This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
J&K Roads Development Agency Exempt from TDS deduction on Term Deposit Interest
Case Law Details
- Case Name
- CIT Vs Jammu and Kashmir Bank Ltd (Jammu and Kashmir High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Jammu & Kashmir HC
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
CIT Vs Jammu and Kashmir Bank Ltd (Jammu and Kashmir High Court)
Introduction: This case involves an appeal filed by the Commissioner of Income Tax (TDS-I), Chandigarh against the order of the Income Tax Appellate Tribunal, Amritsar Bench. The dispute arose when the Assessing Officer noticed that the Jammu and Kashmir Bank Ltd. (the assessee) did not deduct tax at source under Section 194A of the Income Tax Act, 1961, on the interest paid/accrued on Term Deposit Accounts held by the J&K State Rural Roads Development Agency (JKSRRDA) during the assessment year 2009-10. The Assessing Officer...
