https://www.taxtmi.com/caselaws?id=383294 The High Court of Karnataka ruled that each bank branch is a separate assessee for Tax Deducted at Source (TDS) purposes, and the Assessing Officer exceeded jurisdiction by considering interest paid by branches outside their territory. The Income Tax Appellate Tribunal directed the Commissioner of Income Tax (Appeals) to re-examine the matter focusing on jurisdiction and validity of orders. The Commissioner partially allowed the bank's appeals, reducing the demand for interest paid by branches outside the Assessing Officer's jurisdiction. The Tribunal upheld the Commissioner's decision, dismissing the Revenue's appeals and affirming the jurisdictional limitations of the Assessing Officer over TDS compliance by bank branches. en-us Fri, 05 Jul 2019 00:00:00 +0530 Fri, 19 Jul 2019 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383294 The High Court of Karnataka ruled that each bank branch is a separate assessee for Tax Deducted at Source (TDS) purposes, and the Assessing Officer exceeded jurisdiction by considering interest paid by branches outside their territory. The Income Tax Appellate Tribunal directed the Commissioner of Income Tax (Appeals) to re-examine the matter focusing on jurisdiction and validity of orders. The Commissioner partially allowed the bank's appeals, reducing the demand for interest paid by branches outside the Assessing Officer's jurisdiction. The Tribunal upheld the Commissioner's decision, dismissing the Revenue's appeals and affirming the jurisdictional limitations of the Assessing Officer over TDS compliance by bank branches. Case-Laws Income Tax Fri, 05 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383294