https://www.taxtmi.com/caselaws?id=363356 The SC upheld the HC's decision regarding TDS u/s 194A on interest paid to NOIDA Authority. The Court held that the Authority qualifies as a corporation established "by" the 1976 Act, not merely "under" it, as the Act's preamble provides for constitution of an authority and Section 3 statutorily provides its composition. Relying on Dalco Engineering precedent regarding State Financial Corporation Act establishments, the Court concluded the Authority falls within the 22.10.1970 Notification exemption, dismissing the Revenue's appeal. en-us Mon, 02 Jul 2018 00:00:00 +0530 Wed, 16 Jul 2025 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363356 The SC upheld the HC's decision regarding TDS u/s 194A on interest paid to NOIDA Authority. The Court held that the Authority qualifies as a corporation established "by" the 1976 Act, not merely "under" it, as the Act's preamble provides for constitution of an authority and Section 3 statutorily provides its composition. Relying on Dalco Engineering precedent regarding State Financial Corporation Act establishments, the Court concluded the Authority falls within the 22.10.1970 Notification exemption, dismissing the Revenue's appeal. Case-Laws Income Tax Mon, 02 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363356