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        F. Acts / Amendment Acts

        Section 57 - Bank of Bhutan to be exempt from liability to pay income-tax on certain income

        Finance Act, 1982
        Chapter V
        MISCELLANEOUS

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        Tax exemption: Bank of Bhutan not liable to income tax on interest from deposits with State Bank of India. Bank of Bhutan is exempt from liability to pay income-tax on interest accruing from deposits with the State Bank of India for the period commencing 1 January 1972 and ending 31 December 1986, notwithstanding the provisions of the Income-tax Act.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Tax exemption: Bank of Bhutan not liable to income tax on interest from deposits with State Bank of India.

                                Bank of Bhutan is exempt from liability to pay income-tax on interest accruing from deposits with the State Bank of India for the period commencing 1 January 1972 and ending 31 December 1986, notwithstanding the provisions of the Income-tax Act.


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