High Court of Karnataka Allows Writ Petition Challenging TDS Deduction on Land Acquisition Compensation — Holds That KIADB Is Not a 'Public Sector Company' Under Section 194LA of Income Tax Act, 1961. Statutory Board Cannot Deduct TDS on Compensation Paid for Land Acquisition as It Is Not a Company Incorporated Under Companies Act.
2 Aug 2022The petitioner, M/s. Hegde and Golay Pvt Ltd, a company whose land was acquired by the Karnataka Industrial Area Development Board (KIADB) for a metro...
