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
9
From a conjoint reading of Section 194A of the Act and SO 3489
dated 22.10.1970, it becomes abundantly clear that, apart from others, a
corporation established by a Central, State or Provincial Act is exempt from the
8
operation of sub section (1) of Section 194A of the Act and such corporation is,
thus, not obliged to deduct TDS
