https://www.taxtmi.com/caselaws?id=251022 The petitioners challenged the deduction of Tax Deducted at Source (TDS) by the insurance company on interest received on compensation awarded by the Tribunal. The Division Bench of the High Court directed spreading interest over financial years and permitted claimants to seek refunds from the Income Tax authority if necessary. Specific directions were issued for compliance with TDS depositing requirements, apportioning interest among claimants, and refund application procedures. The insurance company was instructed to spread interest amounts over years and provide certificates for refund applications. The judgment emphasized compliance with Income Tax regulations and proper apportionment of interest among claimants. en-us Fri, 01 Aug 2014 00:00:00 +0530 Tue, 02 Sep 2014 08:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251022 The petitioners challenged the deduction of Tax Deducted at Source (TDS) by the insurance company on interest received on compensation awarded by the Tribunal. The Division Bench of the High Court directed spreading interest over financial years and permitted claimants to seek refunds from the Income Tax authority if necessary. Specific directions were issued for compliance with TDS depositing requirements, apportioning interest among claimants, and refund application procedures. The insurance company was instructed to spread interest amounts over years and provide certificates for refund applications. The judgment emphasized compliance with Income Tax regulations and proper apportionment of interest among claimants. Case-Laws Income Tax Fri, 01 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251022