https://www.taxtmi.com/caselaws?id=191533 The civil revision petition was allowed, and the lower Court's order, along with the warrant for execution, was set aside. The Court held that income tax should only be payable on interest accrued year after year, and the insurance company had already deducted and remitted the TDS amount to the Income Tax Department. Claimants could approach the Income Tax Assessing Authority for refund if needed. en-us Mon, 29 Jul 2013 00:00:00 +0530 Thu, 06 Apr 2017 16:01:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191533 The civil revision petition was allowed, and the lower Court's order, along with the warrant for execution, was set aside. The Court held that income tax should only be payable on interest accrued year after year, and the insurance company had already deducted and remitted the TDS amount to the Income Tax Department. Claimants could approach the Income Tax Assessing Authority for refund if needed. Case-Laws Income Tax Mon, 29 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191533