2016 (1) TMI 83

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 b .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ucted at Source in view of the amendment introduced in Section 194A of the Income Tax Act by Finance Act, 2015 with effect from 01.06.2015. 2. As can be seen from the prayer clause noted above, the issue pertains to the procedure to be followed for deducting tax at source. When the insurance companies pay or deposit compensation awarded by the Motor Accident Claims Tribunals to the claimants, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ss 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 pr .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X