https://www.taxtmi.com/caselaws?id=263513 The Tribunal allowed the appeals by the branches of Canara Bank, directing a de novo consideration by the Assessing Officer. The High Court's decision confirming KIADB's registration and the non-taxability of its interest income led to the favorable outcome for the assessees. The case emphasized the significance of the High Court judgment in determining the tax liability of the interest paid to KIADB. en-us Wed, 12 Aug 2015 00:00:00 +0530 Wed, 26 Aug 2015 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263513 The Tribunal allowed the appeals by the branches of Canara Bank, directing a de novo consideration by the Assessing Officer. The High Court's decision confirming KIADB's registration and the non-taxability of its interest income led to the favorable outcome for the assessees. The case emphasized the significance of the High Court judgment in determining the tax liability of the interest paid to KIADB. Case-Laws Income Tax Wed, 12 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263513