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    <title>2021 (11) TMI 577 - KARNATAKA HIGH COURT</title>
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    <description>The court allowed the petition, directing respondents 3 to 5 not to deduct TDS on the interest accruing on the petitioner&#039;s fixed deposits until the conclusion of the CBI proceedings. The court clarified that the petitioner&#039;s liability to pay taxes on the interest income would arise only after the proceedings concluded. Any TDS already deducted prior to the interim order dated 09.09.2019 would not be affected by this judgment.</description>
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      <title>2021 (11) TMI 577 - KARNATAKA HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=414796</link>
      <description>The court allowed the petition, directing respondents 3 to 5 not to deduct TDS on the interest accruing on the petitioner&#039;s fixed deposits until the conclusion of the CBI proceedings. The court clarified that the petitioner&#039;s liability to pay taxes on the interest income would arise only after the proceedings concluded. Any TDS already deducted prior to the interim order dated 09.09.2019 would not be affected by this judgment.</description>
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      <pubDate>Tue, 21 Sep 2021 00:00:00 +0530</pubDate>
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