Forgot password
New User/ Regiser
⇒ Register to get Live Demo
2014 (10) TMI 972 - HIMACHAL PRADESH HIGH COURT
TDS u/s 194A - whether accident claim cases and the compensation awarded under the Motor Vehicles Act cannot be said to be taxable income? - Held that:- he Circular, dated 14.10.2011, issued by the Income Tax Authorities, whereby deduction of income tax has been ordered on the award amount and interest accrued on the deposits made under the orders of the Court in Motor Accident Claims cases, is quashed and in case any such deduction has been made by respondents, they are directed to refund the same, with interest at the rate of 12% from the date of deduction till payment, within six weeks from today.