https://www.taxtmi.com/caselaws?id=341073 The Tribunal held that the appellant banks were not required to withhold tax at source on interest payments made to NOIDA, as NOIDA was considered a 'corporation' exempt from tax deduction under section 194A of the Income Tax Act. The Tribunal found that the CIT (A) exceeded his jurisdiction in reversing his decision without proper consideration, emphasizing the importance of procedural fairness and adherence to judicial discipline. The Tribunal quashed the revised order of the CIT (A) and allowed the appeals filed by the appellant banks. en-us Fri, 24 Mar 2017 00:00:00 +0530 Sat, 01 Apr 2017 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341073 The Tribunal held that the appellant banks were not required to withhold tax at source on interest payments made to NOIDA, as NOIDA was considered a 'corporation' exempt from tax deduction under section 194A of the Income Tax Act. The Tribunal found that the CIT (A) exceeded his jurisdiction in reversing his decision without proper consideration, emphasizing the importance of procedural fairness and adherence to judicial discipline. The Tribunal quashed the revised order of the CIT (A) and allowed the appeals filed by the appellant banks. Case-Laws Income Tax Fri, 24 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341073