Unjust Retention of Money or Property of Another is against Fundamental Principles: Jharkhand HC directs JBVNL to Refund TDS [Read Order]
The Court has imposed a substantial penalty of Rs 5 Lacs on the Managing Director of Jharkhand Bijli Vitran Nigam Limited (JBVNL) for engaging in unnecessary litigation and presenting frivolous defences
The Jharkhand High Court has held that any unjust withholding of money or property from another party goes against the fundamental principles of justice, fairness, and good conscience and directed JBVNL to refund Tax Deducted at Source ( TDS ). The Court has imposed a substantial penalty of Rs 5 Lacs on the Managing Director…
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