2022 (11) TMI 1179

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..... unal and/or the High Court on the chargeability of TDS amount on non-convertible debentures and fixed deposit of the value less than Rs.5,000/-. Both, the Tribunal as well as the High Court have concurrently found that on non-convertible debentures and fixed deposit of the value less than Rs.5,000/-, there shall not be any TDS leviable. We are in complete agreement with the view taken by the .....

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..... ak Jain, Adv. For the Respondent(s) : Mr. Nishit Agrawal, AOR, Mr. Ashwani Garg, Adv., Ms. Kanishka Mittal, Adv. ORDER We have heard Shri N. Venkataraman, learned ASG appearing on behalf of the Revenue and Shri Nishit Agrawal, learned counsel appearing on behalf of the respondent/Assessee. The main issue is with respect to the chargeability of TDS on non-convertible debentures and .....

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..... he same time the issue whether the levy of the interest was time barred considering Section 201(1) / 201(1)(a) of the Income Tax Act, 1961 has not been dealt with and considered in High Court, we keep the question of law on the aforesaid open. With the above observations, the present Special Leave Petitions stand dismissed/disposed of. Pending application(s) shall stand disposed of. - - .....

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