TDS u/s 193 - interest on debenture credited to comply with the ...

Court Rules TDS Not Required on Unclaimed Debenture Interest for Sick Industrial Units u/s 193, Aligns with Real Income Theory.

April 22, 2019

Case Laws Income Tax HC

TDS u/s 193 - interest on debenture credited to comply with the mandatory requirements of law - requirement of TDS cannot be stretched to unreasonable levels when interest was neither claimed by debenture holders nor paid as assessee was a sick industrial unit and referred to BIFR - canceling of demand u/s 201(1) is correct in light of principle of real income theory

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TDS u/s 193 - interest on debenture credited to comply with the ...

Court Rules TDS Not Required on Unclaimed Debenture Interest for Sick Industrial Units u/s 193, Aligns with Real Income Theory.

April 22, 2019

Case Laws Income Tax HC

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