https://www.taxtmi.com/caselaws?id=401690 The Court addressed the improper TDS deduction by the Insurance Company, directing the Income-tax department to rectify the error. The prolonged 20-year litigation concluded with instructions for the petitioner to file a refund application, to be assessed on its merits. The Tribunal was ordered to release the funds previously held in a Fixed Deposit, aligning with prior Apex Court directives. The Court expressed appreciation for the cooperation of the involved Officers and resolved the matter without requiring the presence of Respondent No.2, underscoring the necessity of procedural compliance for effective resolution. en-us Wed, 25 Nov 2020 00:00:00 +0530 Tue, 05 Nov 2024 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401690 The Court addressed the improper TDS deduction by the Insurance Company, directing the Income-tax department to rectify the error. The prolonged 20-year litigation concluded with instructions for the petitioner to file a refund application, to be assessed on its merits. The Tribunal was ordered to release the funds previously held in a Fixed Deposit, aligning with prior Apex Court directives. The Court expressed appreciation for the cooperation of the involved Officers and resolved the matter without requiring the presence of Respondent No.2, underscoring the necessity of procedural compliance for effective resolution. Case-Laws Income Tax Wed, 25 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401690