2021 (9) TMI 1510

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....- HC<br>Dated:- 1-9-2021<br>CIVIL MISC. PETITION MAIN (ORIGINAL) No. 381 OF 2018 - -<br>Income Tax<br>HON'BLE MR. JUSTICE VIVEK SINGH THAKUR For the Petitioner : MS. SHILPA SOOD AND MR. ATUL JHINGAN, ADVOCATES For the Respondent : SHRI VINAY KUTHIALA, SR. ADVOCATE WITH MR. DIWAN NEGI ORDER Present petition has been filed against direction passed by the Motor Accident Claims Tribunal-IV, Shiml....

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....which warrant of attachment of movable and immovable property of petitioner has been ordered to be issued. 3. Section 194-A of Income Tax Act, 1961, clearly provides that any person, not being an individual or a Hindu undivided family, responsible for paying to a 'resident' any income by way of interest, other than income by way of interest on securities, shall deduct income tax on such income at....

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....refore, in view of above said decision, deduction of income tax by petitioner/Insurance Company on the interest accrued/awarded on the compensation deposited by the petitioner/Insurance Company is illegal and is contrary to the law of land. 6. In view of above discussion, this petition is disposed of directing respondent No. 7 Income Tax Officer, (TDS), Sector 2, Panchkula, Haryana to refund the ....