https://www.taxtmi.com/caselaws?id=756486 Delhi HC held that TDS cannot be deducted from amounts awarded in arbitral awards under execution. The court ruled that once an amount is awarded in an arbitral award, it acquires the character of judgment debt and cannot be subjected to TDS deduction under Section 195(1) of the Income Tax Act, even for non-resident individuals. Following precedents from Voith Hydro Ltd and Glencore International cases, which relied on SC's All India Reporter decision, the court restrained the respondent from deducting TDS from the awarded amount during execution proceedings. en-us Fri, 26 Jul 2024 00:00:00 +0530 Sat, 03 Aug 2024 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756486 Delhi HC held that TDS cannot be deducted from amounts awarded in arbitral awards under execution. The court ruled that once an amount is awarded in an arbitral award, it acquires the character of judgment debt and cannot be subjected to TDS deduction under Section 195(1) of the Income Tax Act, even for non-resident individuals. Following precedents from Voith Hydro Ltd and Glencore International cases, which relied on SC's All India Reporter decision, the court restrained the respondent from deducting TDS from the awarded amount during execution proceedings. Case-Laws Income Tax Fri, 26 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756486