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2013 (5) TMI 53 - HC - Income TaxInterest over unpaid payment of lease rent which had been deducted at source and deposited with the Income Tax Department- petitioner is a company engaged in manufacture of IC Engine based on power products & started deduction of tax at source from the date of amendment in 2004 of Income Tax - Held that:- Question as to whether Noida Authority is exempted from payment of Income Tax or not is subjudice. Therefore, petitioner shall deposit the demand of amount of Rs.16,83348/- with the respondents within three weeks from today. Such deposit shall be kept in an interest bearing account. The petitioner shall continue to deduct income tax at source from the lease rental and deposit the same with the Income Tax Department.A similar amount shall also be deposited with the respondents and the amount shall be kept in an interest bearing account. The petitioner shall continue to abide by the above directions, so long a decision has not been taken as to whether respondents no. 1 to 4 are liable to pay tax or not.
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