HC admit Pleas against Oil Companies Circular mandating to pay without deduction of Section 194Q TDS

Petroleum Traders Welfare and Legal Service Society Vs Union of India (Kerala High Court) Heard learned counsel for the petitioner. He submits that Section 190 of the Income Tax Act mandates deduction of tax at source and Section 194G of the said Act also provides for deduction of tax at source by the buyer having turnover of more than Rs.10 crores per annum. However, according to the learned counsel for the petitioner, countering the scheme of the Income Tax Act, the respondent-Oil Companies have issued impugned circulars directing the buyers to remit the entire sales consideration to them an...