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2016 (6) TMI 1422 - MADRAS HIGH COURTRefund of the TDS amount along with interest - failure to deduct tax at source in respect of perquisite value of stock options allotted to its employees who were covered by the Employees Stock Option, otherwise, known as ESOP scheme of the company - respective tax was recovered from the salary of the respondent by his employer and the respondent/assessee was also issued Form 16 by the employer on 25.4.2010 certifying the further deduction and remittance towards tax - HELD THAT:- Writ Appeal is allowed. The appellants are directed to refund the amount to the assessee/respondent with interest payable as per the provisions of the Act within a period of four weeks from the date of receipt of a copy of this order. See S. THIGARAJAN & U. RAMADAS KAMATH & K. SURESH KAMATH VERSUS ASSISTANT CIT AND OTHERS [2009 (8) TMI 531 - KARNATAKA HIGH COURT]
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