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2023 (1) TMI 1281 - HC - Income TaxTDS on payments made to local authorities, including New Okhla Industrial Development Authority [“NOIDA ”] - order passed u/s 201(1)/201(1A) - HELD THAT:- Although the petitioner-bank has slept over its rights, we are prima facie of the view that since public money is involved, and because both the petitioner-bank and the NOIDA fall in the category of entities which deal with public funds, the respondents/revenue could consider repaying the money to the petitioner-bank for onward transmission to NOIDA. We may note that the NOIDA has been following up the matter, despite which, the petitioner-bank did not act with alacrity. Given this position, NOIDA may have a case for recovering the interest from petitioner-bank if we were to grant the relief, as sought in the writ petition. Insofar as this writ action is concerned, our remit is limited to the relief sought by the petitioner-bank, which as noted above, is for issuance of a direction to quash the order dated 28.02.2013. Revenue, says that he will return with instructions. List the matter on 27.01.2023.
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