2018 (3) TMI 1972

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..... Impugned in the present revision petition is the order dated 04.04.2016 (Annexure P-1) passed by the Commissioner, Employee's Compensation Act, 1923, Hisar, Circle at Hisar, directing the present petitioner-Insurance Company to release an amount of Rs. 33,401/-, which was deducted as TDS and pay the same to the claimants. Further, it was ordered that the difference of interest amount of Rs. 3 .....

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..... 90 of the Act, the tax on the income is to be deducted for collection at source. Section 194A of the Act provides as under: Interest other than "Interest on securities" "(1) Any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any income by way of interest other than income [by way of interest on securities], shall, at the time of cr .....

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..... 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 source on the aggregate of the amount of such income paid during the financial year. The cases of the payment of compensation under the Workmen Compensation Act, 1923, are not covered under the said provisions. In su .....

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