https://www.taxtmi.com/caselaws?id=259482 The Tribunal upheld the CIT(A)'s order, finding no issues with the lack of statutory notice under section 250(1) or the limitation under section 201(3) for raising demands. It concluded that interest on Non-Convertible Debentures (NCDs) and Foreign Currency Convertible Bonds (FCCBs) was not taxable, as exemptions applied. Additionally, it determined that interest on Fixed Deposit Receipts (FDRs) was not subject to Tax Deducted at Source (TDS) liability. The demands raised by the Assessing Officer under sections 201(1) and 201(1A) were deleted, and all appeals by the Revenue were dismissed. en-us Tue, 28 Apr 2015 00:00:00 +0530 Tue, 12 May 2015 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259482 The Tribunal upheld the CIT(A)'s order, finding no issues with the lack of statutory notice under section 250(1) or the limitation under section 201(3) for raising demands. It concluded that interest on Non-Convertible Debentures (NCDs) and Foreign Currency Convertible Bonds (FCCBs) was not taxable, as exemptions applied. Additionally, it determined that interest on Fixed Deposit Receipts (FDRs) was not subject to Tax Deducted at Source (TDS) liability. The demands raised by the Assessing Officer under sections 201(1) and 201(1A) were deleted, and all appeals by the Revenue were dismissed. Case-Laws Income Tax Tue, 28 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259482