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section (4), for the words, figures and letters “section 206AA, such”, the words, figures and letters “section 206AA or section 206AB, such” shall be substituted

Section 56 in THE FINANCE ACT, 2021 56. Amendment of section 206AA. In section 206AA of the Income-tax Act, in sub-section (1), after

FINANCE ACT, 2021 57. Insertion of new section 206AB. After section 206AA of the Income-tax Act, the following section shall be inserted with effect ... rate of five per cent.. (2) If the provisions of section 206AA is applicable to a specified person, in addition to the provision of this

case made out by the Revenue to the effect that Section 206AA overrides Circular No. 333, which is beneficial to the assessee.In the present ... Number (PAN) by the recipient non-residents, having regard to the Section 206AA of the Act. ITA No.666/Ahd/2018 Jyoti Limited vs. DCIT

case of payee without PAN under the provisions contained u/s 206AA of the Act, which is a non- obstante clause or assessee is entitled ... supra) decided the identical issue as to non- applicability of section 206AA in case of non-resident as DTAA overrides the Act as per Section

subject to deduction of tax at source @20%, as specified u/s 206AA on account of non furnishing of PAN of the payee ... Appeals) erred in confirming that tax was deductible @20%, by applying section 206AA , in cases wherever tax was not deducted at all. 9. Without Prejudice

raising the tax demand there-under by applying the provisions of sec.206AA with sec.195 of the act. 2. The learned CIT(A) erred ... issue of higher rate of tax as prescribed u/s.206AA act. 3. The learned CIT(A) erred in not passing a speaking order

order of AO passed u/s. 248 r.w.s. 206AA of the Income-tax Act, 1961 [the Act[ for the assessment years ... justified in holding that the of DTAA overrides the provision of sec 206AA of the IT Act, 1961. 2. Whether on the facts and circumstances

order of AO passed u/s. 248 r.w.s. 206AA of the Income-tax Act, 1961 [the Act[ for the assessment years ... justified in holding that the of DTAA overrides the provision of sec 206AA of the IT Act, 1961. 2. Whether on the facts and circumstances

stated that tax has been deducted by the appellant under section 206AA of the Act at the rate of 21.115 percent and accordingly, disallowance ... assessee submits that the appellant has deducted tax u/s 206AA of the Act @ 21.115% and accordingly, disallowance on account of non-deduction