https://www.taxtmi.com/caselaws?id=5151 Interest on securities issued by the erstwhile States of Travancore and Cochin was treated as interest on "securities of the State Government" under section 8 of the Income-tax Act, 1922, because the provision expressly covered State Government securities and there was no basis to substitute a different meaning from the General Clauses Act. The securities, having been issued before 15 August 1947 and being tax free, fell within the third proviso to section 8. The effect was that such interest was assessable under section 8, while the assessee remained entitled to the statutory exemption available under the proviso. en-us Tue, 13 Aug 1968 00:00:00 +0530 Thu, 20 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5151 Interest on securities issued by the erstwhile States of Travancore and Cochin was treated as interest on "securities of the State Government" under section 8 of the Income-tax Act, 1922, because the provision expressly covered State Government securities and there was no basis to substitute a different meaning from the General Clauses Act. The securities, having been issued before 15 August 1947 and being tax free, fell within the third proviso to section 8. The effect was that such interest was assessable under section 8, while the assessee remained entitled to the statutory exemption available under the proviso. Case-Laws Income Tax Tue, 13 Aug 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5151