https://www.taxtmi.com/caselaws?id=193534 The court held that the Ghaziabad Development Authority (GDA) was obligated to deduct TDS on interest payments to Punjab National Bank Housing Finance Limited (PNBHFL) and Life Insurance Corporation Housing Finance Limited (LICHFL) under section 194A. While recognizing a bona fide nature in GDA's non-deduction of TDS, the court deemed the demand for TDS from GDA as illegal and without jurisdiction, preventing double taxation. The court directed the Income-tax Officer (TDS) to calculate the interest liability of GDA for the period of default in TDS deduction, setting aside previous orders demanding TDS and surcharge from GDA. en-us Wed, 03 Aug 2016 00:00:00 +0530 Fri, 04 Aug 2017 07:00:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193534 The court held that the Ghaziabad Development Authority (GDA) was obligated to deduct TDS on interest payments to Punjab National Bank Housing Finance Limited (PNBHFL) and Life Insurance Corporation Housing Finance Limited (LICHFL) under section 194A. While recognizing a bona fide nature in GDA's non-deduction of TDS, the court deemed the demand for TDS from GDA as illegal and without jurisdiction, preventing double taxation. The court directed the Income-tax Officer (TDS) to calculate the interest liability of GDA for the period of default in TDS deduction, setting aside previous orders demanding TDS and surcharge from GDA. Case-Laws Income Tax Wed, 03 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193534