https://www.taxtmi.com/caselaws?id=458178 A prima facie view was taken that a utility cannot retain a deducted keep-back amount against alleged TDS liability without depositing the sum with the Income Tax Department, because tax deducted at source should be deposited so the assessee can receive corresponding credit in the income tax return. No final adjudication was made. The matter was adjourned for one week to allow the utility to take a conscious decision on deposit of the deducted amount, with further hearing listed for 21 March 2024. en-us Thu, 14 Mar 2024 00:00:00 +0530 Sat, 12 Oct 2024 08:36:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458178 A prima facie view was taken that a utility cannot retain a deducted keep-back amount against alleged TDS liability without depositing the sum with the Income Tax Department, because tax deducted at source should be deposited so the assessee can receive corresponding credit in the income tax return. No final adjudication was made. The matter was adjourned for one week to allow the utility to take a conscious decision on deposit of the deducted amount, with further hearing listed for 21 March 2024. Case-Laws Income Tax Thu, 14 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458178