TDS not deductible on Interest paid to a company carrying on Insurance business

I.T.O. M/s. Batram Properties Pvt. Ltd. (ITAT Kolkata) Interest income paid to a company carrying on a business of insurance need not deduct tax at source A plain reading of the provision of section 194A(3)(iii)(e) of the Act suggests that interest income paid to a company carrying on a business of insurance need not deduct tax at source. There is no other qualification mentioned in the relevant statutory provisions. Nevertheless it is not possible to conclude from a mere look at the profile of the company in a website that it is carrying on business of insurance. Therefore it would be in the...