Supreme Court · 2018 INSC 565 · Decided 2 July 2018
M/S New Okhla Industrial Development Authority v. Commissioner of Income Tax Appeals & ORS.
- Court
- Supreme Court of India
- Citation
- 2018 INSC 565 · [2018] 7 S.C.R. 888
- Case number
- CIVIL APPEAL No. 15613/2017
- Decided
- 2 July 2018
- Bench
- A.K. SIKRI, ASHOK BHUSHAN (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10(20), 194A(3)(iii)(f), 194, 201, 201(A)
Headnote
Income Tax Act, 1961 - s.10(20) - Applicability of - Local authority - Noida - Held: Noida is not a local authority within the meaning of s.10(20) as amended by Finance Act, 2002 w.e.f 01.04.2003 by virtue of decision in of 2014 - Uttar Pradesh Industrial Area Development Act, 1976. Income Tax Act, 1961 - s.194A(3)(iii)(f) - Exemption of interest income by virtue of Notification dated 24.10.1970 - Held, it was decided in Commissioner of Income Tax v. Canara Bank that Noida is covered
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