High Court of Bombay Allows Insurer's Petition Challenging Warrant of Attachment for TDS Deduction on Interest Component of Motor Accident Compensation Award. The court held that the insurer's deduction of TDS under Section 194A of the Income Tax Act, 1961, though erroneous because the claimant was an individual entitled to exemption under Section 194A(3)(ix), did not justify attachment as the TDS amount was already deposited with the Income Tax Authority and the claimant could seek refund.
15 Nov 2016The New India Assurance Company Limited (Petitioner) challenged an order dated 21 November 2014 passed by the Maharashtra Accident Claims Tribunal, Mu...
