PR.COMM.OF INCOME TAX vs. M/S THE JAMMU AND KASHMIR BANK LTD.
The appeals are dismissed
ITA/6/2017HC J&K13 Jul 2023
Bench: HON'BLE MR. JUSTICE SANJEEV KUMAR,HON'BLE MR. JUSTICE JAVED IQBAL WANI
Section 194ASection 194A(3)(f)Section 260ASection 40
45 of 1974).
Explanation.--For the purposes of Clauses (i), (vii) and (viia),
'time deposits' means deposits (excluding recurring deposits)
repayable on the expiry of fixed periods.
(4) The person responsible for making the payment referred to in
subsection (1) may, at the time of making any deduction, increase
or reduce the amount to be deducted under this section
