Default in not depositing the TDS amount, as deducted, with the ...

Court Orders Immediate Release of Withheld TDS Funds with Interest; Penalizes for Frivolous Defense in Tax Dispute Case.

May 11, 2024

Case Laws Income Tax HC

Default in not depositing the TDS amount, as deducted, with the government - The High court underscored the mandatory nature of issuing TDS certificates or ensuring the deposit of deducted amounts with the government treasury promptly. - The High Court determined that JBVNL's retention of the tax deducted, under the guise of awaiting the appeal's outcome, was unauthorized and constituted an illegal withholding of funds. As such, the court directed JBVNL to release the withheld amount along with interest and imposed costs for what was deemed a frivolous defense.

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Default in not depositing the TDS amount, as deducted, with the ...

Court Orders Immediate Release of Withheld TDS Funds with Interest; Penalizes for Frivolous Defense in Tax Dispute Case.

May 11, 2024

Case Laws Income Tax HC

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