Tax Act, 1961 allows the taxpayer the facility of NIL...

July 10, 2021 104166 Views 6 comments Print


Latest Judiciary


TDS was correctly deducted by Hindustan Lever, rules Orissa HC in challenge by Works Contractor for ‘Wheel’, ‘Surf Excel’ and ‘Domex’ Production

Income Tax : Assessee-company had entered into a Purchasing Agreement with M/s. Hindustan Unilever Ltd. whose main business was manufacture and...

April 4, 2024 216 Views 0 comment Print

No 271(1)(c) Penalty Without Willful Concealment or Furnishing Inaccurate Details

Income Tax : Mumbai ITAT deletes penalty under section 271(1)(c) for Eureka Outsourcing Solutions, stating making an incorrect claim does not a...

February 13, 2024 600 Views 0 comment Print

Article 13(4) of India-Mauritius DTAA exempts sale of shares acquired prior to 1st April 2017

Income Tax : ITAT Mumbai held that benefit of Article 13(4) of India Mauritius tax Treaty duly available to Mauritius registered assessee, havi...

February 10, 2024 744 Views 0 comment Print

Consistent Methodology and Adherence to Accounting Standards Render Additions Unsustainable

Income Tax : Read the detailed analysis of the ITAT Chennai order in the case of ST Engineering Electronics Ltd. vs ACIT regarding taxable cont...

February 3, 2024 444 Views 0 comment Print

Courts could not overrule decisions of Govt-Appointed Experts unless there was gross miscarriage of Justice

Corporate Law : Board is the authority to regulate the functioning of the Insolvency Professionals and the Board comprises of experts in the field...

November 10, 2023 414 Views 0 comment Print


Latest Notifications


No TDS on Payments to Units of IFSC – CBDT Notifies

Income Tax : Get details on new Income Tax Notification exempting specific payments to International Financial Services Centre (IFSC) Units fro...

March 7, 2024 1851 Views 0 comment Print


Latest Posts in Section 197

TDS was correctly deducted by Hindustan Lever, rules Orissa HC in challenge by Works Contractor for ‘Wheel’, ‘Surf Excel’ and ‘Domex’ Production

April 4, 2024 216 Views 0 comment Print

Assessee-company had entered into a Purchasing Agreement with M/s. Hindustan Unilever Ltd. whose main business was manufacture and sale of detergents, etc.

No TDS on Payments to Units of IFSC – CBDT Notifies

March 7, 2024 1851 Views 0 comment Print

Get details on new Income Tax Notification exempting specific payments to International Financial Services Centre (IFSC) Units from TDS deductions. This applies for 10 consecutive assessment years starting April 2024.

No Prior Sanction Needed for FIR Against Public Servant: Allahabad HC

February 17, 2024 555 Views 0 comment Print

Allahabad HC rules no prior sanction needed for FIR against a public servant. Analysis of recent judgment in Ranjeet vs State of UP.

No 271(1)(c) Penalty Without Willful Concealment or Furnishing Inaccurate Details

February 13, 2024 600 Views 0 comment Print

Mumbai ITAT deletes penalty under section 271(1)(c) for Eureka Outsourcing Solutions, stating making an incorrect claim does not amount to furnishing inaccurate particulars.

Article 13(4) of India-Mauritius DTAA exempts sale of shares acquired prior to 1st April 2017

February 10, 2024 744 Views 0 comment Print

ITAT Mumbai held that benefit of Article 13(4) of India Mauritius tax Treaty duly available to Mauritius registered assessee, having Tax Residency Certificate, for sale of shares which were acquired prior to 1st April 2017.

Consistent Methodology and Adherence to Accounting Standards Render Additions Unsustainable

February 3, 2024 444 Views 0 comment Print

Read the detailed analysis of the ITAT Chennai order in the case of ST Engineering Electronics Ltd. vs ACIT regarding taxable contract income, addressing issues of revenue recognition and accounting standards.

Courts could not overrule decisions of Govt-Appointed Experts unless there was gross miscarriage of Justice

November 10, 2023 414 Views 0 comment Print

Board is the authority to regulate the functioning of the Insolvency Professionals and the Board comprises of experts in the field who have been appointed by the Central Government to carry out the functions specified under Part IV of the IBC.

Income Tax Authority which has initiated prosecution must have sanction of law

October 12, 2023 531 Views 0 comment Print

Telangana High Court held that once sanction has been given to a particular authority, i.e., the Deputy Director of Income Tax, the prosecution has to be launched by him alone and not by the Assistant Director of Income Tax. Thus, the authority which has initiated the prosecution must have sanction of law. Otherwise, it amounts to illegal action.

Members of Railway Protection Force would be considered as Workmen under Workmen Compensation Act

October 11, 2023 318 Views 0 comment Print

Commanding Officer Vs Bhavnaben Dinshbhai Bhabhor & Others (Supreme Court of India) Conclusion: In present facts of the case, the Hon’ble Supreme Court held that family members of deceased Constable in the Railway Protection Special Force would be entitled to Compensation under Workmen Compensation Act, 1923 as he would be considered as a “Workman” under […]

Amendment to section 54F restricting investment in property to India is not retrospective

October 4, 2023 12843 Views 0 comment Print

Learn about the Bombay High Court’s ruling on the retrospective application of an amendment to Section 54F in the case of Hemant Dinkar Kandlur vs CIT

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