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Query regarding tds deduction

Neeraj (CA) (26 Points)

18 December 2015

whether tds would be deducted on payment to the official liquidator as per high court order??

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Kumar Purohit (Articled Assistant) (653 Points)
Replied 06 January 2016

in the decision of the Supreme Court in Aggarwal Chamber of Commerce case has no application to the facts on hand. The facts in the cited case disclose that the firm went into liquidation. While accounting theamounts to the Liquidator the appellant had effected TDS. Official Liquidator insisting payment without effecting TDS. In the context of said facts it is held that deducting the TDS from the payment is justified.

Kumar Purohit (Articled Assistant) (653 Points)
Replied 06 January 2016

in the decision of the Supreme Court in Aggarwal Chamber of Commerce case has no application to the facts on hand. The facts in the cited case disclose that the firm went into liquidation. While accounting theamounts to the Liquidator the appellant had effected TDS. Official Liquidator insisting payment without effecting TDS. In the context of said facts it is held that deducting the TDS from the payment is justified.

Neeraj (CA) (26 Points)
Replied 07 January 2016

Thanks sir

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