https://www.taxtmi.com/caselaws?id=257831 The High Court allowed both writ applications, setting aside the orders of the District Judge directing the disbursement of deducted income tax amounts to private respondents. The Court emphasized adherence to statutory provisions, highlighting the obligation to deduct income tax on interest payments exceeding Rs. 50,000 as per Section 194A (3) (ix) of the Income Tax Act, 1961. The Court clarified that disputes on tax liability should be resolved through appropriate channels with the Income Tax Department, affirming the petitioner's compliance with the Act in deducting income tax on interest payments exceeding the specified limit. en-us Thu, 05 Feb 2015 00:00:00 +0530 Mon, 23 Mar 2015 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257831 The High Court allowed both writ applications, setting aside the orders of the District Judge directing the disbursement of deducted income tax amounts to private respondents. The Court emphasized adherence to statutory provisions, highlighting the obligation to deduct income tax on interest payments exceeding Rs. 50,000 as per Section 194A (3) (ix) of the Income Tax Act, 1961. The Court clarified that disputes on tax liability should be resolved through appropriate channels with the Income Tax Department, affirming the petitioner's compliance with the Act in deducting income tax on interest payments exceeding the specified limit. Case-Laws Income Tax Thu, 05 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257831