https://www.taxtmi.com/caselaws?id=191507 The court ruled in a civil revision petition challenging the correctness of income tax deducted at source by an Insurance Company from compensation awarded by a Motor Accidents Claims Tribunal. The court found the Insurance Company's deduction of income tax on the principal compensation amount to be incorrect and remitted the matter to the Tribunal for reassessment based on legal guidelines. Both parties were permitted to submit new calculation memos and evidence. The impugned order was set aside, and no costs were awarded. en-us Tue, 22 Apr 2014 00:00:00 +0530 Thu, 06 Apr 2017 10:02:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191507 The court ruled in a civil revision petition challenging the correctness of income tax deducted at source by an Insurance Company from compensation awarded by a Motor Accidents Claims Tribunal. The court found the Insurance Company's deduction of income tax on the principal compensation amount to be incorrect and remitted the matter to the Tribunal for reassessment based on legal guidelines. Both parties were permitted to submit new calculation memos and evidence. The impugned order was set aside, and no costs were awarded. Case-Laws Income Tax Tue, 22 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191507