NCLT Directs Income Tax Dept. to Refund Rs. 28.92 Lakhs TDS deducted u/s 194IA from e-Auction Purchasers to CD [Read Order]

NCLT - Income Tax Dept - NCLT Directs Income Tax Dept. to Refund - TDS - e-Auction Purchasers to CD - CD - taxscan

The Ahmadabad bench of the National Company Law Tribunal (NCLT) directed the Income Tax Department to refund Rs, 28.92 lakhs tax deducted at source (TDS), under Section 194IA of the Income Tax Act from e-Auction Purchasers to Corporate Debtor (CD). The issue to be decided was whether the amount of Tax Deducted Source (TDS) by…

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