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Income Tax - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

TDS - It would be wholly unreasonable to deduct tax at source on ...


Tax Deduction Unreasonable on Unaccrued Income Pending Arbitral Award Challenge, Financial Year Impact Discussed.

March 23, 2013

Case Laws     Income Tax     HC

TDS - It would be wholly unreasonable to deduct tax at source on an amount which has not accrued to the Petitioner as income during the financial year in question, the entitlement of the Petitioner being contingent on the outcome of the challenge to the arbitral award. - HC

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