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No TDS deductible by Builder on Refundable Amount paid to Home-Buyers: Bombay HC

Case Law Details

Case Name
Sainath Rajkumar Sarode And Others Vs State of Maharashtra And Others (Bombay High Court)
Date of Judgement/Order
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Advertisement Sainath Rajkumar Sarode And Others Vs State of Maharashtra And Others (Bombay High Court) Sainath Rajkumar Sarode (Petitioner) has been filed seeking directions for the recovery of arrears due to the Petitioners under a Recovery Warrant dated October 15, 2018 passed by the Maharashtra Real Estate Regulatory Authority against Respondent Nos. 4 to 7. In the instant case, the Respondents 4 to 7 were to pay payment under the Recovery Warrant to the Petitioner in terms of installments. Nevertheless, for the instalment due on July 20, 2021, Respondent Nos. 4 to 7 deducted 10% of the...
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Author Info

Bimal Jain
Name: Bimal Jain
Qualification: LL.B / Advocate
Company: A2Z Taxcorp LLP
Location: Delhi, Delhi
Articles Published: 2,884

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