THE DY. COMMISSIONER INCOME-TAX, JAMMU vs. M/S. THE JAMMU & KASHMIR BANK LTD,, SRINAGAR

In the result, the ground No

Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee

194A(3)(iii)(f) of the Income Tax Act, 1961, no tax was required to be deducted on interest on deposit paid to a corporation, incorporated under State Act. It has been argued before me that the issue is squarely covered by the orders of Hon'ble ITAT, Amritsar bench passed against the orders of ITO, TDS, Jammu in respect