1995 (4) TMI 39

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.... under article 226/227 of the Constitution of India. Briefly stated, the facts of the case are that petitioner No. 1 is a private limited company incorporated under the Companies Act, 1956, and petitioner No. 2 is its managing director. The respondents issued a Circular No. 681 dated March 8, 1994, with regard to section 194C of the Income-tax Act, 1961 (annexure P-1), which required the deduct....

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....mbay High Court. Thereafter, the respondents have not elected to send any further communication to the petitioners. Yet, the petitioners have filed this writ petition seeking quashment of the aforesaid circular (annexure P-1) on the ground that it is not in conformity with section 194C of the Income-tax Act, 1961. I have heard both the sides. Counsel for the petitioners urged that the circul....