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2019 (2) TMI 2042 - HC - Income TaxTDS u/s 194A - interest on the compensation awarded by the Motor Accident Claims Tribunal - HELD THAT:- Pursuant to notice issued on the last date of hearing to the newly added respondent no. 4, i.e. the Department of Income Tax through its Commissioner, TDS Circle, Mumbai, Mr. Yogesh Putney, Advocate, puts in appearance and has supplied a copy of the judgment of a co-ordinate Bench of this Court, in New India Assurance Company Ltd. vs. Rajbala and others [2018 (3) TMI 1972 - PUNJAB AND HARYANA HIGH COURT] wherein held in a case pertaining to interest on the compensation awarded by the Motor Accident Claims Tribunal, no tax is payable on the interest up to Rs. 50,000/- and beyond Rs. 50,000/- the tax is to be deducted at source on the aggregate of the amount of such income paid during the financial year. In view of the above, let notice of motion be also issued now to respondent no. 1, i.e. the claimant before the Motor Accidents Claims Tribunal, returnable on 06.9.2019. In the meanwhile, operation of the impugned order to the extent that it directs the petitioner company to deposit the tax deducted at source shall remain stayed, till the next date of hearing.
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