https://www.taxtmi.com/caselaws?id=302121 The court held that the insurance company was required to deduct income tax at the source on interest exceeding Rs.50,000 as per Section 203 of the Income Tax Act 1961 read with Section 194-A(3)(ix). The order directing the insurance company to deposit the deducted amount was set aside, and the petition was allowed without costs. The issue of equating the Commissioner, Employees' Compensation with the Motor Accident Claims Tribunal was left open for future determination. en-us Sat, 06 Oct 2018 00:00:00 +0530 Thu, 05 May 2022 20:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302121 The court held that the insurance company was required to deduct income tax at the source on interest exceeding Rs.50,000 as per Section 203 of the Income Tax Act 1961 read with Section 194-A(3)(ix). The order directing the insurance company to deposit the deducted amount was set aside, and the petition was allowed without costs. The issue of equating the Commissioner, Employees' Compensation with the Motor Accident Claims Tribunal was left open for future determination. Case-Laws Income Tax Sat, 06 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302121