TDS on Property: SC Dismisses PILs, Upholds Buyer's Duty; New GST Ruling on Parallel Proceedings

• Supreme Court dismisses PILs seeking condonation for non-deduction of TDS on property purchases over ₹50 lakh, emphasizing buyer's duty.
• Buyers failing to deduct or deposit TDS face 1% to 1.5% monthly interest and potential penalties equal to the un-deducted tax.
• Supreme Court's landmark ruling in Armour Security (India) Ltd. vs. Commissioner, CGST, Delhi, defines and restricts parallel proceedings under Section 6(2)(b) of the CGST Act.
• The ruling prevents multiple authorities from targeting taxpayers on the same matter, aligning with the Doctrine of Res Judicata.
• Delhi ITAT rules foreign tax credit (FTC) is available for Indian income assessment, even if Indian tax liability is nil, allowing Japanese TDS refund for Canon India.