1995 (4) TMI 39

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..... of India. Briefly stated, the facts of the case are that petitioner No. 1 is a private limited company incorporated under the Companies Act, 1956, and petitioner No. 2 is its managing director. The respondents issued a Circular No. 681 dated March 8, 1994, with regard to section 194C of the Income-tax Act, 1961 (annexure P-1), which required the deduction of the tax. Respondent No. 4 (Income-ta .....

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..... s have not elected to send any further communication to the petitioners. Yet, the petitioners have filed this writ petition seeking quashment of the aforesaid circular (annexure P-1) on the ground that it is not in conformity with section 194C of the Income-tax Act, 1961. I have heard both the sides. Counsel for the petitioners urged that the circular is in conflict with the aforesaid section .....

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