Supreme Court · 2018 INSC 563 · Decided 2 July 2018
Commissioner of Income Tax(Tds) Kanpur and ANR. v. Canara Bank
- Court
- Supreme Court of India
- Citation
- 2018 INSC 563 · [2018] 7 S.C.R. 866
- Case number
- CIVIL APPEAL No. 6020/2018
- Decided
- 2 July 2018
- Bench
- A.K. SIKRI, ASHOK BHUSHAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution; Income Tax Act Section 194A(3)(iii)(f)
Headnote
Income Tax Act, 1961 - s.194A(3)(iii)(f) - Notification issued under - Payment of interest to State Industrial Development Authority - Exemption from deduction of tax at source - Benefit of, when available - New Okhla Industrial Development Authority 1976 Act - Respondent-Bank paid interest to NOIDA in form of FDs/Deposits, however, did not deduct tax at source - Assessing Officer holding that the respondent was assessee in default, issued demand notice - Bank filed appeal before Commissioner of Income Tax (Appeals)
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