TIOL-DDT 2473 · Wednesday, 12 November 2014 · story 3 of 7
IT - TDS on Deposits ordered by Courts - Delhi High Court quashes CBDT Circular
By Vijay Kumar
THE Delhi High Court yesterday quashed the CBDT Circular No. 8/2011 dated 14.10.2011. In the Circular, CBDT had stipulated that Banks shall deduct TDS on the interest accruing on deposits directed by Courts on one or more litigants.
Earlier the Himachal High Court had struck down this Circular in 2014-TIOL-1815-HC-HP-IT. DDT had covered this in -17.10.2014.