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2016 (1) TMI 83 - HC - Income TaxClarification on the question of liability to deduct tax at source arising out of the amended section 194-A - Tax Deducted at Source in view of the amendment introduced in Section 194A by Finance Act, 2015 with effect from 01.06.2015 - writ in the nature of mandamus - Held that:- This Court would not act as advisory jurisdiction in abstract. Surely, the insurance companies have access to expert legal advise. As an agency required to deduct tax at source under the Act, it is their duty to avail of such legal advise and follow the requirements of statute. Unless and until a concrete case comes before the Court where not only declaration of two interpretation of law but consequential directions can also be issued, we would not undertake the exercise of interpreting statutory provisions for advising the insurance companies as to how they should manage their affairs in the changed scenario under the amended statutory provision. - Decided against assessee
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