Assessee not liable to Deduct TDS on Taxability arising from Retrospective Income Tax Amendment: Bombay HC

The Bombay High Court ruled that an assessee isn't obligated to deduct TDS on tax liabilities resulting from retrospective income tax amendments. The decision emphasized that TDS applies only when payments are made, not when the tax liability is determined retrospectively. This judgment clarifies the timing and applicability of TDS obligations under the Income Tax Act, providing relief to taxpayers facing retrospective amendments. The ruling reaffirms the principle that TDS is linked to actual payments and not to contingent liabilities arising from retrospective changes in tax law.