Rule 28AA : Certificate for deduction at lower rates or no deduction of tax from income other than dividends.

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Certificate for deduction at lower rates or no deduction of tax from income other than dividends.

28AA . (1) Where the Assessing Officer, on an application made by a person under sub-rule (1) of rule 28 is satisfied that existing and estimated tax liability of a person justifies the deduction of tax at lower rate or no deduction of tax, as the case may be, the Assessing Officer shall issue a certificate61a in accordance with the provisions of sub-section (1) of section 197 for deduction of tax at such lower rate or no deduction of tax.

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