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HomeDirect TaxTDS Refund to PNB on SARFAESI Property Sales Upheld: Delhi HC

TDS Refund to PNB on SARFAESI Property Sales Upheld: Delhi HC

Direct Tax

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By Mariya Paliwala
TDS Refund to PNB on SARFAESI Property Sales Upheld: Delhi HC

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The Delhi High Court has dismissed an appeal filed by the Income Tax Department against Punjab National Bank, affirming that banks are entitled to claim refund of TDS deducted on sale of secured assets under the SARFAESI Act, 2002. The bench of Justice Dinesh Mehta and Justice Vinod Kumar has observed that the bank does…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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