https://www.taxtmi.com/caselaws?id=158997 Where the statutory provision authorising deduction and retention of tax at source, together with the related fixed-deposit mechanism, had already been declared invalid, there was no legal basis to continue withholding the money collected under that scheme. The Kerala HC held that the amount kept in fixed deposit could not be retained once the underlying authority had ceased to exist, and it had to be released to the person from whom it was collected. The petitioner was therefore entitled to withdraw the deposit by endorsement of the fixed deposit receipts in its favour. en-us Thu, 06 Apr 1995 00:00:00 +0530 Tue, 12 Nov 2013 16:20:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158997 Where the statutory provision authorising deduction and retention of tax at source, together with the related fixed-deposit mechanism, had already been declared invalid, there was no legal basis to continue withholding the money collected under that scheme. The Kerala HC held that the amount kept in fixed deposit could not be retained once the underlying authority had ceased to exist, and it had to be released to the person from whom it was collected. The petitioner was therefore entitled to withdraw the deposit by endorsement of the fixed deposit receipts in its favour. Case-Laws VAT and Sales Tax Thu, 06 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158997