https://www.taxtmi.com/highlights?id=77356 Default in not depositing the TDS amount, as deducted, with the government - The High court underscored the mandatory nature of issuing TDS certificates or ensuring the deposit of deducted amounts with the government treasury promptly. - The High Court determined that JBVNL's retention of the tax deducted, under the guise of awaiting the appeal's outcome, was unauthorized and constituted an illegal withholding of funds. As such, the court directed JBVNL to release the withheld amount along with interest and imposed costs for what was deemed a frivolous defense. en-us Sat, 11 May 2024 16:18:30 +0530 Sat, 11 May 2024 16:18:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=77356 Default in not depositing the TDS amount, as deducted, with the government - The High court underscored the mandatory nature of issuing TDS certificates or ensuring the deposit of deducted amounts with the government treasury promptly. - The High Court determined that JBVNL's retention of the tax deducted, under the guise of awaiting the appeal's outcome, was unauthorized and constituted an illegal withholding of funds. As such, the court directed JBVNL to release the withheld amount along with interest and imposed costs for what was deemed a frivolous defense. Highlights Income Tax Sat, 11 May 2024 16:18:30 +0530 https://www.taxtmi.com/highlights?id=77356