https://www.taxtmi.com/caselaws?id=312188 The HC of Patna allowed the Petition by National Insurance Company Ltd., quashing the Tribunal's order that directed the Insurer to pay the deducted tax amount to the claimant. The Court held that the Insurer was obligated under section 194(1) of the Income Tax Act to deduct tax at source from the interest on the compensation award and deposit it with the government. The claimant's advocate acknowledged this duty and noted that a tax return was filed to claim a refund. The Tribunal's order was set aside as it conflicted with the statutory duty. en-us Fri, 20 Sep 2013 00:00:00 +0530 Tue, 06 Feb 2024 15:25:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312188 The HC of Patna allowed the Petition by National Insurance Company Ltd., quashing the Tribunal's order that directed the Insurer to pay the deducted tax amount to the claimant. The Court held that the Insurer was obligated under section 194(1) of the Income Tax Act to deduct tax at source from the interest on the compensation award and deposit it with the government. The claimant's advocate acknowledged this duty and noted that a tax return was filed to claim a refund. The Tribunal's order was set aside as it conflicted with the statutory duty. Case-Laws Income Tax Fri, 20 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312188