https://www.taxtmi.com/caselaws?id=250683 The Municipal Corporation was not obligated to deduct surcharge on income-tax in addition to regular tax deducted at source when making payments to contractors. The Tribunal ruled in favor of the Corporation, stating there was no legal obligation to deduct the surcharge based on the interpretation of the relevant Income-tax Act provisions. Additionally, the Corporation was not liable to pay interest on the alleged short deduction of surcharge as per section 201(1A) of the Income-tax Act, with the Court supporting this decision based on previous case law. The case concluded in favor of the Corporation with no order as to costs. en-us Tue, 04 Mar 2014 00:00:00 +0530 Fri, 22 Aug 2014 08:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250683 The Municipal Corporation was not obligated to deduct surcharge on income-tax in addition to regular tax deducted at source when making payments to contractors. The Tribunal ruled in favor of the Corporation, stating there was no legal obligation to deduct the surcharge based on the interpretation of the relevant Income-tax Act provisions. Additionally, the Corporation was not liable to pay interest on the alleged short deduction of surcharge as per section 201(1A) of the Income-tax Act, with the Court supporting this decision based on previous case law. The case concluded in favor of the Corporation with no order as to costs. Case-Laws Income Tax Tue, 04 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250683