https://www.taxtmi.com/caselaws?id=303909 The High Court dismissed the Insurance Company's petition, upholding the directive to deposit the TDS amount related to interest income on compensation under the Motor Vehicles Act. The Court emphasized the need for Tribunals to consider relevant legal provisions before making decisions. It clarified that TDS should be deducted individually for each claimant based on their interest income, as per Section 194(A)(ix) of the Income-tax Act. The Insurance Company was granted the right to claim a refund upon presenting the Court's order, with instructions for dissemination of the judgment to relevant entities for reference. en-us Thu, 30 Dec 2010 00:00:00 +0530 Wed, 24 Aug 2022 17:59:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303909 The High Court dismissed the Insurance Company's petition, upholding the directive to deposit the TDS amount related to interest income on compensation under the Motor Vehicles Act. The Court emphasized the need for Tribunals to consider relevant legal provisions before making decisions. It clarified that TDS should be deducted individually for each claimant based on their interest income, as per Section 194(A)(ix) of the Income-tax Act. The Insurance Company was granted the right to claim a refund upon presenting the Court's order, with instructions for dissemination of the judgment to relevant entities for reference. Case-Laws Indian Laws Thu, 30 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303909