Court Grants Relief To Lufthansa Airlines, Sets Aside Revenue's Order Denying 'Nil' TDS Certificate: Delhi High Court

In a significant relief for German cargo airline Lufthansa, the Delhi High Court set aside the Revenue's order denying a nil TDS (Tax Deducted at Source) certificate to the company for the financial year 2024-25. The court ruled in favor of Lufthansa, directing the Revenue to issue the nil TDS certificate for the company under Section 195(3) of the Income Tax Act, 1961. Background of Section 195 and Nil TDS…