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2023 (7) TMI 907 - BOMBAY HIGH COURTCredit of TDS deducted on salary but not deposited by the employer (Karvy Stock Broking Limited) - tax credit mismatch - criminal investigation by the Enforcement Directorate for financial crimes including money laundering against Respondent No. 2 Karvy Stock Broking Limited - as petitioner states Respondent No. 2 was deducting tax at source from the salary paid to Petitioners and that since tax has been deducted from the salary of Petitioner, Petitioner cannot be called upon to pay tax to the extent to which tax has been deducted HELD THAT:- Revenue in each of the Petitions state that Petitioners be directed to furnish evidence to the Income Tax Officer who has issued notice of demand that tax has been deducted at source from their salaries. If such evidence is furnished, the Income Tax Officer will not take any coercive steps against those Petitioners. Statement accepted as an undertaking to this Court. Directions issued. If the Income Tax Officer requires any clarification to tally the salary slip with the bank statement, the Income Tax Officer shall issue notice to the concerned Petitioner to attend hearing and notice thereof shall be communicated atleast 5 working days in advance.
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