https://www.taxtmi.com/caselaws?id=756320 Delhi HC disposed of petition seeking enforcement of arbitral award. Court rejected petitioner's challenge to set-off of Rs. 2,62,93,252 awarded to respondent against counter claims from Rs. 5,51,95,198 awarded to petitioner, noting arbitral tribunal had already made this adjustment arriving at difference of Rs. 2,89,01,946. Court held respondent's TDS deduction under Section 194C Income Tax Act 1961 was permissible as petitioner worked as contractor. However, court found TDS deduction from Rs. 9,15,93,846 impermissible as petitioner had already paid TDS to authorities and under Building and Other Construction Workers Welfare Cess Act 1996. en-us Fri, 26 Jul 2024 00:00:00 +0530 Thu, 01 Aug 2024 08:31:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756320 Delhi HC disposed of petition seeking enforcement of arbitral award. Court rejected petitioner's challenge to set-off of Rs. 2,62,93,252 awarded to respondent against counter claims from Rs. 5,51,95,198 awarded to petitioner, noting arbitral tribunal had already made this adjustment arriving at difference of Rs. 2,89,01,946. Court held respondent's TDS deduction under Section 194C Income Tax Act 1961 was permissible as petitioner worked as contractor. However, court found TDS deduction from Rs. 9,15,93,846 impermissible as petitioner had already paid TDS to authorities and under Building and Other Construction Workers Welfare Cess Act 1996. Case-Laws Insolvency and Bankruptcy Fri, 26 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756320