https://www.taxtmi.com/caselaws?id=226223 The court considered the interpretation of Section 33ABA of the Income Tax Act, focusing on the treatment of interest credited by State Bank of India. State Bank of India challenged the tax liability imposed by the Assessing Authority for failure to deduct tax at source. The court acknowledged State Bank of India's writ petition seeking protection until the Appellate Authority considers its appeal, allowing the bank to press for a stay of the demand without enforcement until the application is heard and decided. The court set aside the previous order, granting State Bank of India the opportunity to present its case before the Appellate Forum. en-us Mon, 01 Apr 2013 00:00:00 +0530 Mon, 22 Apr 2013 10:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=226223 The court considered the interpretation of Section 33ABA of the Income Tax Act, focusing on the treatment of interest credited by State Bank of India. State Bank of India challenged the tax liability imposed by the Assessing Authority for failure to deduct tax at source. The court acknowledged State Bank of India's writ petition seeking protection until the Appellate Authority considers its appeal, allowing the bank to press for a stay of the demand without enforcement until the application is heard and decided. The court set aside the previous order, granting State Bank of India the opportunity to present its case before the Appellate Forum. Case-Laws Income Tax Mon, 01 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=226223