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
44-AB during the
financial year immediately proceeding the financial year in which
such income by way of rent is credited or paid, shall be liable to
deduct income-tax under this section..
Explanation.--For the purposes of this section, where any income
by way of interest as aforesaid is credited to any account, whether
called 'Interest payable account
