2016 (9) TMI 341

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..... thereof? - Held that:- As relying on the ruling pronounced in In Re : Aberdeen Claims Administration Inc. and Aberdeen Asset Management Plc.[2016 (1) TMI 793 - THE AUTHORITY FOR ADVANCE RULINGS NEW DELHI] wherein concluded that the settlement amount received by Aberdeen investors is not taxable under the provisions of the Income-tax Act - A.A.R. No 1426 of 2012 - - - Dated:- 15-2-2016 - Mr V.S. .....

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..... er Section 195 of the Act, at what rate shall the income tax be deducted at source and at what stage (i.e. on remittance to Escrow Account or on remittance from Escrow Account to Aderdeen) is the applicant required to deduct income tax at source? 3. The same questions were involved in application No.1433 filed by the payee and in the common rulings pronounced on 19th January, 2016 in AAR No.1 .....

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