https://www.taxtmi.com/caselaws?id=326985 The Tribunal held in favor of the assessee in the case concerning the credit of TDS on interest income received in a fiduciary capacity for the State of Rajasthan. The Tribunal ruled that the TDS credit should be refunded to the assessee as the interest income was not taxable in the hands of the assessee, who acted as a nodal agency for the State Government. The Income Tax Department was directed to pay the TDS amount to the assessee with the understanding that the amount would be returned to the State of Rajasthan. Both appeals for the assessment years 2009-10 and 2010-11 were allowed in favor of the assessee. en-us Fri, 18 Mar 2016 00:00:00 +0530 Fri, 29 Apr 2016 11:27:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326985 The Tribunal held in favor of the assessee in the case concerning the credit of TDS on interest income received in a fiduciary capacity for the State of Rajasthan. The Tribunal ruled that the TDS credit should be refunded to the assessee as the interest income was not taxable in the hands of the assessee, who acted as a nodal agency for the State Government. The Income Tax Department was directed to pay the TDS amount to the assessee with the understanding that the amount would be returned to the State of Rajasthan. Both appeals for the assessment years 2009-10 and 2010-11 were allowed in favor of the assessee. Case-Laws Income Tax Fri, 18 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326985